In fire insurance, the purpose of coinsurance clauses is to prevent over-insurance
Indicate whether the statement is true or false
FALSE
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Which of the following modes of entry into a foreign market involves the maximum commitment and risk?
A) franchising B) direct investment C) joint ventures D) licensing E) direct exporting
A ________ is a type of draft that is always paid at a future date
A) sight draft B) bill of exchange C) time draft D) demand draft
Studies suggest that, in general, women speak differently to other women than they do to men
Indicate whether the statement is true or false
What is the fundamental difference between a fixed-price and a cost-plus contract?
A. On fixed-price contracts contractors are used while on cost-plus contracts no external contractors are used B. On fixed-price contracts the cost is set in advance while for cost-plus contracts it is established after the project is completed C. On fixed-price contracts macro estimates are used while micro estimates are used for cost-plus contracts D. No scope changes are made on fixed-price contracts while scope changes are allowed for cost-plus contracts E. On fixed-price contracts partnering is used while it is not used for cost-plus contracts