Pro-rata reinsurance:
A) commits the reinsurer to pay part of a claim, but only after the primary insurer's coverage has been completely exhausted
B) is distinguished by very high retention amounts
C) means losses, premiums and expenses are divided proportionately by the primary insurer and the reinsurer
D) is only sold by alien reinsurers, and then only at very high rates
C
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The primary functions of management are ______.
A. planning, organizing, staffing, and controlling B. forming, storming, norming, and reforming C. building, breaking down, rebuilding, and maintaining D. ruling, listening, adapting, and adjusting
A marketing mix typically encompasses _____ strategies
a. pricing b. divestment c. anti-competitive d. trade restraint
_______________________________ arbitration is conducted to resolve disputes over contractual terms governing wages and terms and conditions of employment.
Fill in the blank(s) with the appropriate word(s).
Andy is planning to develop a certain parcel of land. There are some questions as to whether or
not a federal environmental impact statement is required. Which of the following could be a good reason that an environmental impact statement is not required? A) The action is taken by a state government. B) The action is taken by a private entity. C) The action is taken by a federal agency. D) Both A and B are good reasons. E) A, B, and C are good reasons.