Marketing practices targeted at elderly individuals for goods, such as supplemental health insurance, and funerals, are subject to criticism because:
A. interest gained on such investments are not highly profitable.
B. that population is vulnerable.
C. they target the considered and rational desires of the consumers.
D. they do not abide by the principles of welfare economics.
Answer: B
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The "incontestability clause" found in life insurance policies:
A. allows the insurer to contest its liability on the policy only if the policy has been in force for a specified period of time. B. allows the insurer to object on the basis of absence of insurable interest. C. bars the insurer from objecting on the basis of the purchase of the policy with the intent to murder the insured. D. bars an insured from reinstating a lapsed policy that has not been surrendered for its cash surrender value.
The chi-square test is performed by:
A) comparing a metric variable with a categorical variable B) comparing one frequency table with one cross-tabulation table C) comparing the difference among categories of more than three variables D) comparing observed frequencies with expected frequencies E) comparing the pie chart with the stacked bar chart
Joseph is the manager for JeanCo and has given the members of his highest developmental level group the authority to do their task in their own way. He also allows the members to make decisions of their own. What type of management style is Joseph using?
a. participative b. consultative c. empowerment d. autocratic
Which of the following is not an example of fairness?
a. Distributive fairness b. Reciprocal fairness c. Procedural fairness d. Fiduciary fairness