Answer the following statement(s) true (T) or false (F)
1. A peril is anything that can cause a loss.
2. A hazard increase decreases peril but increases risk.
3. Underwriting is the process of evaluating risk and determining the cost of the coverage.
4. Driving an automobile is a speculative risk.
5. Term life insurance is temporary life insurance that only pays benefits if the insured individual dies while insured.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Which of the following options is not a suggested strategic tool for navigating shadow negotiations and keeping negotiations from becoming blocked or stalled?
A. appreciative moves B. alliance moves C. power moves D. process moves
A decision to position the product on high-performance quality will mean that the ________
A) seller must charge a higher price to cover higher costs B) seller must charge a lower price to attract more customers C) producer must step down production D) marketer must boost derived demand in the market E) break-even volume will be fairly low
Which of the following are defenses to patent-infringement claims?
a. Noninfringement, invalidity of the patent, misuse of the patent, and innocent infringement b. Noninfringement, invalidity of the patent, fair use, and innocent infringement c. Noninfringement, fair use, misuse of the patent, and innocent infringement d. Fair use, misuse of the patent, innocent infringement, and illegality of the patent
The Foreign Corrupt Practices Act makes it illegal for an American company to pay money to a foreign official to influence a decision of that person in his official capacity
Indicate whether the statement is true or false