Fred Knievel took out a substantial life insurance policy before he began his trek across North America in his Volvo. Doing so enabled him to:
A) Accept risk.
B) Minimize risk.
C) Transfer risk.
D) Share risk.
C
You might also like to view...
A retail store prices its goods to achieve a gross margin of 35 percent. Up to the date of a fire that destroyed the store's inventory, sales were $250,000 and cost of goods available for sale was $175,000. The estimated cost of the inventory destroyed is
A) $12,500. B) $43,750. C) $62,500. D) $75,000.
A single-sampling plan by attributes is needed for a purchased component. Given the following information, what is the consumer's risk? Table G.1 is appended to this exam
Sample size = 50 Acceptance number (c) = 3 Acceptance quality level (AQL ) = 0.01 Lot tolerance proportion defective (LTPD) = 0.04 A) greater than or equal to 0 but less than or equal to 0.25 B) greater than 0.25 but less than or equal to 0.50 C) greater than 0.50 but less than or equal to 0.75 D) greater than 0.75 but less than or equal to 1.00
All of the following relate to a first level manager EXCEPT what?
a. Communicating effectively is important both up and down an organization. b. Management focus is on directing employees to fulfill certain tasks. c. Conceptual skills are essential. d. They deal directly with employees to perform tasks for the immediate present.
All business processes begin and end with a(n):
A) starting and termination points B) event C) activity D) gateway