Policies serve as guidelines to action
a. that still allow for some interpretation.
b. that must be followed quite strictly.
c. for workers below the top-management level.
d. mostly in the areas of finance and human resources.
Ans: a. that still allow for some interpretation.
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Underwriting risk faced by property-casualty insurance companies may result from unexpected
A. increases in loss rates. B. decreases in loss adjustment expenses. C. increases in investment yields. D. cancellations of policies by customers. E. increases in policy premiums.
A market nicher is considered to be a(n) ________ specialist if the firm specializes in producing a certain type of product or product feature such as, Rent-a-Wreck, that rents only "beat-up" cars
A) end-user B) vertical-level C) customer-size D) channel E) product-feature