What factors should a firm consider when selecting intermediaries?
What will be an ideal response?
A company may want to evaluate each intermediary's years in business, other lines carried, growth and profit records, cooperativeness, and reputation.
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The number of salespeople in the United States is expected to continue to increase in the next five years
Indicate whether the statement is true or false
What happens to the life insurance proceeds upon the death of an insured who has not named a beneficiary?
A) The proceeds are given to the state. B) The proceeds remain with the insurer for the full-term of the insurance. C) The proceeds are given to charitable organizations. D) The proceeds go to the insured's estate.
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the total annual cost that the restaurant should expect?
a. $120 b. $137.48 c. $76.38 d. $68.74
Genna is a director of Fab Stuff Corporation. Without informing Fab, Genna starts up Evertrendy, Inc, to compete with Fab. Genna is liable for breach of
a. no duty or rule b. the business judgment rule. c. the duty of loyalty. d. the right of participation.