All of the following statements about avoidance are true EXCEPT
A) Certain loss exposures are never acquired.
B) Certain loss exposures may be abandoned.
C) The chance of loss for certain loss exposures may be reduced to zero.
D) It can be used for any loss exposure facing a firm.
Answer: D
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Which of the following statements is true?
a. A company's value chain is not part of its supply chain. b. A manufacturer's supply chain typically includes research and development and customer service. c. A company's supply chain includes the value chains of its suppliers. d. Your supplier's suppliers are part of your value chain.
Which of the following conditions would enable higher market share to produce higher profits?
A) when unit costs drop as market share increases B) when unit costs increase as market share increases C) when production volume drops as market share increases D) when production volume remains unaltered as market share increases E) when the company fails to break even
Describe the sustainability management practices of a business firm with which you are familiar. Which stage of the corporate environmental responsibility model best fits this firm, and why? Looking again at this same firm, what steps might its managers take to improve its environmental performance? In answering this question, consider the various elements of effective environmental management.
What will be an ideal response?
The face amount for a particular life insurance policy is equal to
A) the amount you would receive if you canceled the insurance policy. B) the sum of all past premiums. C) the sum of all past premiums minus dividends paid. D) the amount of death protection without accidental death benefits or reduction for policy loans.