Which of the following statements about Medigap policies is (are) true?
I. Insurers are required to have an open enrollment period of 6 months from the date an applicant first enrolls in Medicare Part B and is age 65 or older.
II. Most policies are of limited value because they largely duplicate benefits already provided by Medicare.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following basic ethical concepts plays an important role in defining privacy?
A. responsibility B. accountability C. liability D. due process
Perceived risk levels vary only slightly among consumers
Indicate whether the statement is true or false
Which of the following fields of business analytics uses past data to create models that predict the future?
a. Databases and data warehouses b. Descriptive analytics c. Predictive analytics d. Prescriptive analytics
If Anna Laura, in return for the payment of $200 to her by Catherine, gives Catherine an option to buy Jesse, a prime Arabian mare, at any time within the next 14 days at a price of $50,000, Anna Laura's offer to Catherine is:
a. a revocable option contract. b. an irrevocable output contract. c. irrevocable for the 14 days covered by the option. d. a requirements contract.