The use of an applicant's personal opinions by underwriters for rating criteria directly violates which guiding principle of underwriting?
A) Separation and class homogeneity
B) Reliability
C) Incentive value
D) Social acceptability
B
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Greg, a young entrepreneur, has developed an aggressive business plan and is presenting his profit projections on the popular show Shark Tank in hopes of securing some venture capital
He concludes his presentation with an LP model of his planned product mix, and is convinced he will seal the deal by demonstrating that his profits are limitless since his LP model is unbounded. What should the sharks tell him? A) "Limitless profits sound fantastic, here's a blank check." B) "Limitless profits are possible only in minimization models, and we want you to maximize profits." C) "Unlimited profits aren't possible. You must have made a mistake in your LP model." D) "Limitless profits are possible only in maximization models, and we want you to minimize profits."
________ determines the sequence for undertaking activities
Fill in the blanks with correct word
Explain why RESPA was passed
Which of the following represents a payroll system privacy breach by Susan, a payroll accountant?
A) Susan shares information about labor costs with company executives. B) Susan alerts department managers about potential FLSA violations in their departments. C) Susan discusses specific information about the company's federal contracts with friends during lunch. D) Susan places employee payroll files in a cabinet to which only she and her supervisor have access.