When Harry sells his car to his brother, Nate, he transfers his auto insurance policy to him as well. Harry's insurer will
A) accept this process as long as Harry receives appropriate consideration from Nate
B) disallow the process because auto insurance is a personal contract
C) disallow this process because auto insurance is a valued contract
D) allow this process as long as Nate is insurable"
Ans: B) disallow the process because auto insurance is a personal contract
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3M, an American firm, manufactures adhesive tapes in St. Paul, Minnesota, and ships the tapes to South Korea for sale. According to this information, which of the following is being done by 3M?
A. Exporting B. Licensing C. Franchising D. Insourcing E. Outsourcing
The cost of fixing defective units found during the quality inspections would be classified as what type of cost?
A) Prevention cost B) Appraisal cost C) External failure cost D) Internal failure cost