The ideal insurance system:
A) reduces the probability of accidental and fortuitous losses due to increased predictability
B) requires the transfer of a large number of exposures to loss to a pool, where a fund exists in advance of losses having to be paid
C) works best when a large proportion of the participants in the pool submits a claim
D) eliminates all hazards
B
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________ is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value
A) Marketing management B) Knowledge management C) Operations management D) Strategic management E) Distribution management
The distinction between avoidable and unavoidable costs is similar to the distinction between
a. variable costs and fixed costs. b. variable costs and mixed costs. c. step-variable costs and fixed costs. d. discretionary costs and committed costs.
A consideration need not be of legal value to be enforceable
Indicate whether the statement is true or false
A difference between active voice and passive voice is that active voice:
A) ?places greater emphasis on the subject's concerns. B) ?conveys ideas less vividly. C) ?avoids finger-pointing. D) ?subordinates an unpleasant thought.