What does IRAC stand for: Select one: O a. Issue, reasoning, Aptitude, conclusion O b. Issue, rule, application, conclusion O c. Issue, rationale, application, common law O d. Issue, rule, administrative, courts

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A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric index

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25  Rules, policy and procedures are examples of  A) programmed decisions B) nonprogrammed decisions C)unstructured problems D) structured problems E) none of the above

F4

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