____ Plans Are the Broad Plans Developed by Top Managers

question 32

Multiple Choice

____ plans are the broad plans developed by top managers and the board of directors to guide the general direction of the organization.

• A) Tactical
• B) Contingency
• C) Operational
• D) Single-use
• E) Strategic

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Definitions:

Insurance Law

The body of law surrounding insurance, including insurance policies and claims. It involves the regulation of the business of insurance and the regulation of claim handling.

Insurance Types

Various categories of insurance policies, including life, health, property, and auto, designed to protect against specific risks and financial losses.

Misrepresentation

The act of providing false or misleading information with the intention to deceive in a contractual agreement.

Indemnify

To compensate for loss or damage, or to guarantee protection against future losses.