From the standpoint of the insurer, which of the following is a characteristic of an ideally insurable risk?
A) The loss must be intentional.
B) There must be a small number of unique loss exposures.
C) The chance of loss must be calculable.
D) The loss must be indeterminable.
Answer: C
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Answer the following statements true (T) or false (F)
1.When Carly tries to show Marti that she is genuinely concerned about her well-being, she is engaging in sympathy. 2.We tend to pay extra attention to what we see or hear first (known as the recency effect). 3.We tend to pay extra attention to what we see or hear last (the recency effect). 4.Perception checking involves observing the behavior of another, describing and interpreting what his or her behavior means to you, and putting your interpretation into words in an effort to determine if your perception is correct. 5.By taking stock of yourself, including your emotional state and biases, you are able to avoid taking responsibility for what you bring to the perception process.
Which of the following statements is true about investments categorized as trading securities?
a. They are valued on the balance sheet at cost. b. They can consist of debt, but not equity, securities. c. They are purchased to be held to maturity. d. Changes in market value are reflected in net income.
From a business point of view, diversity and nondiscrimination policy as applied to international business contracts are _______________
a. Mutually exclusive b. Crucial c. Nonexistent d. Legally binding
Weekly demand for corn tortillas at Big Truck Tacos is normally distributed with a mean of 1500 and a standard deviation of 300. Marco's takes one and one half weeks to supply a Big Truck order
Big Truck is targeting a CSL of 95 percent and monitors its inventory continuously. How much safety inventory of corn tortillas should Big Truck carry? What should their ROP be? What will be an ideal response?