Which of the Following Statements Is TRUE with Respect to Exclusion

question 48

Multiple Choice

Which of the following statements is TRUE with respect to exclusion clauses and risk management?

• A)An exclusion clause can be inserted into a contract for the sale of goods.
• B)An exclusion clause can affect liability for property damage but not for personal injury.
• C)An exclusion clause can be used by a person but not by a corporation.
• D)An exclusion clause represents a type of risk acceptance.
• E)An exclusion clause always shifts the risk of liability onto an insurance company.

Recognize the importance of monochronic and polychronic time orientations in international business practices.

Explain cultural tightness-looseness and its relevance to social norms and deviations.

Understand the role of proxemics in intercultural communication.

Understand how cultural values affect the perception and use of time, space, and social norms in business contexts.

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Definitions:

Lifetime Allegiance

This concept refers to a long-term loyalty or commitment by an individual to an organization, cause, or entity, often spanning the entire duration of one's career or life.

Adaptive Perspective

An approach or mindset that emphasizes flexibility and the ability to adjust to new conditions or environments.

John Holland's Theory

A theory of career and vocational choice based upon personality types, suggesting that people are more satisfied in environments matching their personal inclinations.

Occupational Choice

The process of selecting a profession or career path based on an individual's interests, values, and the perceived rewards of the occupation.