Reference no: EM132273300
1. An intentional withholding of a fact that would be of material importance to the insurer's decision to issue a policy is called a/an
A. misrepresentation.
B. estoppel.
C. adhesion contract.
D. fraudulent concealment.
2. Which of the following is true of coinsurance?
A. It allows the insured to pay an extra premium initially in exchange for a guaranteed option to buy more insurance at certain specified times later.
B. It excuses the insured from paying premiums if he or she becomes disabled.
C. It's rarely found in property insurance policies. End of exam
D. It's a provision under which the insurer and the insured share costs, after the deductible is met, according to a specific formula.
3. Which of the following departments or functions is usually not on a typical cross-functional team that would work with a new supplier?
A Supply management,
B. Design,
C. Manufacturing,
D. Security.
4. Identify the correct statement regarding sustainable organizations.
They primarily focus on maximizing profits and delivering high returns to investors.
They focus on smooth turnover and outsourcing rather than long-term planning.
They are more concerned about justice and fairness rather than short-term profits.
They are less concerned about employee development and empowerment.
They are more concerned with the quantum of output than quality standards.
5. What clusters of competencies are necessary for success in human resource management?
hiring, compensation, event planning, and training
technical, interpersonal, business, and leadership
technical, hiring, motivation, and compensation
business, development, leadership, and interpersonal
technical, business, training, and hiring
6. According to your text, it is not enough for HR professionals to know how to perform tasks specific to human resource management. HR professionals also must be able to work effectively with others, contribute to business success, and
keep up-to-date on technology laws.
Instruct others in the use of HR technology.
lead others ethically.
occasionally gather relevant data.
ensure policies remain unchanged.
7. A human resource professional of a company exhibits the competency of business acumen when he or she
acquires knowledge of other cultures.
responds to reports of unethical conduct.
applies statistical knowledge to understand data.
applies knowledge of how HR functions contribute to business success.
uses HR technology correctly