Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?I. High-frequency, low-severity loss exposures II. Low-frequency, high-severity loss exposures
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Which of the following is an example of the planning function of the budgeting process?
A) A budget demands integrated input from different business units and functions. B) Employees are motivated to achieve the goals set by the budget. C) Budget figures are used to evaluate the performance of managers. D) The budget outlines a specific course of action for the coming period.
The most commonly used methods in evaluation of capital investment proposals are net present value method, payback period method, and the accounting rate-of-return method
Indicate whether the statement is true or false
Linear programming is usually used by managers involved in portfolio selection to
A) maximize return on investment. B) maximize investment limitations. C) maximize risk. D) minimize risk. E) minimize expected return on investment.
Briefly describe the concept of organizational development.
What will be an ideal response?