Which of the following best defines insurance??
A) ?It is a contract whereby a party transfers his right to receive interest to a third-party such as an agent
B) ?It is a contract whereby a party transfers a risk of physical injury to the risk bearer for a fee.
C) ?It is a contract whereby a party transfers his right to a claim for a particular fee.
D) ?It is a contract whereby a party transfers a risk of financial loss to a risk bearer for a fee.
D
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Which of the following would typically be recorded as an intangible asset with a finite useful life?
A) ?Franchises B) ?Trademarks C) ?Brand name D) ?Goodwill
Dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs is known as market diversification
Indicate whether the statement is true or false
The duty of fair representation is a judicially created obligation on the part of the union to represent fairly all employees in the:
a. hiring hall. b. bargaining unit. c. captive-audience speeches. d. closed shop.
Ajax, which stands for Asynchronous JavaScript and XML, is a popular new set of technologies used to create many of the more recent programs delivered over the Web, such as Google Docs and Flickr's Photo Editor.
Answer the following statement true (T) or false (F)