A principal is not liable for ____________________ committed by an agent

People applying for an adjuster license must demonstrate that they are trustworthy and competent. Which of the following is the method most often utilized to demonstrate competence?

a. By reaching the age of 21, as reaching the age of 18 is not considered to be "adulthood" by most Insurance Departments. b. By reaching the age of 18, proving that competent adulthood has been attained. c. By passing the prescribed state licensing examination. d. By receiving a high school diploma or GED equivalent.

As inventory draws down, management must know at what stock level to request additional stock. This stock level is called the ________

A) reorder point B) least fixed point C) point of divergence D) inflection point E) critical point