Caib Study guides, Class notes & Summaries

CAIB 4 Exam | 105 Questions and Answers with Complete Solutions

CAIB 3 Practice Exam questions with correct answers

CAIB 4 Exam Questions with Correct Answers What are the two approaches to planning? Explain each - Answer-1) Top Down Planning - Management provides the mission, strategies, and objectives for the brokerage 2) Bottom Up Planning - Management provides the mission and broad strategies. Leaves the objectives, goals and activities to business units. What are the advantages and disadvantages of top down planning? - Answer-Advantages: Management feels in control and in charge of decision makin...

CAIB 2 Exam – Questions & Verified Answers

CAIB 3 Exam Questions with All Correct Answers Civil Law - Answer-the body of law concerned with civil or private rights and remedies, as contrasted with criminal law which deals with wrongs against society. Tort - Answer-a private or civil wrong or injury, other than breach of contract, for which the court will provide a remedy in the form of an award for damages. Breach of Contract - Answer-is the failure, without legal excuse to perform any promise which forms the whole or part of t...

CAIB 3 - Exam Practice Questions with 100% correct answers Breach of Contract - answerFailure to perform a promise in a contract without legal excuse Trespass - answerUnlawful interference with someone's person, property, or rights False Imprisonment - answerUnlawfully holding someone against their will Easement - answerRight to use another person's land Constructive Total Loss (MARINE INSURANCE) - answerWhen the cost of salvaging cargo is too high compared to its value Freight (MARINE...

CAIB 2 Mock Midterm Exam – Questions & Answers