Which of the Following Persons Is (Are)covered for Liability Insurance

question 33

Multiple Choice

Which of the following persons is (are) covered for liability insurance under the PAP?
I.A family member who drives a covered auto.
II.A family member who occasionally drives a friend's auto.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Bullwhip Effect

A phenomenon in supply chain management where small variations in demand at the retail level cause increasingly larger variations in demand at the wholesale, distributor, and manufacturer levels.

Shortage Gaming

Strategic behavior by participants in a supply chain who intentionally reduce their demand forecasts when they anticipate a shortage, in order to receive more stock than they would otherwise.

Demand Information

Data regarding the amount and timing of desired goods or services by the market or specific customers, crucial for supply chain and production planning.

Channel Coordination

The alignment and integration of strategies and activities across different distribution channels to optimize performance and deliver value to customers.