Hector Had Been Asked to Serve on the Board of a Major

question 58

Multiple Choice

Hector had been asked to serve on the board of a major pharmaceutical firm.He reluctantly declined,citing the firm's lack of liability coverage for outside members of the board of directors.Hector's decision indicates that he:

• A)will self-insure against a loss from legal action taken against the pharmaceutical firm.
• B)feels that the potential loss from legal action against this firm is an uninsurable risk.
• C)insists that the firm follow the rule of indemnity.
• D)will manage his risk by avoiding the potential loss from a liability suit directed at the board of directors.

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Definitions:

Online Contest

A competition conducted over the internet where participants can win prizes based on skill, chance, or a combination of both.

Recommend Contest

Suggesting a competition whereby participants are invited to endorse or propose something or someone for recognition or a prize.

Sentiment Analysis

The use of natural language processing techniques to extract and quantify emotional subtleties in textual data.

Monitoring

The process of systematically observing or tracking operations or activities over time to ensure they are proceeding according to plan.