QUESTION Which of the following best supports the claim that charging PMI is fair to homebuyers? A) In some circumstances, PMI charges can be tax-deductible. B) Homebuyers who are charged PMI and are at risk of defaulting could typically pay for PMI by spending less on entertainment or luxury items. C) The risks of loan […]
QUESTION Based on the information above, the marketing critic and the marketing professional disagree about which of the following propositions? A) Does private mortgage insurance guarantee that only financially prudent homebuyers will be able to buy homes? B) Is private mortgage insurance the best example in the housing industry of an unfair charge? C) Is […]
QUESTION Which of the following principles most strongly justifies the HR representative’s position? A) Equitable employee compensation is a matter of opinion and cannot be proven one way or another. B) Employee compensation tied to performance is more equitable than employee performance tied to years of service. C) Employee compensation is reasonable if it increases […]
QUESTION Which of the following, if true, supports the employee’s complaint against HR? A) The company has more employees this year than it did last year. B) The benefits package offered by the company is less than the industry average. C) The benefits package offered by the company is greater than the industry average. D) […]
QUESTION Which of the following, if true, strengthens the case for Tyrell & Mason to offer a PPO insurance plan to its employees? A) Most of Tyrell & Mason’s employees place a low priority on healthcare. B) Most of Tyrell & Mason’s employees would appreciate as much flexibility as possible in their healthcare decisions. C) […]
QUESTION Which of the following is at issue between the employee and the HR representative? A) whether the cost of living has gone up B) the amount of scheduled raises for employees C) whether employees are adequately compensated D) how well the company has done in the past year E) the salaries that employees currently […]
QUESTION What are the three options for insurance for home-based businesses? What will be an ideal response? ANSWER Answer: (1) Add a rider or endorsement to your renter’s or homeowner’s insurance policy. (2) Get a home office policy (HOP), a combination of a homeowner’s policy and a business insurance that eliminates duplicate coverage or […]
QUESTION What is reinsurance? What will be an ideal response? ANSWER Answer: Reinsurance is when a general insurer shares the risks and premiums associated with a specific policy with another company, the reinsurer. Explanation: Insurers can’t survive unless they spread their risks over many policyholders.
QUESTION Which of the following is NOT a benefit provided by workers’ compensation insurance? A) medical care B) benefits to survivors of workers who die of work-related injuries C) rehabilitation services D) financial benefits E) unemployment benefits ANSWER Answer: E Explanation: E) Workers’ compensation insurance provides financial benefits as well as coverage of medical […]
QUESTION Does health insurance involve pure risk or speculative risk for the insured? Explain. What will be an ideal response? ANSWER Answer: Health insurance involves pure risk for the insured. Pure risk involves a chance for either loss or no loss; there is no possibility of gain. The insured pay their premiums whether they […]
