Factors a risk manager must consider in selecting an insurer include which of the following? I. The availability of risk management services II. The financial strength of the insurer
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Which of the following is NOT a fraud symptom related to internal control weaknesses?
a. Lack of segregation of duties b. Lack of physical safeguards c. Inadequate accounting system d. Lack of proper authorization e. Excessive turnover of executives
______ is a short-term time series forecasting method in which forecasters assign more weight to most recent values in the time series if they feel that these values reflect how the actual demand will behave in the near future.
A. Moving average B. Linear trend multiplicative method C. Weighted moving average D. Linear regression technique
In response to an allowable claim made by a customer to a firm, a(n) _____ letter is usually sent by the firm to the customer
Fill in the blank(s) with correct word
Seth told the salesperson at Outdoor Times that he wanted the sleeping bag that was advertised in the Sunday paper; one that would keep him comfortable if the temperature drops to 10 degrees Fahrenheit. The salesperson told Seth they were sold out of that bag, but there were two other styles that would meet his needs and were the same price. Seth insisted he wanted the advertised bag and
threatened to sue for breach of contract. Which is true? a. Outdoor Times is guilty of "bait and swap.". b. Seth will prevail in his case, as Outdoor Times is responsible for having sufficient stock of advertised items. c. Seth will not prevail, as the advertisement was simply a request for offers. d. Outdoor Times must provide Seth with a raincheck, ensuring he can buy the same bag at the sales price at a later date.