The principle of utmost good faith:
A) holds the insurer to a higher standard of honesty
B) does not apply in life insurance
C) holds the insured to a higher standard of honesty
D) requires the insurer and insured to enter the contract with utmost good faith
C
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An information- and communication-based electronic exchange environment mostly occupied by sophisticated computer and telecommunications technologies and digitized offerings is referred to as ________.
A. marketspace B. Internet marketing C. electronic commerce D. marketplace E. e-exchange
Under the UCC, title to goods can pass before the goods come into existence
Indicate whether the statement is true or false
Periodic review inventory systems
a. are less subject to stockouts than corresponding continuous review systems. b. require larger safety stock levels than corresponding continuous review systems. c. have constant order quantities. d. make the coordination of orders for multiple products more difficult.
Identify and discuss the four categories of technology in terms of their competitive value. Give an example for each.
What will be an ideal response?