Part One of the standard workers' compensation policy describes:
A. The insurers' duty to pay promptly when due, the benefits required of the employer by the workers' compensation statute.
B. Those situations in which an injured worker can sue the insured
C. The coverage in the states where an insured's operations are known to exist and are designated in the policy
D. The insured's duties in the event of injury.
Ans: A. The insurers' duty to pay promptly when due, the benefits required of the employer by the workers' compensation statute.
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When benchmarking,
a. the best levels of performance are usually found in companies that are within different industries. b. finding appropriate benchmarks is a minor issue. c. comparisons can highlight areas for better future cost management. d. both (a) and (c) are true.
In monitoring sales in market tests, it is important to recognize that a large percentage of first-year factory sales represents:
A) sales to final customers. B) one-time stocking up by channels of distribution. C) increased growth of the product category. D) increased growth of the product type.