A category killer is a very large specialty store that concentrates on a single product line and competes by offering low prices and an enormous number of products.

Answer the following statement true (T) or false (F)


True

Business

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Random sampling error is where the error due to the particular sample selected is an imperfect representation of the population of interest

Indicate whether the statement is true or false

Business

Brian's pick-up truck collides with Miranda's semi-trailer on a county highway. Weighing Brian's liability for the collision, Rachel, a judge, reasons by analogy. To reason by analogy is to

A. compare the facts in previous cases and apply the same rule of law. B. compile summaries of court decisions on particular topics. C. employ logic through a major premise, a minor premise, and a conclusion. D. proceed from one point to another with the focal point being the result.

Business

Bev lives in the suburbs and works downtown. She drives to work, and her most direct route to work would require her to pass through an area where carjackings and drive-by-shootings are common

Bev does not drive through this area. Instead, she uses a route which adds 10 minutes to her commute. Which risk management technique is Bev using with respect to the risk of injury while driving through the dangerous area? A) noninsurance transfer B) avoidance C) passive retention D) loss reduction

Business

In a limited partnership, with the exception of the right to participate in management, limited partners have essentially the same rights as general partners.

Answer the following statement true (T) or false (F)

Business