How likely they would recommend particular deal

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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

Reference no: EM132255289

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