Which of the following statements concerning the proposed optional federal charter for life insurers is (are) true?
I. Large insurers operating in many states would more likely prefer a state charter while smaller, regional, insurers would more likely choose a federal charter.
II. Proponents of the federal charter argue that it would speed the development and approval of new products.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Jin moves into a neighborhood in Philadelphia and opens a repair shop. He is harassed by the local gang leader who wants to extort money from him. He promises to pay Sheng, a police officer whose patrol includes Jin's store, $50 a week to "keep an eye on the store" while walking his patrol. Which of the following statements is true of this situation?
A. Sheng's promises toward Jin are not consideration. B. The cop can sue Jin for not keeping his promise of paying $50 per week. C. Jin's promise is enforceable. D. Jin is the promisee and Sheng is the promisor.
Monsanto operates in many markets including pharmaceuticals and food products. The company defines its ________ as creating "abundant food and a healthy environment."
A) strategy B) marketing development C) business portfolio D) value-delivery network E) mission
Cradle to grave is a community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable.
Answer the following statement true (T) or false (F)
Habitat for Humanity
a. has eliminated direct mailings to donors and uses only electronic communication. b. relies on donor gifts of time, talent, and money. c. expects each donor to contribute both time and resources. d. uses a single method to persuade donors to contribute.