Which of the following statements about the expected average loss is not correct?
A) The average loss is guaranteed to happen in the upcoming year.
B) The average loss will be expressed in dollars.
C) The average loss is a tool for risk managers to handle future risks.
D) The average loss can be estimated by multiplying the average loss severity with the average loss frequency.
A
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Harley-Davidson has applied for federal protection of an unusual form of intellectual property; the "soul-pleasing rumble" produced by its motorcycles. What type of protection is Harley-Davidson seeking?
A) copyright B) trademark C) license D) patent E) trade dress
Which of the following is an example of a specific purpose for a communication?
A) "Let's set up a meeting next week to discuss staffing." B) "I would like to set up a meeting Tuesday at 10:00 to get approval to hire an addition to staff." C) "I would like to talk to you about our staffing shortage." D) "Are you free to meet on Tuesday for a while?" E) "I would like to hire a few more people. When are you free to talk?"