XYZ Insurance Company uses class rating to determine the rate to charge for insurance
For one type of insurance, the pure premium XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 25 percent, what is the gross rate for this coverage?
A) $37.50
B) $55.25
C) $75.00
D) $100.00
Answer: D
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Avalon Industries buys equipment for $24,000, expects to use it for ten years, and then sell it for $3,000. Using the straight-line method, the company should report annual depreciation for the equipment of:
A. $4,800. B. $4,200. C. $2,100. D. $2,400.
Chronos Inc designs and markets different brands of cycling watches
Each brand has a single unique feature: the Chronos Cosmos has a heart rate monitor, the Chronos Acumen is designed for older cyclists who prefer a large display, and the Chronos Aegis has a GPS function. Which of the following is evident here? A) channel differentiation B) service differentiation C) product differentiation D) people differentiation E) image differentiation
A retailer specifically attempts to increase its average sale through carrying complementary goods and services in _____
a. cross-merchandising b. impulse sales c. scrambled merchandising d. merchandising
Employment services at state agencies do not include special services?counseling, assistance with resumes and interviewing skills
Indicate whether the statement is true or false