A plan that identifies the allocated resources, the project's goals, and the schedule that allows an organization to achieve those goals is:

A) The work breakdown structure.
B) The risk management plan.
C) The statement of work.
D) The project budget.

D

Business

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The local franchise of a national bar and grill chain continued to serve a drunk customer. The drunk customer tried to drive home

He hit and killed two people who were riding bicycles. The representatives of those who were killed filed a lawsuit against the national chain. As jury awards in the area where the incident occurred are high, insurers selling liquor liability insurance refused to issue new coverage until the case was resolved. Because no admitted insurers sell the coverage, liquor liability insurance in this case is considered a(n) A) residual line. B) mandatory coverage. C) orphan policy. D) surplus line.

Business

A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called

A) a reinsurance pool. B) automatic treaty reinsurance. C) retrocession. D) facultative reinsurance.

Business