Which of the following is a basic characteristic of insurance?
A) pooling of losses
B) avoidance of risk
C) payment of intentional losses
D) certainty about specific losses that will occur
Answer: A
Business
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Concession-making requires that each side relax some of its demands to meet the other party's needs. Concession making is rare in international negotiation.
a. true b. false
Business
When companies are evaluating their ethics and social responsibility, they must balance the different stakeholders. Which of the following is a way that companies encourage ethical behavior by employees?
a. Perform background checks on incoming employees. b. Monitor employee emails and phone calls. c. Inviting shareholders into factories for inspection. d. None of the statements are correct.
Business