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Family Resource Management

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Answer the following questions I. Describe at least three of the factors that determine the cost of automobile insurance.
2. Why does geographic location of a home determine the cost of homeowner’s insurance?
3. What is the difference between a health maintenance organization (HMO) and a preferred provider organization (FPO) in managed health care?
4. Clarify the differences between insurance deductibles, co-pays, and stop-loss limits. 5. Why is it difficult to transfer a family business to the next generation? 6. Explain why it is important to have a will.
7. What is the difference between external and internal locus of control in the motivation of plan implementation.
S. How does the idea of resilience help I the implementation of plans?
9. Because it is so important in the delegation process, present some ways to enhance communication.
10. Explain how net worth is determined?

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