All of the following statements about the online insurance industry are true except:
A. the Internet has lowered search costs, increased price comparison, and decreased prices to consumers for all forms of insurance.
B. websites of almost all the major firms provide the ability to obtain an online quote.
C. the wave of interest in fintech companies has not yet reached the insurance industry.
D. the industry has been very successful in attracting visitors searching for information about prices and terms of insurance policies.
Answer: A
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Analysts look for red flags in financial statements that may signal financial trouble. Which of the following is a red flag that suggests that a company may be in trouble?
A) a significant decrease in net income for several years in a row B) a consistent movement in sales, merchandise inventory, and accounts receivable C) a reduction in the debt ratio D) operating activities are a major source of cash flows
Under the Civil Rights Act of 1964, an employer cannot discriminate against a member of a
protected class in: A) Termination of employment. B) Promotion. C) Conditions of employment. D) Hiring. E) All of the above.
Dan, a widower, dies intestate. He leaves two surviving children, Joe and Carrie, and two grandchildren who are children of his deceased daughter, Debra. If Joe and Carrie each take one-third of his estate and the grandchildren each take one-sixth of the estate, this is described legally by the statement that:
a. lineal descendants of predeceased children take property per stirpes. b. lineal descendants take the property per capita. c. collateral heirs take the property per stirpes. d. lineal descendants and collateral heirs take the property per capita.
The time necessary for a deposited check to clear through the commercial banking system causes
which of the following types of floats? A) transit B) disbursing C) mail D) processing