Premiums in an Open Ocean Cargo Policy

question 30

Multiple Choice

Premiums in an open ocean cargo policy

• A) are based upon the value of shipments made under the policy.
• B) are based on the number of pro forma invoices that a company has outstanding.
• C) mean the shipper can make one shipment under the insurance policy.
• D) All of the above
• E) None of the above

---

Definitions:

Transformative Consumer Research

A research field focused on understanding consumer behavior to drive societal changes for the better, emphasizing social problems and welfare.

CSR

Corporate Social Responsibility, a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Bribery

A practice of offering, giving, receiving, or soliciting something of value for the purpose of influencing the action of an official in the discharge of his or her public or legal duties.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.