Methods by which insurers may minimize or avoid catastrophic losses include which of the following? I. The use of reinsurance II. Concentrating coverage written in one geographic region
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Comparative negligence is a doctrine that says a plaintiff who is partially at fault for his or her own injury cannot recover against the negligent defendant.
Answer the following statement true (T) or false (F)
Which of the following situations would intensify the business risk borne by a firm's common stockholders?
A. The firm issues new fixed-income securities, such as bonds, to raise funds to support operations. B. The firm takes actions to stabilize its annual sales. C. The firm starts purchasing from a supplier that allows it to renegotiate raw materials costs every six months. D. The firm reduces its use of fixed operating costs. E. The firm issues new common stock to raise funds.
Capacity used to satisfy demand that is higher than forecasted is
A) safety backlog. B) safety capacity. C) safety inventory. D) safety sales.
A process in which process variation fits well within the specification limits.
a. Process is easily capable b. Process is comfortably capable c. Process is just capable d. Process is not capable