All of the following statements about risk retention are true EXCEPT
A) It may be used intentionally if commercial insurance is unavailable.
B) It may be used passively because of ignorance.
C) Its use is most appropriate for low-frequency, high-severity types of risks.
D) Its use results in cost savings if losses are less than the cost of insurance.
Answer: C
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The role of a relatively high-priced brand in the portfolio is often to attract customers to the brand franchise or to "build traffic"
Indicate whether the statement is true or false
Collecting information that is made available to multiple subscribers in standardized form would be characteristic of:
A) a syndicated data service firm B) an internal supplier firm C) customized process firms D) syndicated services firms E) a standardized service firm
The Blake Mouton Grid, which was an extension of the results published from the Ohio State studies, plots ______.
A. concern for motivation and concern for leadership B. concern for planning and concern for organizing C. concern for influencing and concern for communicating D. concern for production and concern for people
Which of the following forms of business organization has the greatest ability to attract new
capital? A) sole proprietorship B) general partnership C) limited partnership D) corporation