The __________ is a worldwide federation of national standards bodies that promote the development of standardization and related activities
with a view to facilitating the international exchange of goods and services and to developing cooperation in the spheres of intellectual, scientific, technological, and economic activity. ?What will be an ideal response?
INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
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Granite Insurance Company entered into a treaty reinsurance agreement with Rock Solid Reinsurance (RSR). Granite's retention limit is $400,000 and RSR agreed to provide reinsurance for up to $2.0 million
If Granite writes an $800,000 policy, RSR is responsible for 50 percent of the losses. If Granite insures a $1.6 million risk, RSR is responsible for 25 percent of any losses. What type of reinsurance arrangement did Granite enter into with RSR? A) facultative reinsurance B) surplus share reinsurance C) quota share reinsurance D) excess of loss reinsurance
The cost of a business product may affect the distribution channel selected for it.
Answer the following statement true (T) or false (F)
George is analyzing the market for his bagel business. He knows that his shop has the highest
quality bagel in the city. He has picked up several customers who previously shopped at a competitor but told him they switched because of his consistent quality. For George's bagel business, this represents a(n) A) opportunity. B) threat. C) obligation. D) weakness. E) strength.
With a discount method single-payment loan, the entire interest charge is subtracted from the principal before you receive the money, and at maturity you repay the principal
Indicate whether this statement is true or false.