Which of the following terms refers to a contribution by those jointly involved in a maritime venture to make good the loss by one of them for his voluntary sacrifice of a part of the ship or cargo to save the residue of the property and the lives on
board, or for the extraordinary expenses necessarily incurred for the benefit and safety of all?
A. dead freight
B. maritime lien
C. general average
D. particular average
C
Business
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Which of the following is used to bring a standardized insurance form into compliance with state laws?
a. Reinsurance. b. State-specific underwriting. c. Endorsements. d. Executory contracts.
Business
In the zero-based forecasting method, each successive level in the organization, starting with the lowest, forecasts its requirements, ultimately providing an aggregate forecast of employees needed
Indicate whether this statement is true or false.
Business