The first step in the election process to attain union certification is to ________
a. conduct an internal secret-ballot election to assess the level of support before filing a representation petition
b. investigate the background of the voters
c. file a representation petition at the office of the appropriate regional director
d. obtain a list of eligible voters' names and addresses from the employer
Ans: c. file a representation petition at the office of the appropriate regional director
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a. true b. false
JKL Insurance Company estimates that 14 out of every 100 homeowners it insures will file a claim each year. Last year, JKL insured 200 homeowners
According to the law of large numbers, what should happen if JKL insures 2,000 homeowners this year? A) The total number of claims filed by JKL policyowners should decrease. B) The total dollar value of claims will decrease. C) The average size of loss will decline in value. D) The actual results will more closely approach the expected results.