Some countries in the world have a higher levels of GDP per
capita than others. With this knowledge, discuss the factors that
are responsible for causing economic growth.
A principal-agent problem can arise when
an insurance agent sells a policy to a buyer who uses it as an
incentive to behave badly.
a principal hires an agent to do something on their behalf, but the
principal cannot perfectly observe the agent's actions.
an agent hires a principal to do something on their behalf, and the
agent can observe the principal's actions.
a principal uses an agent to accomplish a task the principal wants
credit for completing.
Which of...
32.
A low coupon corporate bond will likely
(a) have a higher intrinsic value than a similar high-coupon bond.
(b) have a lower rating.
(c) be selling at a premium.
(d) have no tax liability on eventual capital gains.
33.
An actively traded corporate bond will likely
(a) have a large bid-ask spread.
(b) be rated lower by Moody's.
(c) pose a large risk for the dealer
(d) have a lower yield-to-maturity than a less liquid bond.
The risk that insurance companies have that those individuals
who will likely have the most claims are the most likely to seek
out buying insurance is called:
subrogation
adverse selection
underwriting
perils
If the price is less than the average total cost but higher than
the average variable cost, then the firm is making a _________.
a. loss and is making a negative contribution to fixed
costs
b. loss but will continue to produce in the short-run
c. loss and will shut down in the short-run
d. profit
What two types of market scopes did Michael Porter use in
developing his generic strategies model?
Broad and narrow.
Cost leadership and focus.
Benefit...
5.A discount merchandiser is likely to have a higher inventory
turnover than more upscale stores with higher merchandise
prices.
True or False
6. Segregation of duties in an organization should be required
to reduce the likelihood of theft.
true or false
7.When a company receives payment from a customer whose account
was previously written off, the customer's account should be
reinstated.
true or false
8.The cost of natural resources includes the purchase price, as
well as exploration costs and surveys....
Why might certain foods be more satiating/have a higher satiety
index than others, regardless of time of day eaten? Give your
overall conclusion on the information presented regarding time of
day (and day of the week, such as changes on weekends) on satiety
and an overall healthy diet/eating plan.
1. On a depreciating asset most likely the insurance premium
would be higher for
A
A replacement cost policy
B
A value based policy
C
This make no difference
D
High deductible policy
2. Named perils in an insurance policy
A
State the exact things that are covered
B
State broad situations that are covered but are not
specific
C
Are the same as exclusions
D
Are not permitted in construction
3. All insurance companies are the same and there...