One key advantage to external recruiting is that hiring risks are minimized because job applicants are already known and are familiar with the organization.

When a corporation needs a larger amount of money than is possible by borrowing from one lender, or it does not want to borrow it all from one lender, which of the following might it use?

a. Corporate bond b. Sinking fund c. Financial leverage d. Term-loan agreement

If an insured conceals a material fact, makes false statements or engages in a fraudulent act, he or she is guilty of:

A. Concealment B. Estoppel C. Representation D. Misrepresentation