Which statement is true about the conditions section of an insurance policy?
I. It contains a description of the property or life that is insured. (explains declarations)
II. It explains what types of perils, losses, and property are not covered under the contract. (explains exclusions)
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II
Ans: (d) neither I nor II
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The purpose of using an initial screening of applicants is to
a. take a more in-depth look at applicants before making the final selection. b. provide feedback to applicants about their chances of getting the job. c. eliminate the candidates who don't fit the demographic requirements. d. decide which candidates should receive further consideration.
Which type of compensation would most likely be given in a unionized firm?
A) Merit pay B) Performance-based pay C) Profit sharing D) Lump-sum bonuses