Why is a large number of exposure units generally required before a pure risk is insurable?
A) It prevents the insurer from losing money.
B) It eliminates intentional losses.
C) It minimizes moral hazard.
D) It enables the insurer to predict losses more accurately.
Answer: D
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According to the text, the marketing research report should allow the marketing manager to
A. finalize the research and move on to the next product. B. move on to the next step in the marketing research process. C. solve the marketing problem. D. demonstrate professionalism and competency. E. determine what additional research is needed.
Alice, Betty, and Cathy are interested in forming a business venture. Alice is quite wealthy and is ready to contribute money to the venture. Betty has a degree in business from an excellent university, worked for five years as a manager in a major
corporation, and currently is a leadership/management consultant. Cathy is a scientist who has developed a process that will, according to her, "revolutionize cancer treatment throughout the world." Alice, Betty, and Cathy believe it is in their best interest to form a general partnership. Do you agree? Is there a more appropriate form of business you might recommend?
Wickard v. Filburn concerned the ability of Congress to impose federal controls on wheat production, including a small farm that produced only 239 bushels of wheat, all for use on the farm. The Supreme Court held that the controls were:
a. unconstitutional since the matter agriculture is exempted from regulation b. unconstitutional since such a small amount was "insufficient commerce," but the regulations could be written to apply to all active sellers in the wheat market c. unconstitutional since all of the wheat was sold or used within the state d. unconstitutional since none of the wheat was sold; all wheat was used on the farm e. none of the other choices
A threat action in which sensitive data are directly released to an unauthorized entity is __________
A. corruption C. disruption B. intrusion D. exposure