Which of the following is true of insurance?
A. An insurance company only charges a fee for large businesses with over 100 employees.
B. All risks are insurable.
C. The insurance company makes a profit by collecting premiums from many businesses for the same set of risks.
D. Insurance companies make profits by requiring a relatively large fee compared to the amount of loss that is possible.
Answer: C
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Which of the following practices is unnecessary when writing a memo?
A. Omitting courtesy titles and salutations on the memo B. Placing the distribution list at the end of the memo C. Typing the guide words in the memo in all-capital letters D. Typing or signing full name at the end of the memo
Your objective is to convey the bad news and retain the reader's goodwill
Indicate whether the statement is true or false
According to Path-Goal Theory, leaders who provide emotional support
a. can boost the confidence of employees that they can achieve the challenging goals or learn the new job b. help employees believe that the leaders are looking out for them and will reward them fairly c. help by making an otherwise boring job more fun by having office parties and other morale boosting activities d. all of the above
Marcus Corporation currently sells 150,000 units a year at a price of $4.00 a unit. Its variable costs are approximately 30% of sales, and its fixed operating costs amount to 50% of revenues at its current output level. Although fixed costs are based on revenues at the current output level, the cost level is fixed. Which of the following is Marcus's degree of operating leverage (DOL) at sales equal to 150,000 units??
A. ?1.0× B. ?2.2× C. ?3.5× D. ?4.0× E. ?5.0×