Cybil is insured under a key-person life insurance policy owned by Delta Corporation and then quits her job. Which of the following statements is NOT correct?
A) Cybil can convert the policy to an individual policy.
B) Delta can surrender the policy for cash.
C) Delta can keep the policy in force.
D) Delta can assign the policy."
Ans: A) Cybil can convert the policy to an individual policy.
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One of the options in a product-management organization is to eliminate product manager positions for minor products and assign two or more products to each remaining manager. Under what conditions is this alternative feasible?
A) when the product mix is highly diverse B) when there are very few products in the company's portfolio C) when two or more products serve a similar set of needs D) when customers fall into different user groups E) when the company produces many products for many markets
Transforming into a true market-driven company requires organizing around ________
A) sales B) customer segments C) products D) functions E) brands