After comparing policies for the last 3 months, Carol has finally found a health insurance policy that she would like to purchase. When Carol submits the application with the initial premium,
A) the insurance company cannot make a counteroffer
B) Carol has made an offer that the insurance company can accept or reject
C) Carol cannot rescind the offer once made
D) the insurance company can make an offer by issuing the policy"
Ans: B) Carol has made an offer that the insurance company can accept or reject
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An operating characteristics curve shows:
A) upper and lower product specifications. B) product quality under different manufacturing conditions. C) how the probability of accepting a lot varies with the population percent defective. D) when product specifications don't match process control limits. E) how operations affect certain characteristics of a product.
Firms can predict job performance and employee tenure by analyzing job application information, such as travel experience and education level
Indicate whether this statement is true or false.