ABC Insurance Company sells auto insurance in one state. Recently, the state legislature passed a law that limits the use of an individual's credit history by insurers when selecting applicants to insure
This change in law will increase the possibility of unprofitable results for ABC. This type of hazard is an example of
A) physical hazard.
B) legal hazard.
C) moral hazard.
D) attitudinal hazard.
Answer: B
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A) communications B) distribution C) price D) product or service capabilities
Which of the following statements is not a consideration when making non-comparative itemized rating scale decisions?
A) the number of scale categories to use B) forced versus non-forced choice C) the order of the scale questions D) balanced versus unbalanced scales
The choice of a manufacturing method such as MTS, MTO, ATO, and ETO depends on ______.
A. government regulations on production B. demand variability C. the General Agreement on Trade and Tariffs D. ISO standards
A battery cell manufacturer has been disposing its hazardous wastes into a local water body. This waste has seeped into the ground water table and contaminated it. Residents in the area have been falling ill due to water poisoning
The residents can file an action based on ________ against the battery cell manufacturer. A) nuisance B) invasion of privacy C) negligence D) assault