An Insurer Is Not Obliged to Disclose Matters That

question 20

Multiple Choice

An insurer is not obliged to disclose matters that:

• A)the insurer knows or should know.
• B)the insurer waives knowledge of (does not insist on knowing).
• C)lessen the risk.
• D)all of the above.
• E)include A and B only.

Recognize the importance of reliable and valid performance appraisal systems and familiarize with different appraisal methods.

Understand the difference and relationship between a job, work, and an organizational position.

Identify the six patterns people follow in defining work.

Understand the principles of scientific management and its impact on job design.

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Definitions:

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations of the independent variable.

Inferential Statistic

Statistical methods that allow researchers to make inferences or predictions about a population based on a sample of data from that population.

Normal Distribution

A continuous probability distribution shaped like a symmetrical bell, where most occurrences take place around the central peak and probabilities taper off equally towards both tails.

Independent Variable

The variable in an experiment that is manipulated or changed to observe its effect on the dependent variable.