The primary difference between an insurance agent and an insurance broker is:
A) their compensation scheme
B) the parties they each legally represent
C) the fringe benefits their employers provide
D) there is no practical or legal difference between them, other than their titles.
B
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A company's organizational culture:
A) can be described as a company's self-identity or shared mind-set. B) is shaped by its shared sense of vision, values, heroes, rites, and rituals. C) arises from such things as how its people dress, behave. D) All of the above.
Companies producing a variety of products and brands often establish a product- (or brand-) management organization
Indicate whether the statement is true or false
A major finding of the 2015 Edelman Trust Barometer is that ________
A) the public trusts government more than business B) trust in all types of institutions is higher than ever C) managers no longer trust their employees to perform well D) trust in all types of institutions has fallen to a low level
In making decisions regarding price changes, the firm should consider both qualitative and quantitative factors
Indicate whether the statement is true or false