What are the main features of whole life insurance?
A) The premiums stay constant for your entire life.
B) The nonforfeiture right allows you access to the cash value account if needed.
C) It provides your with permanent insurance regardless of age and health issues.
D) All of the above are correct.
E) All but B are correct.
Answer: D
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According to Michael Porter, access-based positioning occurs when a company ________
A) satisfies a broad set of needs of all the customers in a wide segment B) limits its product offering in order to minimize its prices C) uniquely or preferentially reaches a specific market D) focuses on the cost leadership generic strategy alone
Explain the DADA Syndrome.
What will be an ideal response?
When looking at an organization as a whole, one needs to visualize how it fits into its overall environment and understand how each part relates to the others. What management skill is this?
a. Human b. Conceptual c. Technical d. Leading
Identify the social structural characteristic that helps in creating an empowering environment through decentralization, allowing greater contribution to overall operation, and avoiding micromanagement.
A. Hierarchical structure B. High role ambiguity C. Wide span of control D. Low role ambiguity