Since all life insurance companies are determining rates for the same risk, death, there is little variation in cost among similar life insurance contracts.
a. true
b. false
Answer: b. false
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Phone Tech, a global phone company, frequently needs to respond quickly to the fast-changing consumer tastes with its phones. Therefore, management has fewer rules and procedures than most organizations, and networks of employees are encouraged to cooperate and respond quickly to unexpected tasks and changes in technology. Phone Tech is utilizing a(n) ________ structure.
a. mechanistic b. inflexible c. hierarchical d. inelastic e. organic
Following the formation of a corporation, which of the following terms best describes the process by which the promoter is released from, and the corporation is made liable for, preincorporation contractual obligations?
A. Assignment. B. Novation. C. Delegation. D. Accord and satisfaction.