Motor Insurance Quotes – Are Motor Insurance Quotes Legally Binding?

Q: Are the motor insurance quotes I receive from insurance companies binding? If so for how long?

A: The answer to that is yes and no. Let us explain. If you receive motor insurance quotes from an insurance company – then that is the price they are going to charge you. However, they are not legally bound to quote you the same price if you call them back three days later.

It is likely you will receive the same quote from the same company provided there were no incidents from when you first received the quote, but just because it is likely doesn’t mean that the company is bound to stand to by the earlier quote.

A good way to find out how long the quoted rate is good for is to ask the agent or representative who is giving you the quote. Be wary of a hard sell at this point however as the agent is going to realize you will be requesting quotes from other companies.

Motor insurance quotes are liable to change suddenly due to market changes, new insurance legislation, or a driving offense that may have occurred. To avoid this we recommend doing all of your insurance shopping over a one or two day span. This will ensure you get the price that was quoted to you.

Lastly, we strongly recommend that you take comparison shopping seriously when it comes to finding the best deal on auto insurance. While it may sound like common sense, there are many drivers who don’t take the time to compare quotes from different companies and end up overpaying for their coverage as a result.

History and Components of a Modern Mainframe Computer

Mainframe computers are critical for some of the largest corporations in the world. Each mainframe has more than one modern processor, RAM ranging from a few megabytes to multiple-score gigabytes, and disk space and other storage beyond anything on a microcomputer. A mainframe can control multiple tasks and serve thousands of users every second without downtime.

The chief difference between mainframes and other computing systems is the level of processing that takes place. Mainframes are also different in terms of data bandwidth, organization, reliability, and control. Big organizations-banking, healthcare, insurance, and telecom companies, etc.-use mainframes for processing critical commercial data.

In this article, we discuss the evolution of mainframe computers and their components.

History of mainframe computers

IBM developed a critical part of mainframe computing, the Automatic Sequenced Controlled Calculator (ASCC) for arithmetic operations, in 1944. From the late 1950s through the 1970s, several companies manufactured mainframes: IBM, Burroughs, RCA, NCR, General Electric, and Sperry Rand, for example. Since then, System / 390 by IBM is the only kind of mainframe in use. It evolved from IBM's System / 360 in 1960.

An Early mainframe occupied a huge space. New technologies have drastically reduced the size and cost of the hardware. A current-generation mainframe can fit in a small closet.

Components of a modern mainframe computer

Like a PC, a mainframe has many components for processing data: operating system, motherboard or main board, processor, controllers, storage devices, and channels.

• Motherboard: The motherboard of a mainframe computer consists of a printed circuit that allows CPU, RAM, and other hardware components to function together through a concept called "Bus architecture". The motherboard has device slots for input cards and cable interfaces for various external devices. Where PC motherboards use 32- or 64-bit buses, mainframes use 128-bit buses. General instructions regarding the internal architecture help the motherboard connect to the other devices and retrieve data using binary computation.

• Processor: A CPU acts as the central processing point in mainframe architecture and includes an Arithmetic Logic Unit (ALU) for performing arithmetic calculations. It also works as a controller for the bus architecture and handles traffic and data requests. The processing power of mainframes is much higher compared to PCs, so that they can handle huge amounts of data.

• Storage devices: Storage devices are for entering, retrieving, storing, and recording data. Many are external devices, such as hard drives, tape drives, and punch card readers, all connected to terminals of the mainframe and controlled by the CPU. Their capacity for data storage can be hundred or even thousands of times that of a PC.

• Communication controllers: Communication controllers allow remote computers to access a mainframe. With the help of networks, LAN or WAN, communication controllers establish connections with various devices, perform data transmission over communication channels, and keep track of users at terminals.

• Channels: The "channels" are the cables used to connect the CPU and the main storage to other parts of the system and make sure that data is moved in a systematic way without losing its integrity.

Modern mainframes have advanced features such as expanded service management capabilities, cross-platform integration facilities, etc. And so are suitable for critical data center operations. The cost of maintaining modern mainframes is much less compared to older models.

Management and Financial Accounting

Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting needs of all of the other users. The differences between the two types of accounting reflect the different user groups that they address. Briefly, the major differences are as follows:

