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.
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
QUESTION While bargaining over the workplace safety issue, which of the following strategies is most beneficial in keeping the process moving ahead in good faith? A) Be aware that each side needs to show that it has obtained important concessions. B) Be as flexible as possible with the objectives behind each bargaining move. C) Warn […]
Date: September 3rd, 2020
QUESTION A large automobile manufacturer was forced to shut down for six days because of a long-term blackout in town, but insurance covered income loss and expenses. That means the company had business-interruption service. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Business-interruption insurance covers loss of income and expenses […]
Date: September 3rd, 2020
QUESTION The impasse continues, and the UFCW threatens to call a strike during the high-demand period of spring. What is the most prudent response that management could use to try to overcome the breakdown in negotiations? A) Institute proceedings to decertify the union’s right to bargain at the greenhouse. B) Run the greenhouse for several […]
Date: September 3rd, 2020
QUESTION The union election results in approval of the union; however, Texas is a right-to-work state. Which of the following issues does the UFCW have the power to discuss during collective bargaining? A) requiring new employees to be American citizens and speak fluent English B) requiring that greenhouse materials be purchased from facilities represented by […]
Date: September 3rd, 2020
QUESTION It quickly becomes apparent that there is no medical consensus over whether the disputed pesticide causes long-term medical effects when used according to directions. Management, therefore, does not want to discontinue use of the pesticide as replacing it would be costly; however, it proposes to provide more detailed instructions to avoid misuse of the […]
Date: September 3rd, 2020
