The movement or transfer of work from the customer through the organization is referred to as?
a. Work allocation
b. Work flow
c. Work movement
d. Work share
b. Work flow
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The loan loss coverage ratio is computed by dividing the provision for loans by net loans
Indicate whether the statement is true or false
What is the purpose of the extended nonowned liability coverage endorsement to the PAP?
A) to provide liability coverage for an insured's employer when an insured uses his or her auto for business purposes B) to provide liability coverage for an insured who occasionally operates a nonowned auto C) to provide liability coverage for anyone who loans a covered auto to another driver D) to provide liability coverage for an insured who operates a nonowned auto on a regular basis
Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $400,000. After mailing the letter, Elmer learns that the farm is actually worth $500,000 and changes his mind about selling. Elmer:
A) has made a firm offer to Fred which cannot be revoked. B) can revoke his offer at any time before acceptance, because there is no consideration to keep the offer open. C) must keep the offer open, because this is an option contract. D) is prohibited from revoking his offer to Fred under the doctrine of promissory estoppel.
Public relations is nonpersonal communication in news story form about an organization, or its products, or both, transmitted through a mass medium at no charge.
Answer the following statement true (T) or false (F)