Funded risk assumption:
A) is typically done through a subsidiary on Bermuda or the Cayman Islands
B) increases moral hazard for the firm
C) is when a firm assumes by creating a liquid or near liquid cash reserve
D) is a form of risk transfer
C
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In the business market, small sellers concentrate on reaching as many participants as possible because their chances of success are slim
Indicate whether the statement is true or false
In queueing models, if the service rate forms a Poisson distribution, then the service times have a ______ distribution.
A. binomial B. positive exponential C. Poisson D. negative exponential
When examining the contributions to the study of Organizational Behavior, the "unit of analysis" associated with psychology is ________.
A. individual B. organization C. group D. team
An insurance contract is NOT considered to be an illegal form of "wagering" because
A. one must have an insurable interest in the person being insured. B. insurance contracts are underwritten by reputable companies. C. insurance activities are regulated by the state department of insurance. D. the money being paid out comes from premiums collected over time.