The maximum amount that the insurer agrees to pay in case of a loss is known as the _____
A) face
B) insurable risk
C) premium
D) policy
A
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American legislative and economic thinking assumes that
A. competition among many small firms helps the economy. B. firms must have their prices approved by the Federal Trade Commission. C. laws are needed to prevent firms from competing with similar ("me-too") products. D. the free enterprise system is dying. E. government officials are needed to run the economy.
Southland Tours has net income of $2 million this year. The book value of Southland Tours
common equity is $8 million dollars. The company's dividend payout ratio is 60% and is expected to remain this way. What is Southland Tours' internal growth rate? A) 15% B) 10% C) 6% D) 9%
What are the risks of marketing infant formula in third-world countries?
a. Customers cannot afford the formula b. Customers may mix the powdered formula with bad water c. Customers may water down the formula d. All of the above
A franchisee owns a franchise's name and distinctive elements and licenses others to sell its products.
Answer the following statement true (T) or false (F)