Prior to passage of the Affordable Care Act, insurers could go back to the date a health insurance policy became effective and render the policy void due to a clerical error
This practice, which is prohibited under the Affordable Care Act except in cases of fraud or intentional misrepresentation of a material fact, is called
A) estoppel.
B) retention.
C) rescission.
D) reformation.
Answer: C
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Gasoline is the only commonly purchased product that is priced down to a fraction of a cent. This is the case because buying gasoline is a low-involvement activity, which makes point-of-purchase factors more important
Indicate whether the statement is true or false
System efficiency is the extent to which a system ________
A) allows firms to reach their operational targets B) allows people to plan tasks that are achievable C) enables people to accomplish goals or tasks well D) enables people to do things faster or at lower cost E) allows employees to reduce the risks associated with tasks