The rule of caveat emptor meant that if there was no privity between a producer and an injured consumer, the consumer had no case against the producer
a. True
b. False
Indicate whether the statement is true or false
True
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Discriminant functions are linear combinations of the predictor or independent variables, which will best discriminate between the categories of the criterion or dependent variable (groups)
Indicate whether the statement is true or false
Introducing a new product to an established market segment through a unique positioning requires a thorough understanding of market competitors and their products
Indicate whether the statement is true or false
ABC Insurance retains the first $1 million of each property damage loss and purchases reinsurance for that part of any property loss that exceeds $1 million. The insurance for property losses above $1 million is called
A) excess insurance. B) liability insurance. C) coinsurance. D) primary insurance.
Why is the variance of a portfolio of internationally diversified stocks likely to be lower than the variance of a portfolio of U.S. stocks?
What will be an ideal response?