Given the requisites of risk pooling, which of the following exposures would make the best subject of a profitable insurance pool? Assume a premium appropriate to the exposure is charged and analyze the exposure from the insurer's standpoint
A) Insuring all the lives of college seniors in the U.S. for $10,000 each, without an initial medical exam
B) Insuring college students against their GPA falling below a 3.0
C) Insuring all the dorms on a single college campus against property damage
D) Insuring students against the theft or disappearance of textbooks
A
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The owner of a grocery store wants to have non-food items delivered, priced, displayed, and inventoried by a wholesaler. Which type of wholesaler best fits the owner's needs?
A) drop shipper B) cash-and-carry wholesaler C) truck jobber D) rack jobber E) mail-order wholesaler
According to the critical industrial relations perspective, the answer to "the labor problem" is:
A. New management methods B. Union representation C. Free market supply and demand D. Social unrest and agitation that will lead to worker control
The phenomenon called "multiple internal rates of return" arises when two or more mutually exclusive projects that have different lives are compared to one another.
Answer the following statement true (T) or false (F)
A single channel single server system requires that the ________ rate be larger than the ________ rate
Fill in the blank with the appropriate word.