Reference no: EM132255289
1. Kaycee obtains fire insurance on an empty warehouse. Later Kaycee manufactures and stores fireworks in the building. A lightning strike in a thunderstorm explodes the fireworks and destroys the building. The fire insurance policy is:
valid since the building was empty when the policy was obtained.
void since a material change in risk occurred.
voidable if the lightning was not foreseeable.
valid since there are negligible liabilities which applies to storing fireworks.
2. The insurance company's liability under comprehensive coverage is limited to the _____ of the vehicle at the time of the loss.
actual cash value
outstanding loan
value replacement
value stated value
3. A _____ is that which deliberately misstates the qualifications of a borrower to push a loan through the approval process.
NINJA loan
liar loan
subprime loan
home equity loan
4. Of the following, which promotional factor explained the most variance in buyers’ ratings when asked how likely they would recommend a particular deal?
Incentive amount
Item profitability
Manufacturer reputation
Item importance
5. Explain in detail the following factors that a project manager should consider when identifying individual to work on a project-
1. Work functions (may include job titles and range of responsibilities)
2. Professional discipline (may include degrees and professional certifications)
3. Skill level (may include experience and performance ratings)
4. Physical location (may include willingness to relocate and travel)
6. Which of the following basic push promotional strategies best describes “sharing in the cost on a 50-50 basis up to some percentage of the retailer’s purchases from the manufacturer?” Promotional Allowances
In-store Displays & Selling Aids
Incentives and Contests
Special Promotional Deals
Cooperative Advertising