What are self-insurance and risk transfer?
What will be an ideal response?
Answer: Self-insurance is the practice in which a company sets aside money to cover losses with its own funds. Risk transfer is the practice whereby a company transfers its risk to an insurance company in return for a fee.
Explanation: Most companies supplement their self-insurance with special insurance policies ("catastrophic" policies) to cover large losses.
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If in test marketing a new product, the researcher ensures that the product is positioned in the correct aisle in each store and obtains the right level of store acceptance and all commodity volume distribution, more than likely, the researcher used
________ to help control for extraneous variables. A) design control B) statistical control C) randomization D) matching
Which of the following is an example of an employer de-skilling a job to make it possible for lower-skilled workers to enter the workforce?
A) Burger King paying above the minimum wage B) Walmart offering succession training programs C) McDonald's using pictures on cash register keys D) Target hiring seasonal employees at its warehouses