The residual market for auto insurance is designed to provide insurance to
A) superior risks who qualify for substantial discounts.
B) owners of vintage/antique autos where the replacement cost far exceeds the actual cash value.
C) drivers who are unable to obtain coverage in the standard market.
D) businesses that need to insure a fleet of vehicles under a single policy.
Answer: C
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The maturity value of a 60-day, 9 percent, $2,000 note receivable is
a. $1,970.33. b. $1,820.89. c. $2,029.59. d. $2,180.12.
If the unit selling price is $40, the volume of sales is $3,000,000, sales at the break-even point amount to $2,500,000, and the maximum possible sales are $3,300,000, the margin of safety is 11,500 units
Indicate whether the statement is true or false
A work sampling study requires an acceptable error level of ± 10 percent and 95 percent confidence
a. What is the required sample size if the sample proportion busy is as large as 50 percent? b. What is the required sample size if the sample proportion busy is estimated to be about 20 percent?
Use this information for questions that refer to the Yummy Ice Cream case. Kelly Stich, marketing manager for Yummy Ice Cream Products, is thinking about some of her products and her promotion plans for the coming year. Yummy Ice Cream Products is introducing a new ice cream treat called Planet Savers. This treat uses ice cream produced with environmentally friendly processes that save energy and protect the ozone. Yummy plans to send articles to magazines, local newspapers, and environmental groups that explain the environmentally safer treat. The product also has a unique texture and different flavor.Stich wants to use counter cards and in-store signs to let people know about Cherry Walrus, the company's new flavor. She is also developing sales training materials that will teach ice
cream scoopers in Yummy's ice cream stores to promote the product. Right after Cherry Walrus is introduced, each store will also hand out coupons that are good for one day only.Yummy Mondaes is a product that has been around for 25 years. It is Yummy's take on the classic ice cream sundae, but white-brownie and coffee-flavored crumbles are added to make it extra special. The company sells this product in one-quart and two-quart containers through major grocery store chains. It relies on personal selling and price discounts to retailers to move more of the product. The company does very little consumer promotion for this product.Yummy Fudge-on-a-Stick is a new product of fudge-flavored ice cream on a stick. Yummy plans to sell it through retail grocery stores and is launching an aggressive advertising program that will use television, radio, newspaper, magazines, and the Internet. Most of its promotion will be directed at consumers.Two years ago, the company introduced Yummy Fruit-on-a-Stick, an all-natural frozen fruit product on a stick. The product category has been popular, continues to grow, and is in the market growth stage of the product life cycle. Which of the following illustrates customer-initiated interactive communication? A. A customer goes to Yummy's website to see if Yummy has an ice cream shop that is nearby. B. A gamer at an online website ends a game and encounters a pop-up ad for Yummy Fruit-on-a-Stick. C. Consumers who participate in an online marketing survey are later called and interviewed about which of Yummy's ads they remember and why. D. People who enter Yummy's online contest receive a "2 for 1" coupon for Yummy's new flavors. E. A consumer goes to the CNN website and selects a video clip from World Cup Soccer, but at the start of the clip there is a short ad that shows kids eating Yummy Mondaes.