What is the difference between an insurance broker and an insurance agent?
A) An insurance agent works exclusively for one company, while an insurance broker works for a number of insurance companies.
B) An agent requires a commission payment after a deal is made, while a broker requires a service charge to be paid before the deal is made.
C) An agent represents the insured, while a broker represents the company.
D) An agent is authorized to sell insurance directly, while a broker can only mediate an insurance contract.
A
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______ are the informal rules of behavior that govern the team.
A. Standards B. Norms C. Cohesions D. Guidelines
Which of the following is the first step of business portfolio planning?
A) shaping the future portfolio by developing strategies for growth and downsizing B) determining which businesses should receive more, less, or no investment C) identifying internal strengths and weaknesses D) identifying future opportunities E) determining short-term goals
Which of the following statements about unstructured tasks is most likely false?
A. Subordinates need help when a task is unstructured. B. While it is easier for a leader to give instruction in unstructured tasks, it is not necessarily the most helpful thing to do. C. Reducing the ambiguity of an unstructured situation is a leadership behavior appreciated by followers. D. Unstructured tasks are by nature somewhat ill defined.
One approach to mathematical simulation where statistical sampling is used to generate outcomes for a large number of trials is ________
Fill in the blank with the appropriate word.