To deal with the increasingly international business scene, most countries have moved away from a "grab" theory of bankruptcy jurisdiction that gave control of assets to whichever bankruptcy court got control first to a(n) approach

a. "partial universalism" b. "real universalism"
c. "modified universalism" d. "universal grab"
e. "modified specific"

c

Business

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Being able to keep costs low while changing the volume of production is an example of

a) Simplicity b) Flexibility c) Visibility d) Continuous improvement e) Total quality management

Business

Which of the following situations would NOT be considered an unfair claim settlement practice according to the NAIC Model Act?

a. Settling a claim for an amount that was less than the insurance advertisement given to the insured indicated at the time of the insurance application. b. Issuing a denial of claim before conducting a reasonable investigation. c. Binders Keepers Insurance routinely fails to acknowledge pertinent communications regarding claims within the time frame required by state law. d. Indemnify Insurance pays thousands of claims per year, but on two of those claims they failed to accept or deny the claim within the time frame required by state law.

Business