) A commitment by an insurance company to cover credit repayments under adverse conditions such as accident or illness is called

A) accident insurance.
B) credit insurance.
C) health insurance.
D) unemployment insurance.

Answer: B

Business

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Which of the following is a strategic step taken to increase a firm's probability of exporting successfully?

A. Avoiding the use of export management companies to contain costs B. Entering several markets simultaneously to hedge risk C. Entering a foreign market on a small scale D. Waiting for export opportunities E. Avoiding recruitment of local personnel

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The first meeting of the board of directors after the bylaws are filed is called the:

A) Initiation meeting. B) Novation meeting. C) Organizational meeting. D) Adoption meeting. E) Promoters' meeting.

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