Which of the following statements is TRUE?
A) Insurance shifts the risk of loss from an insured person to the insurer.
B) Insurance distributes the costs of accidents from individuals to large groups.
C) An insurer's profits are derived from the accuracy of its predictions of the frequency and costs of accidents and other insured events.
D) Both A and B
E) All of the above
E
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Walmart is classified as an off-price retailer.
Answer the following statement true (T) or false (F)
Usually specific authorization is required for all of the following except
a. sales on account which exceed the credit limit b. sales of goods at the list price c. a cash refund for goods returned without a receipt d. write off of an uncollectible account receivable
According to the Economic Espionage Act, ________
A) persons who have reverse engineered a trade secret can use that trade secret, and the related trademark B) the rights to a trade secret will have to be renewed after a specified period of time C) trade secrets can be shared for a limited amount of time D) it is a federal crime to steal another's trade secret
How do the three types of corporate political strategies differ from each other?
What will be an ideal response?