Terrorists attacked the World Trade Center on September 11, 2001
The attack simultaneously created large losses for life insurers, property insurers, workers compensation insurers, health insurers, and liability insurers. What name is given to an event that simultaneously creates large losses in several lines of insurance?
A) speculative loss
B) clash loss
C) retroactive loss
D) consequential loss
Answer: B
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Four hundred and eighty minutes of production time are available per day. The schedule calls for the production of 80 units per day. Each unit of the product requires 30 minutes of work. What is the theoretical minimum number of workstations?
A) 2 B) 3 C) 4 D) 5 E) 6
There is no beginning inventory. What are the net requirements in week 4 if there is a scheduled receipt of 100 units each week and a two week production lead time?
1 2 3 4 5 Gross Requirements 500 450 400 500 300 Scheduled receipts 100 100 100 100 100 Projected ending Inventory Net Requirements Planned Receipts 450 400 300 300 Planned Orders 300 300 A) 250 B) 300 C) 350 D) 400