XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?
A) $69.99
B) $166.67
C) $350.00
D) $500.00
Answer: D
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Which of the following accounts are normally reported as current liabilities on a classified balance sheet?
a. Accounts payable and bonds payable b. Interest payable and mortgage payable c. Income taxes payable and salaries payable d. Capital stock and accounts payable
The early ________ cut expenses by offering few services and operating in warehouse-like facilities in low-rent, heavily traveled districts
A) department stores B) hypermarkets C) discount stores D) supermarkets E) full-service retailers
Employers will often provide such perks as health insurance and paid vacation time that are designed to be attractive and useful to employees. Collectively these perks are known as
A. stock. B. piecework. C. human resources. D. employee benefits.
Traditional operations management strategies have focused on all of the following except?
a. Cost b. Customer service c. Sustainability d. Quality