Robert increases the deductible on his car insurance policy from $500 to $1,000. By doing so he can reduce his car insurance premium by $75 each month. Which of the four ways to managing risk is Robert practicing by increasing his deductible?
A) Avoidance
B) Reduction
C) Assumption
D) Shifting
E) None of the answers are correct
C) Assumption
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During the introduction stage of a successful product,
A. more competitors enter the market, driving prices down and creating the need for heavy promotional expenses. B. a typical marketing strategy seeks to position the product favorably against aggressive competitors through emphasizing product benefits. C. the initial product price may have to be high to recoup expensive marketing research or development costs, which can depress sales. D. competitors emphasize improvements and differences in their versions of the product. E. advertising messages may focus on differentiating a brand from the field of competitors.
One problem with the Address Verification System (AVS) for fraud prevention is the number of false positives, meaning that the merchant rejects a valid order
Indicate whether the statement is true or false
Which of the following statements by managers reflects a recognition of contingencies?
A) "If my employees work hard, I'm friendly. If not, I crack down." B) "We took a real chance building the plant in that location." C) "The customer is always right." D) "Those engineers should get out into the real world once in a while." E) "I always try to treat the union steward with courtesy."
Some performance outcomes that have been used to evaluate team effectiveness are innovation, efficiency, quality, and employee satisfaction
a. True b. False Indicate whether the statement is true or false