QUESTION Copayments are fixed fees that subscribers must pay for the use of specific medical services. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Copayments must be paid by the subscriber at the time of service.
Date: September 3rd, 2020
QUESTION Which type of public insurance are people required to carry? A) crop insurance B) crime insurance C) flood insurance D) social security insurance E) nuclear accident insurance ANSWER Answer: D Explanation: D) Most working Americans (and their employers) are required to pay into Social Security, which is a federal social insurance program that […]
Date: September 3rd, 2020
QUESTION Which kind of company would be least likely to purchase the pure-risk coverage of green insurance? A) contractors B) energy auditors C) oil companies D) hotels E) recycling companies ANSWER Answer: C Explanation: C) Green insurance is insurance in which a green contractor who builds a home out of recycled old beams and […]
Date: September 3rd, 2020
QUESTION Which of the following is an example of pure risk? A) Clayton purchased $200,000 worth of flood insurance for his fencing club that is located on the banks of a river. B) Rory went to a vanity publisher and paid for 5,000 copies of her novel to be printed. The books are in her […]
Date: September 3rd, 2020
QUESTION Which of the following is the LEAST appropriate way to engage in offshoring operations? A) Choose offshoring companies and suppliers in which candidates meet a complete set of requirements. B) Commit to consistently effective communication with offshore suppliers. C) Collaborate with chosen suppliers so as to develop their competencies. D) Give offshore suppliers as […]
Date: September 3rd, 2020
QUESTION Which of the following is the LEAST appropriate way for the company to get its current employees on board with the offshoring plan? A) Carefully plan offshoring so as maintain the company’s core competencies. B) Redeploy any laid-off workers to other positions in the company or to other companies. C) Inform middle managers that […]
Date: September 3rd, 2020
QUESTION With which of the following statements would Granger and Harrison both agree? A) Outsourcing has the potential to cause large-scale shifts in the world economy. B) Outsourcing does not lead to any job loss for workers in developed economies. C) Outsourcing leads to net improvements in the world economy. D) Outsourcing leads to loss […]
Date: September 3rd, 2020
QUESTION Which of the following is the central issue between Granger and Harrison? A) whether outsourcing is a viable way for companies to improve their bottom line B) whether outsourcing is in the long-term interest of companies in developed economies C) whether U.S. companies can find competent business partners domestically D) whether offshore companies can […]
Date: September 3rd, 2020
QUESTION Risk is uncertainty about the chance of loss or the amount of possible loss. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Undergoing something that is inherently risky entails the possibility that loss will occur.
Date: September 3rd, 2020
QUESTION Actuarial tables are calculations of the number of specific events that have occurred in past years. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Actuarial tables are calculations of the number of specific events that are predicted to occur in a future year.
Date: September 3rd, 2020
