You Work for a Small Company and Have Been Asked

question 22

Multiple Choice

You work for a small company and have been asked to create a managerial organization chart including pictures of the individuals. Which of the following would be the most efficient way to create the chart?

• A)Enter the text in the title placeholder of a slide and then drag the images of the managers onto the slide.
• B)Create a table, enter the names and positions in the table, and then add images.
• C)Search for online templates and themes and download an organization template.
• D)Select a theme, modify the placeholders, enter the text information, and then insert the images.

Understand strategies employed by insurance companies to mitigate adverse selection.

Describe characteristics of individuals based on their valuation of lotteries.

Explain how adverse selection affects the functioning of insurance markets.

Identify measures to screen against adverse selection.

---

Definitions:

Spoils System

The spoils system is a political practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward for working toward victory, rather than for their expertise.

Civil Service Protections

Safeguards for government employees that ensure stability, fairness in hiring and firing, and protection from political pressures.

Hatch Act

A U.S. federal law enacted in 1939 that restricts the political activities of federal employees to ensure a nonpartisan federal workforce.

Political Campaigns

Organized efforts to influence the decision-making process within a specific group, often related to elections.