Medical Cost Ratio (MCR)
What is Medical Cost Ratio (MCR)? Medical cost ratio (MCR), commonly known as medical loss ratio or medical benefit ratio, compares a health insurance company’s healthcare-related costs to its revenue premium. The ratio is frequently used to determine the financial strength of an insurance company, as it informs the percentage of revenue that goes towards...
Turnaround Recovery Strategies
What are Turnaround Recovery Strategies? Turnaround recovery strategies are a range of measures that companies employ to recover from a period of a performance decline. The range of measures is important since they mark an upturn phase of a company after a period of significant negativity. The concept of turnaround strategies is also applicable in...
Value of Risk
What is Value of Risk? Value of risk refers to the financial benefit that an organization will gain for pursuing a risk-taking activity. Businesses undertake different activities all the time – such as starting a new product line, opening a new retail store, entering into a new geographical market, etc. – and all the activities...
Series 7 Exam
What is the Series 7 Exam? The Series 7 exam is formally known as the General Securities Representative Examination, and it is administered by the Financial Industry Regulatory Authority (FINRA). In the United States, financial professionals are required to take and pass the exam to obtain a license to trade security products, such as corporate...
Manufacturing
What is Manufacturing? Manufacturing refers to the processing of finished products from raw materials using various methods, human labor, and equipment according to a detailed plan in a cost-effective way. Large-scale manufacturing uses core assets, including assembly line processes and sophisticated technologies for the mass production of goods. Manufacturers take advantage of the economies of...
