Ryan decided to review his personal risk management program. His car is 10 years old, and he would receive little money from his insurer if the car was damaged or destroyed. Ryan decided to drop the physical damage insurance on the car
From a risk management perspective, dropping the physical damage insurance on the car is best described as
A) increasing the use of avoidance in the risk management program.
B) increasing the use of noninsurance transfer in the risk management program.
C) increasing the use of retention in the risk management program.
D) increasing the use of risk control in the risk management program.
Answer: C
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A noncash expense is an expense that does not require an outflow of cash
a. True b. False Indicate whether the statement is true or false
Ann is trying to decide which one of two job offers she will accept. Several items are presented below: Job Offer A Job Offer B(1)Base salary$50,000 $50,000 (2)Overtime compensationComp. time Hourly rate(3)Moving allowance$3,000 $3,000 (4)Signing bonus$2,000 $0 (5)Job search costs incurred$300 $500 Select the items that are irrelevant to Ann's decision.
A. (2), (3), (4) B. (2), (4) C. (1), (2), (3), (4), (5) D. (1), (3), (5)
Answer the following statements true (T) or false (F)
1. The trait approach has a century of research to back it up. 2. The trait approach failed to identify a definitive set of specific leadership traits. 3. In his early studies, Stogdill found that leaders in one situation would almost always be leaders in another situation. 4. Stogdill’s later studies argued that personality and situational factors were both determinants of leadership. 5. A major strength of the trait approach is that it is quite useful for training.
Which of the following statements correctly depicts duties of court appointed trustees?
a. Trustees identify and collect a debtor's assets and then allocate those assets to creditors in an orderly manner. b. Trustees review fee applications, motions to appoint trustees and examiners, motions to convert or dismiss a case, and other pleadings. c. Trustees investigate criminal complaince in bankruptcy cases. d. Trustees testify in bankruptcy cases.