Exclusions are used in insurance policies for all of the following reasons EXCEPT
A) to reduce moral hazard.
B) to waive policy conditions.
C) to eliminate coverage for uninsurable perils.
D) to eliminate coverage not needed by typical insureds.
Answer: B
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Extensions and footings on purchase invoices are verified before the invoices are approved for payment
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
The use of pay for ______ rather than hours worked is the trend today.
A. performance B. skills C. entitlement D. ability
A text-based report is written as a narrative
Indicate whether the statement is true or false
To what extent can exceptional organizational skills that are largely invisible to its clients be the basis of an enterprise differentiation strategy?
What will be an ideal response?