Which statement about risk management techniques is true?
I. Using retention limits the liability of the firm to a specified amount.
II. Risk transfer can be more expensive than risk retention.
(a) I only
(b) II only
(c) both I and II
(d) neither I nor I
Ans: (b) II only
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A manufacturer of products is only liable for injury arising from defects in the products to those
persons which whom it has a contract for the sale of the products. Indicate whether the statement is true or false
Dillon's boss criticizes him again with the statement, "I think my 12-year-old niece would do a better job updating our site." To best resolve the conflict, what response should Dillon make?
A) "I want to improve our Web site. In what specific way would your niece do a better job?" B) "Back off please. Bullying a subordinate is a human rights violation." C) "I doubt it. I once met your niece at a company picnic, and she gave me the impression of being a little dull." D) "You may be the boss. But one more insult and I quit."