Reciprocal exchange is managed by a corporation that is authorized to collect premiums, pay losses, invest funds, seek new members, and perform other functions. This corporate manager is called a(n)
A) holding company.
B) attorney-in-fact.
C) resident agent.
D) captive manager.
Answer: B
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Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3 to Roger. If the net income of the firm is $30,000, calculate Roger's share of net income. (Do not round any intermediate calculations.)
A) $20,000 B) $10,000 C) $30,000 D) $25,000
In situational management, a(n) ______ style is highly directive and low in supportiveness.
A. autocratic B. participative C. consultative D. empowering
A ________ compares multiple items according to a single characteristic
A) frequency polygon B) line chart C) horizontal bar chart D) histograph E) paired bar chart
Authority is a right to give orders, and ______ is an obligation to answer for those orders.
A. accountability B. sustainability C. principles D. responsibility