With Respect to the Ability to Manage Risk Through Insurance,which

question 60

Multiple Choice

With respect to the ability to manage risk through insurance,which of the following is a known result of the Enron and WorldCom scandals?

• A) Directors and officers must now bear the brunt of high deductibles.
• B) The insurance premiums for public companies have tripled.
• C) The insurance premiums for public companies have doubled.
• D) Directors' and officers' liability insurance is now unavailable.

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Definitions:

Internet

A global network of interconnected computers and servers that enables the sharing of information and communication across vast distances.

Intrapreneurship

The practice of entrepreneurship within an established company, where employees are encouraged to innovate and pursue new business ideas.

Large Organisations

Large organisations are entities characterized by a vast scope of operations, numerous employees, and a wide geographic presence, typically requiring complex management structures.

Vertically Integrate

A strategy where a company expands its operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.