Logistics is the activity that controls the _____.
A. transmission of physical materials through the value chain
B. customer contact points of a business
C. activities involved in creating a product
D. information exchange between a business and its customers
Answer: A. transmission of physical materials through the value chain
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Paula Hillison sells a line of copy machines that feature a "quick change" toner cartridge. The empty toner cartridge can be replaced quickly, without any mess, in a matter of seconds
Which of the following statements represents the most effective presentation of this feature? A) "We have recently developed the only office copy machine that features a quick change toner cartridge." B) "After years of research and development, our engineers have developed a quick change toner cartridge." C) "If you purchase one of our copy machines, you will enjoy the benefits of a quick change toner cartridge." D) "All of our copy machines are equipped with a quick change toner cartridge, which means you no longer waste time replacing an empty toner cartridge." E) "We have set a new industry standard with the quick change toner cartridge."
If insurers were to provide indemnification for losses that were deliberately caused, which characteristic of ideally insurable risks would not be met?
A) The loss must be accidental and unintentional. B) The loss must be determinable and measurable. C) The loss should not be catastrophic. D) There must be a large number of similar exposure units.