Which of the following statements regarding exclusive agents is NOT true?
A) Exclusive agents represent only 1 company.
B) Exclusive agents are usually compensated by commissions.
C) Exclusive agents represent the insurer.
D) Exclusive agents represent the insured."
Ans: D) Exclusive agents represent the insured."
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A company reported $960,000 in net income for the current year. Total weighted-average common shares outstanding are 150,000 shares, and the year-end market price is $67.20 per common share. Calculate the company's price earnings ratio.
What will be an ideal response?
The product concept holds that consumers will favor products that offer the most in quality, performance, and innovative features
Indicate whether the statement is true or false
After 3 years of union representation, employees at Stellar Snowboard Manufacturing company decide that they wish to end their relationship with the union. The employees must:
A. Stop paying all union dues. B. File a petition for decertification election. C. Petition the employer to stop negotiating with the union. D. Request that a new union begin negotiating on their behalf.
Regarding controllable costs, which of the following statements is incorrect?
A) The production manager cannot make the decision to replace older equipment. B) All costs are ultimately controllable at the upper levels of management. C) The production manager is not responsible for avoiding waste of direct materials. D) The production manager must be able to control all costs of his or her department.