  • Nature of the reports produced. Financial accounting reports tend to be general purpose. That is, they contain financial information that will be useful for a broad range of users and decisions rather than being specifically designed for the needs of a particular group or set of decisions. Management accounting reports, on the other hand, are often for a specific purpose. They are designed either with a particular decision in mind or for a particular manager.
  • Level of detail. Financial reports provide users with a broad overview of the performance and position of the business for a period. As a result, information is aggregated and detail is often lost. Management accounting reports, however, often provide managers with considerable detail to help them with a particular operational decision.
  • Regulations. Financial reports, for many businesses, are subject to accounting regulations that try to ensure they are produced with standard content and in a standard format. Law and accounting rule setters impose these regulations. Since management accounting reports are for internal use only, there are no regulations from external sources concerning the form and content of the reports. They can be designed to meet the needs of particular managers.
  • Reporting interval. For most businesses, financial accounting reports are produced on an annual basis, though many large businesses produce half-yearly reports and a few produce quarterly ones. Management accounting reports may be produced as frequently as required by managers. In many businesses, managers are provided with certain reports on a monthly, weekly or even daily basis, which allows them to check progress frequently. In addition, special-purpose reports will be prepared when required (for example, to evaluate a proposal to purchase a piece of machinery).
  • Time horizon. Financial reports reflect the performance and position of the business for the past period. In essence, they are backward looking. Management accounting reports, on the other hand, often provide information concerning future performance as well as past performance. It is an oversimplification, however, to suggest that financial accounting reports never incorporate expectations concerning the future. Occasionally, businesses will release projected information to other users in an attempt to raise capital or to fight off unwanted takeover bids.
  • Range and quality of information. Financial accounting reports concentrate on information that can be quantified in monetary terms. Management accounting also produces such reports, but is also more likely to produce reports that contain information of a non-financial nature such as measures of physical quantities of inventories (stocks) and output. Financial accounting places greater emphasis on the use of objective, verifiable evidence when preparing reports. Management accounting reports may use information that is less objective and verifiable, but they provide managers with the information they need.

We can see from this that management accounting is less constrained than financial accounting. It may draw on a variety of sources and use information that has varying degrees of reliability. The only real test to be applied when assessing the value of the information produced for managers is whether or not it improves the quality of the decisions made.

The distinction between the two areas reflects, to some extent, the differences in access to financial information. Managers have much more control over the form and content of information they receive. Other users have to rely on what managers are prepared to provide or what the financial reporting regulations state must be provided. Though the scope of financial accounting reports has increased over time, fears concerning loss of competitive advantage and user ignorance concerning the reliability of forecast data have led businesses to resist providing other users with the detailed and wide-ranging information that is available to managers.

What Is A Blog Or What Does Blog Stand For

What is a blog or what does blog stand for are two questions that many internet users still often ask. Well, in short, a blog is basically an online journal whereby a blogger or a contributor to a blog, can digitally note their own thoughts, ideas, opinions and practically anything else that bloggers want people to read about.

Blogs are often called weblogs because after all they are a particular type of website, usually maintained and updated by an individual with regular entries of events, descriptions of situations, personal commentaries or other material such as graphic images or video. Entries are, more often than not, displayed in reverse-chronological order.

Blogs are fluid, interactive platforms for bloggers to get their message across to readers, as opposed to a more static website platform.

There are many resources available on the internet to provide you with blogging tips and information. For instance should you create your blog via a blogging platform such as blogger.com or buy your own domain and set up your blog via a platform such as WordPress. One important aspect of setting up your own blog is that it enables the blogger to create a bond with their readers and to be able to interact with them. It is a great way to make your own thoughts known to others, to pass on valuable information to interested readers, or to create a web presence for your business. The options are numerous.

To achieve this it is advisable for the blogger to include an “About Us” type page, where the blog owner can outline who they are and to disclose the purpose of the blog to their readers.

It goes without saying therefore that, in the main, the blogger needs to know the subject well enough to write regular blog posts. I say “in the main” because the flexibility of a blog will allow the blogger to write a post inviting their readers to comment on a subject that is not so well known by the blogger.

This approach will further enhance the bloggers bond with the readers and will provide more, fresh unique content to their blog.

As mentioned above, blog posts need to be made on a regular basis, but not too regular if the quality of the blog posts are of a poor quality. For instance it is better to post just one really informative, quality blog post every 2 or 3 days rather than several flimsy posts on a daily basis. In short it is the quality of the post rather than the quantity. Posting poor quality posts too often will drive your readers away.

Very often forgotten by bloggers is the need to include tags in their blog posts. Tags let you target your posts into different categories, which can then be searched by readers. For each of your posts you should be looking to have two or three tags. Make use of tags correctly. For example, ensure you use the same words for similar posts but don’t give posts too many tags, as this tends to clog up categories.

Don’t have too many widgets and/or images on your blog to the extent that it slows down the loading of your blog. Readers will exit very quickly if the blog takes too long to load.

Always remember as well that blogs and blog posting should be enjoyable. It is not like writing articles for article directories. A blog post should be written more like your own experiences rather than a regurgitation of a load of researched facts. For instance, one of my passions is football. If I was posting a blog post on a football match then I would write it based on my own experiences of attending a football match rather than spout a load of facts about what a football match is – rules, the time a match lasts for etc.

The flexibility of a blog enables the blogger to get their message across and to take on board any responses or feedback from their readers. It doesn’t take that long to set up a blog – again there are many tips and guidelines available on the internet.

On a more administrative level, if you do set up your own blog, don’t forget to include a “Contact Us” and a “Privacy Policy” page as a bare minimum.

Try blogging, you will find it to be both enjoyable and rewarding.