During the ____ stage the group establishes its long-term vision and how it will function over time.
a. Storming
b. Forming
c. Performing
d. Norming
d. Norming
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Conflict is not a state, but a:
A) Way of life. B) Condition. C) Process. D) Certainty.
Under a dram shop act, liability can be imposed without proof of negligence
a. True b. False Indicate whether the statement is true or false
Why does a company act voluntarily in implementing procedures and equipment beyond the statutory requirements?
a. To avoid criminal penalties if there is ever a misstep b. For purposes of good relations with regulators and community c. To maximize shareholder value over the long term d. Both b and c e. a, b and c
Which of the following statements about convolution is not correct?
A) Regardless of the number of possible outcomes, risk managers still perform convolution calculations by hand. B) Convolution uses joint probabilities to estimate the combined effects of frequency and severity. C) The outcome of the calculation using convolution will be expressed in dollars. D) The total probability of all loss combinations have to add up to 1.