TeeGrades

RULES OF CONSTRUCTION - CORRECT SOLUTION HELP TO IDENTIFY AND ESTABLISH THE INTENT OF THE PARTIES TO THE CONTRACT UTMOST GOOD FAITH - CORRECT SOLUTION EACH PARTY IS ENTITLED TO RELY ON THE REPRESENTATION OF THE OTHER, AND EACH PARTY SHOULD HAVE A REASONABLE EXPECTATION THAT THE OTHER IS ACTING IN GOOD FAITH WITHOUT ATTEMPTS TO CONCEAL OR DECEIVE. ALEATORY CONTRACT - CORRECT SOLUTION A CONTRACT UNDER WHICH ONE PARTY'S PERFORMANCE IS CONTINGENT ON AN UNCERTAIN EVENT. PROPERTY AND CASUA...

AN INSURED IS HOSPITALIZED WITH A BACK INJURY.UPON CHECKING HIS DISABILITY INCOME POLICY, HE LEARNS THAT HE WILL NOT BE ELIGIBLE FOR BENEFITS FOR AT LEAST 30 DAYS. THIS INDICATES THAT HIS POLICY IS WRITTEN WITH A 30 DAY ______________. - CORRECT SOLUTION ELIMINATION PERIOD ALL OF THE FOLLOWING ARE EXAMPLES OF THIRD-PARTY OWNERSHIP OF A LIFE INSURANCE POLICY EXCEPT - CORRECT SOLUTION AN INSURED BORROWS MONEY FROM THE BANK AND MAKES A COLLATERAL ASSIGNMENT OF A PART OF THE DEATH BENEFIT TO SECU...

ACCUMULATION UNITS ARE CONVERTED INTO ANNUITY UNITS: - CORRECT SOLUTION AT THE TIME OF ANNUITY PAYOUT. A GROUP LIFE INSURANCE PLAN IN WHICH THE EMPLOYER PAYS THE ENTIRE PREMIUM IS KNOWN AS A ________________ PLAN. - CORRECT SOLUTION NONCONTRIBUTORY IF A DISABLED WORKER COVERED UNDER SOCIAL SECURITY DISABILITY BENEFITS RECOVERS AND THEN IS DISABLED AGAIN WITHIN FIVE YEARS, A NEW WAITING PERIOD IS REQUIRED BEFORE BENEFITS BEGIN AGAIN. - CORRECT SOLUTION FALSE ROBERT HAD AN ACCIDENT AND QU...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - cORRECT sOLUTION Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used? - cORRECT sOLUTION Conditional A life insurance arrangement which circumvents insurable interest sta...

Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care - cORRECT sOLUTION Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc.) All of the following are state or federal government programs that pr...

Insured - cORRECT sOLUTION The person covered by the insurance policy. Rider - cORRECT sOLUTION A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - cORRECT sOLUTION A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? - cORRECT sOLUTION The Fair Credit Reporting Act. What are the thre...

Accident - cORRECT sOLUTION An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance - cORRECT sOLUTION A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury - cORRECT sOLUTION Unplanned, unforeseen traumatic injury to the body Accidental Death and Dismemberment - cORRECT sOLUTION An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if...

Which of the following are examples of Kelley's "star strategies"? A. Reflectiveness B. Self-control C. Focus D. Show and tell E. Cooperation - CoRRect SoluTion Show and tell The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization's resources is called A. employment. B. management. C. career planning. D. competitive advantage. E. strategic planning. - ...

management - CoRRect SoluTion attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources planning - CoRRect SoluTion defining performance goals and determining how to attain these goals organizing - CoRRect SoluTion assign tasks, grouping tasks into departments, and allocating resources to these departments leading - CoRRect SoluTion use of influence to motivate employees to achieve the orga...

1. Management is the process of a. maintaining the status quo. b. planning, organizing and staffing, leading, and controlling. c. keeping labor from taking over. d. facilitating groups. - CoRRect SoluTion b 2. Crafting a strategic vision is typically the responsibility of a a. first-level manager. b. middle-level manager. c. staff professional. d. top-level manager. - CoRRect SoluTion d 3. Three roles or activities within entrepreneurial work that arouse passion do NOT include: ...