What is the difference between occurrence-based and claims-based liability insurance policies?
What will be an ideal response?
An occurrence-based polity provides coverage regardless of when the claim is made provided that the insured occurrence took place during the policy period. A claims-based policy covers only claims made during the policy period, irrespective of when the insured occurrence occurred.
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What is the "sun-up" effect?
A) When a person's natural time clock is different from work hours B) The mental low point that occurs between 2-6am C) The mental low point that occurs between 2-6pm D) When the person wakes up when the sun rises, no matter how sleep deprived the person is
What is statistical control methodology applied to a process?
a. statistical process control (SPC) b. run chart c. flow chart d. fishbone
Functional analysis involves answering questions to determine the purpose of each part and how it interacts with the other parts.
Answer the following statement true (T) or false (F)
To prevent bending and other damages, open-web steel joists should be stored _____
a. on their bottom chords b. lying on one side c. standing on end d. on their top chords