A property and liability insurance company's loss reserve and unearned premium reserve are

A) assets.
B) liabilities.
C) income.
D) expenses.


Answer: B

Business

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Which of the following can be said regarding buyers/customers for the business-to-business (B2B) market?

A. Buyers for the B2B market are larger in number than the B2C market. B. Because B2B markets have many customers, each individual customer is not as essential to the firm's success. C. Business marketers typically deal with far fewer buyers than consumer markets. D. B2B customers don't impact the firm's bottom line. E. B2B buyers don't typically foster relationships with their customers.

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In reference to protection of private and intellectual property rights, IPRI stands for ______.

a. Intellectual Property Rights Index b. Internal Property Rights Index c. International Proprietary Reference Index d. International Property Rights Index

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Remedies of the agent for breach of duty by the principal arise out of contract and tort law

a. True b. False Indicate whether the statement is true or false

Business