help A client mentions that they have many prescriptions to fill before leaving for vacation. What should the Broker thisclient about their travel insurance?OA) If the client's prescriptions change, they must notify the insurance company before leaving for vacation.OB) If the client's prescriptions change, depending on the timing, the condition that medication is treating may beexcluded.OC) Medication changes such as switching to generic brands could invalidate some claims.OD) Changes in medication within two days of departure periods will invalidate any claim during his vacation. An individual with a bad driving record comes to your office for automobile insurance. You give him/her a premiumquotation. He/she cannot pay you right away but demands cover immediately. What are you obligated to do?A) You are obliged to provide coverage for 21 days.OB) You must provide coverage. If you wish to cancel it subsequently for non-payment of premium, you must firstapply to the Financial Services Regulatory Authority of Ontario for permission to do so.OC) You must provide an application for completion and forward it to an insurer.OD) You should report this type of situation to RIBO for guidance.

Risk management is the systematic process of identifying, assessing, and mitigating potential risks…

Answered: A client mentions that they have many…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Peter, a marketing executive for a toy company, receives a text message from the vice president of an advertising agency offering $20,000 in cash if Peter will help the ad agency to win contracts. Since Peter’s company already works with the agency frequently, he doesn’t see the harm and accepts the vice president’s offer. Discuss the main ethical issue involved in this scenario as well as the measures the toy company could take to prevent it. Please help me with this question; note the answer must be given in form of an informative paragraph not jsut a sentence or two. Thanks a lot for your help
8. TRUE or FALSE: The concept of "Piercing the Company Veil" refers to when members abuse their rights and engage in some egregious act (such as commingling) that removes their protection against liability. Group of answer choices True False
While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A. Derek cannot hold the tour company liable because there is no way to prepare for or avoid a bear attack. B. The company is not at fault because it does not owe Derek a duty of care. C. Because most people would not expect something as dangerous as a bear encounter while on a hike, an assumption of risk defense will probably not protect the tour company. D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable.
Ameer is offered with a costly gift by one of his client, he is not sure about the ethical consequences of accepting a costly gift from his client. In your opinion which of the following step he has to perform in order to solve the problem? a. Reject the offer without Checking the company policies b. Accept the offer without checking the company policies c. Review relevant ethical guidelines of the company d. Accept the offer and give it to the company
Which of the following scenarios represent " contract cheating"? Jack worked double shifts all week, which left him with no time to complete his mid term project. To maintain his GPA, he asked his cousin, a successful business owner, for a favor: to respond to a few of the questions on the mid term using their own experience in the industry as support, Amanda feels completely lost in their Psychology course. A research essay worth 40% of their total grade is due in three days; panicked, they download a pre- written response from a "free" essay site, add their name to the top, and submit it as their own, William and lab are college roommates. They are also enrolled in the same online MBA course in which two new case studies are assigned each week. To help each other pass their difficult course, they begin swapping their case study analyses, on the pretense that each is making sure the other fully understands the course material or all of the above scenarios represent "contract…
“If an employee decides to leave the company, he/she should inform the manager 3 months before”. This is an example of _______________. a. Policy b. Budget c. Rule d. Procedure
28 Statement: "In the context of audit, the concept of true and fair is defined in the Commercial Company Law".Based on above statement choose the best alternative from the options given below: a. None of the options b. The statement is true c. The statement is false, the concept of true and fair is not defined in any law d. The statement is false; the concept of true and fair is defined in IFRS
1. An employee from customer services has sent a bad message to a client without prior insertion of a consoling statement. He failed to bring the reader’s mind to a positive attitude before delivering the bad news. What statement should have been added before relaying the bad news to the customer? * A. A buffer statement B. An ethical statement C. A whistleblowing statement D. All the above statements E. None of the above statements
Which of the following situation a complaint letter will be written? a. A businessman wants to inform the customers about the change in office address b. A manager wants to persuade the customers to avail a Christmas offer c. A customer is dissatisfied with the performance and quality of a product d. A manager wants to motivate a customer to pay his loan back to the company
In an e-mail offering to sell amplifiers to Gina for her theater, Dick describes the 120-watt amplifiers as “210 watts per channel.” This is fraudulent misrepresentation if a. the number of watts is a material fact b. Dick intends to deceive Gina c. Gina relies on the description d. all of the above are true
47) The customer is the person who pays everyone's salary and who decides whether a business is going to succeed or fail. Is this sentence valid A. False B. True C. Not applicable D. None of the above
The people who are least likely to complain tend to be better educated, have higher income, are more socially involved, and have more service knowledge * True False Fallacy 2. The ___ describes the phenomenon where customers who experience an excellent service __ after a ___ feel are even more satisfied than customers who had no problem in the first place * a. service recovery paradox - service recovery - service failure b. service recovery, service recovery paradox - service failure c. service recovery, service failure, service recovery paradox

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