From the insurance company's perspective, what is the difference between written premium and earned premium?
A) There is no difference; they are effectively the same thing.
B) Written premiums are those that belong to the insurer; earned premiums do not belong to the insurer.
C) Written premiums are the total premiums collected by the insurer; earned premiums are those that belong to the insurer.
D) Written premiums reflect the total amount of coverage provided to insureds; earned premiums reflect the net profit of the insurer.
C
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What is the name of the legislation enacted in response to injuries and deaths from products being sold to consumers?
A. Federal Product Act. B. Product Liability and Safety Reform Act. C. Food, Drug and Cosmetic Act. D. Consumer Product Safety Act.
Web sites are not very useful when performing analysis
Indicate whether the statement is true or false
Which of the following statements is not true concerning conjoint analysis?
A) The underlying assumption is that any set of stimuli, such as products, brands, or stores, is evaluated as a bundle of attributes. B) Unlike multidimensional scaling, conjoint analysis relies on respondent's objective evaluations. C) Conjoint analysis seeks to develop the part-worth or utility functions describing the utility consumers attach to the levels of each attribute. D) Conjoint analysis attempts to determine the relative importance consumers attach to salient attributes and the utilities they attach to the levels of attributes.
What was the "Bronx Slave Market" ?