The managerial system is a distribution system for property and liability insurance.

A sales executive makes decisions based upon what her boss says is right; this person is at the principled level of moral development.

a. true b. false

Contracts that are so grossly unfair that they offend the public conscience will typically not be enforced by the courts and are referred to as:

A. unconscionable contracts B. unfair defeasance contracts C. good conscience contracts D. poor judgement contracts