Which statement(s) is (are) true with regard to insurance?
I. It involves the pooling of fortuitous losses
II. It involves transfer of risk and indemnification of loss.
(a) I only
(b) II only
(c) both I and I
(d) neither I nor II
Ans: (c) both I and I
Business
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What is a multisource assessment system and what are the sources typically used? What are the strengths and limitations of each rating source?
What will be an ideal response?
Business
Which of the following is most likely true about employee separations?
A) Salary savings often outweigh other separation costs. B) Innovation declines as people take their ideas with them. C) The best workers tend to quit, so workforce quality declines over time. D) Most separations are due to unfair employment practices by the employer.
Business