Which of the following statements regarding a producer's authority is NOT correct?
A) An agent's apparent authority may be binding on an insurer under the law of agency.
B) Advising an applicant to answer certain questions in a manner in order to pass underwriting is an example of apparent authority.
C) Reviewing a prospective applicant's insurance program and recommending the purchase of a particular product is an example of implied authority.
D) Soliciting and negotiating insurance contracts on the company's behalf are considered part of an agent's express authority."
Ans: B) Advising an applicant to answer certain questions in a manner in order to pass underwriting is an example of apparent authority.
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Which of the following would a defender of globalization most likely use as an example to argue that concerns of Americanization are overblown and that globalization is indeed a two-way street?
A) the view of McDonald's being a domestic brand in China B) the growing popularity of coffee in China since the introduction of Starbucks C) the growing number of IKEA furniture stores in the United States D) the initial failure of Disneyland Paris E) the anti-globalization protests aimed at KFC
What is the key rule for using quotes in a news release?
A) Avoid quotes; they are too controversial. B) Include quotes but make them count. C) Include quotes only from top officials. D) Always favor indirect over partial quotes.