Void Ab Initio Means

question 49

Multiple Choice

Void ab initio means

• A)void at the option of the insurer
• B)void at the option of the insured
• C)void at the option of the court
• D)void at the beginning

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Definitions:

Large Inventories

Holding significant amounts of stock to handle demand fluctuations, reduce reorder frequency, or ensure product availability.

Supply Chain Costs

The total expenses incurred in the operation of a supply chain, including production, storage, transportation, and distribution costs.

Tailored Postponement

A supply chain strategy that involves delaying the final stages of production or customization of a product until customer demand is better understood.

Profitability

A financial metric indicating the extent to which a company or business generates more revenue than its costs; the capability to generate profit.