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NEW QUESTION 38
Which of the following is an internal risk for a company?

A. government policy changesB. lack of available personnelC. exchange rate fluctuationsD. supplier's factory burns down

Answer: B

Explanation:
Explanation
Lack of personnel is an internal risk- the others are external risks. Internal and external risks is a known topic for the exam so see p.116-117 for more information

 

NEW QUESTION 39
Which of the following will you put into box 6?

A. service creditsB. Force MajeureC. Conformance SpecificationD. NDA

Answer: C

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated

 

NEW QUESTION 40
Which of the following will you put into box 6?

A. dual sourcingB. insuranceC. auditD. monitor

Answer: A

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated with low confidence

 

NEW QUESTION 41
Which of the following legal principles means that a person can only claim the value of a loss once, regardless of if they have multiple insurance policies?

A. contributionB. subrogationC. insurable interestD. utmost good faith

Answer: A

Explanation:
Explanation
This is contribution. An example of this is if you have two insurance policies and are going on a business trip that is cancelled last minute. You can claim on the insurance the value of the trip- but only once. So you can either use one policy and not the other, or you can claim half the value of the trip on both policies. This stops people taking out multiple policies and then claiming on them all to make a profit. Legal Principles of Insurance is a known exam topic - this is from p.100-101 of the study guide

 

NEW QUESTION 42
......

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