David is a successful independent insurance agent. Recently, one of the life insurance companies with whom he places business offered him a special financial arrangement. If David meets sales targets, he will receive large bonuses
He will also be able to recruit and train sub-agents and receive an over-riding commission based on the amount of life insurance the sub-agents sell. Based on this description, David is a(n)
A) insurance broker.
B) personal-producing general agent.
C) direct writer.
D) multiple life exclusive agent.
Answer: B
You might also like to view...
Which of the following statements is not a potential problem with appointing vendors as category captains?
A. The dependence on the vendor category captain may cause a retailer to miss opportunity for increasing margins through their private-label SKUs. B. Vendors could take advantage of their position by suggesting an assortment plan that includes most of its SKUs and exclude other SKUs that contribute more so to the retailer's profitability. C. The vendor category captain could block other brands from access to shelf space. D. The vendor category captain could collude with the retailer to fix prices. E. Appointing vendors as category captains makes merchandise management tasks difficult for retailers.
Which type of positioning is based on the attributes of products or services and their corresponding benefits?
A) unique B) symbolic C) functional D) experiential E) optimized
Which exemption to registration requirements exempts offerings of less than $5 million to no more than 35 nonaccredited purchasers over a 12-month period?
A) Rule 504 exemption B) Rule 505 exemption C)Rule 506 exemption? D) Rule 507 exemption
Prescriptive BI capabilities are viewed as more powerful than predictive ones for all the following reasons EXCEPT
A) prescriptive BI gives actual guidance as to actions. B) understanding the likelihood of certain events often leaves unclear remedies. C) only prescriptive BI capabilities have monetary value to top-level managers. D) prescriptive models generally build on (with some overlap) predictive ones.