Which of the following is not a reason for using deductibles in property insurance?
A) They reduce the morale hazard
B) They eliminate payment for frequent small losses
C) They allow consumers to customize contracts based on financial considerations
D) To split large losses in excess of the policy limits equitably between the insured and the insurer
D
You might also like to view...
Simon usually sees the bright side of situations. He loves to sing and does it on a regular basis with his friends. His band mates love Simon as their lead singer because he can uplift everyone in the room with his enthusiastic and confident nature. This scenario best exemplifies the concept of
a. Restlessness b. Mood c. Emotions d. Emotional Intelligence
The “magic number” of 150 (Gladwell, 2000) refers to ______.
A. the minimum number of people required for a change effort to be effective B. the maximum number of people with whom someone can have a genuinely social relationship C. the Burke–Litwin model D. Chaos theory
A manager wishes to build a 3-sigma range chart for a process. The sample size is five, the mean of sample means is 16.01, and the average range is 5.3. From Table S6.1, the appropriate value of D3 is 0, and D4 is 2.115
What are the UCL and LCL, respectively, for this range chart? A) 33.9 and 11.2 B) 33.9 and 0 C) 11.2 and 0 D) 6.3 and 0 E) 31.91 and 0.11
To keep the stress level low and avoid multiple chains of command issues, managers should adopt the matrix structure.
Answer the following statement true (T) or false (F)