The expense ratio equals:
A) total underwriting expenses divided by insured losses
B) net income divided by total expenses
C) total expenses divided by net income
D) total expenses divided by premiums written
D
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One of the big dangers in crafting a competitive strategy is that managers, torn between the pros and cons of the various generic strategies, will opt for "stuck in the middle" strategies that represent compromises between lower costs and greater differentiation and between broad and narrow market appeal. True or false? Explain your answer.
What will be an ideal response?
Which statement summarizes the income earned and the dividends paid?
a. Statement of cash flows b. Statement of retained earnings c. Balance sheet d. Income statement
Firms with ____________________ levels of operating leverage experience greater variability in their return on assets
Fill in the blank(s) with correct word
______ involves actions on the part of the firm that appear to advance some social good beyond the immediate fiduciary interests of the firm and its shareholders, and beyond that which is required by law.
a. ethical fiduciary responsibility b. procedural justice c. servant leadership d. corporate social responsibility