Which of the Following Statements Is False

question 10

Multiple Choice

Which of the following statements is false?

• A)An insurance broker is an independent intermediary between an insurance company
• B)An insurance broker usually acts for the insured.
• C)An insurance agent is engaged by and represents the insurance company.
• D)An insurance agent is engaged by and represents the insured person.

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Definitions:

Edgar Schein

A renowned organizational psychologist known for his contributions to organizational development, culture, and leadership.

Organizational Culture

The shared values, beliefs, and practices that influence the behaviors and attitudes of people within an organization.

Assumptions

Deeply held beliefs that guide behavior and tell members of an organization how to perceive situations and people.

Basic Assumptions

Fundamental beliefs that are taken for granted within an organizational culture or societal context.