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 […]
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 […]
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.
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.
QUESTION To help them avoid unionization, companies employ many different strategies. One of them is that they have adopted two-tier pay scales, in which veteran employees make more than new employees. What is the system that the two-tier system replaced? What will be an ideal response? ANSWER Answer: The two-tier system replaced pattern bargaining, […]
QUESTION Insurable interest means that the policyholder must demonstrate that he or she stands to suffer a loss from the specific risk that is being insured. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: You must have a direct interest in the matter that you want to insure.
QUESTION The Plano greenhouse workers produce authorization cards from a majority of current employees and petition for an election. Which of the following is an appropriate and prudent move by management to discourage its workers to vote in favor of joining the union? A) Prohibit distribution of pro-union flyers in snack bars and other nonwork […]
QUESTION Wen owned a fabric-making business. The building and its contents were valued at $500,000. Wen also owned the property on which the building sat. It was valued at an additional $200,000. When the building was struck by lightning and burned to the ground, Wen’s insurance company sent him a check for $500,000. Wen wrote […]
QUESTION Prompted by UFCW representatives, members of the Florabunda workers’ organizing committee develop a campaign to encourage fellow workers to support unionization. Which of the following strategies would be most effective in building support for their effort? A) Post pro-union posters and flyers in public places. B) Focus on specific workplace issues that have been […]
QUESTION Risk management is the process of protecting a company’s assets and earning power by reducing or avoiding the threats posed by speculative risks. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Risk management is the process of protecting a company’s assets and earning power by reducing or avoiding the […]
