Point-of-sale (pos) system Along with electronic funds transfer, allows merchants to draw money directly form a customer’s bank account at the time a purchase is
Local Area Network (LAN) System Local Area Network (LAN) System refers a system of telecommunication links that connects all computers in one firm
Job evaluation system Job evaluation system is a process by which the relative values of jobs within the organization are determined.
Flexible manufacturing systems (FMS) Flexible manufacturing systems (FMS) refer the use of computers to change from one production process to another in order to produce
Executive information system (EIS) Executive information system (EIS) refers a user-friendly decision support system designed for executives that requires little computer
Systemic risk Systemic risk of collapse of an entire financial system or financial market in which the failure of a single entity or group of entities can
Risk Management Information System Risk management information system (RMIS) is a computerized data base that permits the risk manager to store and analyze risk
Personal selling distribution system Personal selling distribution system is a distribution system in which commissioned agents solicit and sell life insurance products to prospective insureds.
Multiple distribution systems Multiple distribution systems allow insurance marketing method that refers to the use of several distribution systems by an insurer; for
Multiple line exclusive agency system Multiple line exclusive agency system under this marketing system, agents who sell primarily property and casualty insurance also sell individual life and health insurance products. The agents represent only one insurer or group of insurers that are financially interrelated
Definition
[ imp.]