Match the Term with Its Definition

question 8

Multiple Choice

Match the term with its definition.
-Wrongful acts or omissions for which an injured party can take legal action against the wrongdoer for monetary damages

• A)business interruption insurance
• B)funds transfer fraud
• C)indemnification clause
• D)key-person life insurance
• E)personnel risks
• F)reasonable (prudent person) standard
• G)torts
• H)workers' compensation insurance
• I)workers' compensation legislation

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Definitions:

Napkin Plans

Informal or preliminary sketches or outlines of ideas, plans, or concepts typically noted in a quick and unrefined manner.

Prototyping

The process of creating an early model or sample of a product to test concepts or feasibility prior to full-scale production or development.

Experimentation

The process of conducting tests and trials to discover something unknown or to test a hypothesis.

Product

Anything tangible or intangible (such as a service) offered by the company.