The unit of measurement used in property and casualty insurance pricing is called the
A) unit rate.
B) premium.
C) exposure unit.
D) experience unit.
Answer: C
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When a company introduces a product at a high price and then gradually drops the price over time, it is pursuing a ________ strategy
A) market-penetration pricing B) market-skimming pricing C) value-pricing D) switching cost E) loss-leader pricing
Speakers are able to narrow the goals of a presentation as they articulate the topic, general purpose, and specific purpose. Provide a sample topic, general purpose, and specific purpose for a speech having to do with college students' nutrition.
What will be an ideal response?
The efficient and successful use of technology is critically important to the success of ________ teams.
A. problem-solving B. virtual C. cross-functional D. self-managed
Which of the following statements about cognitive limits of organizational decision makers is true?
A) Only top managers make decisions where cognitive limits are strained. B) The most talented and effective managers do not have cognitive limitations. C) All organizational decision-making requires data beyond human cognitive limits. D) Cognitive limits affect both the recall and use of data by decision makers.