John is risk manager of Alpha-2-Omega Company. John wants coverage for "direct physical loss" ("open perils" coverage) under the business and personal property (BPP) coverage form. Which causes-of-loss form should he select?
A) special form
B) basic form
C) standard form
D) broad form
Answer: A
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Which of the following is true regarding services?
A) Services are typically produced, stored, and then consumed. B) Services are generally low in experience and credence qualities. C) Service providers develop similar marketing programs for personal services and business services. D) There is less risk associated with the purchase of services than with the purchase of goods. E) Provider-client interaction is a special feature of services marketing.
A franchise is established when parties of a general partnership conduct business outside the state of their incorporation
Indicate whether the statement is true or false
Consider a work center with a demand rate of 20 parts per hour and using a container that can hold 5 parts. It is estimated that the container takes 30 minutes to cycle through the work cell. Assume a safety stock level of 10 percent. What is the value of T for this system?
a. 5 b. 0.5 c. 0.1 d. 20
Exit champions are often reluctant to gather hard data about a venture because it might kill the project.
Answer the following statement true (T) or false (F)