Marco,a Risk Manager in California,is Interviewing for a New Position

question 46

Multiple Choice

Marco,a risk manager in California,is interviewing for a new position in the state of Washington.When Marco asked about methods of providing workers compensation,the answer surprised him.In Washington,employers can self-insure the risk or obtain coverage through a state fund.Private insurers do not market workers compensation insurance in Washington.Washington uses a

• A)competitive state fund.
• B)guaranty fund.
• C)reinsurance facility.
• D)monopoly state fund.

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Definitions:

Evolutionary Theory

Evolutionary Theory is a scientific explanation for the diversity of life on Earth, stating that species change over time through processes like natural selection.

Transformational Leaders

Leaders who inspire followers to exceed their own self-interest for the good of the organization and can instigate significant changes.

Charismatic Leader

A person who inspires and motivates followers through their magnetic personality, compelling vision, and exceptional communication skills.

Romance of Leadership

The tendency to attribute organizational success to the actions and decisions of leaders, often overestimating their influence.