Utilization will always be lower than efficiency because:
A) effective capacity is less than design capacity.
B) effective capacity is greater than design capacity.
C) effective capacity equals design capacity.
D) expected output is less than actual output.
E) expected output is less than rated capacity.
A
Business
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Fill in the blank(s) with the appropriate word(s).
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What is involved when a life insurance policy has been backdated?
A) Setting a policy's effective date prior to a preexisting condition B) Redating a policy after it has been issued C) Reinstating a lapsed policy D) Making the policy effective on an earlier date than the present
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