Smith and Jones Insurance has totally revised its individual health insurance policy. Tamika likes the coverage she already has and is concerned about the changes. She contacts the producer who sold her the policy, who tells her that
A) she has 6 months to accept the new policy
B) rising health care costs have necessitated the changes, and her policy is still the best coverage available
C) under the entire contract provision of her policy, the company has the right to make changes with 30 days' notice
D) her policy will not be affected by the changes
Ans: D) her policy will not be affected by the changes
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A __________ is everything, both favorable and unfavorable, that a person receives in an exchange
Fill in the blank(s) with the appropriate word(s).
A firm is most likely to favor foreign direct investment over exporting when:
A. the firm wants its technological know-how to be widely disseminated. B. the firm wishes to maintain control over its operations and business strategy. C. the transportation costs are low. D. there are no trade barriers. E. the firm wants to customize its products as per the tastes and preferences of foreign consumers.