The fair representation doctrine settles disputes over the meaning of contract terms.
Answer the following statement true (T) or false (F)
False
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Which of the following types of variables characterizes the differences between people in terms of income, age, occupation, education, and race?
A) geographic B) demographic C) psychographic D) behavioral
Answer the following statements true (T) or false (F)
1. Ethical leadership can be defined as “the demonstration of normatively appropriate conduct through personal actions and interpersonal relationship, and the promotion of such conduct to followers through two-way communication, reinforcement, and decision making.” 2. Transactional leadership is based on inspirational motivation, idealized influence, individualized considerations and intellectual stimulation. 3. The principles of ethical power are purpose, perspective, patience, and persistence. 4. Transformational leaders create a long-term vision for the firm. 5. An inconsistent leader has strong ethical traits and behavior and can translate those traits to others.
An advising bank assumes no liability for paying the letter of credit
Indicate whether the statement is true or false
JKL Insurance Company estimates that 14 out of every 100 homeowners it insures will file a claim each year. Last year, JKL insured 200 homeowners
According to the law of large numbers, what should happen if JKL insures 2,000 homeowners this year? A) The total number of claims filed by JKL policyowners should decrease. B) The total dollar value of claims will decrease. C) The average size of loss will decline in value. D) The actual results will more closely approach the expected results.