Which of the following statements regarding reinsurance is (are) true? I. Under treaty reinsurance, the primary insurer must shop for a reinsurer each time the primary company needs reinsurance. II. Reinsurance can help a primary insurer to stabilize its profitability.
a. I only
b. both I and II
c. II only
d. neither I nor II
c. II only
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A brand developed by a retailer and/or wholesaler that is available only in selected retail outlets is called a ________ brand
A) generic B) franchisee C) marque D) national E) private-label
Which of the following ratios usually reflects investor's opinions of the future prospects for the firm?
a. Earnings per share b. Dividend yield c. Price/earnings ratio d. Book value per share
Internal reports on quality at the Acme Publishing Company generated the following information for the Trade Division for the first three months of the year: Total sales $1,000,000 Costs of quality: Prevention 44,000 Appraisal 47,000 Internal failure 36,000 External failure 64,000 Compute the ratio of costs of conformance to total costs of quality
a. 44.6% b. 47.6% c. 50.1% d. 100%
Discuss the assignment of costs to transferred-out inventories in both process costing methods