Which of the following statements about the insurance industry as a source of investment funds is (are) true?
I. These funds result in a lower cost of capital than would exist in the absence of insurance.
II. These funds tend to promote economic growth and full employment.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
You might also like to view...
A company using a ______ strategy seeks to be the first to move into a market segment to meet an unfulfilled customer need.
a. low-price provider b. differentiation c. market niche d. both B and C
Negligence concerns harm that:
a. is unforeseeable. b. arises intentionally. c. arises by accident. d. is always substantial.
Employee empowerment is unnecessary in the Toyota Production System, because automation and powerful information systems reduce the need for employee creativity and decision making
Indicate whether the statement is true or false
The "dual priority" rule states that the nonpartnership creditors have first claim to partnership assets, whereas their claims to the individually owned assets of their respective debtors are subordinate to the claims of partnership creditors
Indicate whether the statement is true or false