Which of the following are key inputs to determining the intrinsic value of an asset? I. the required rate of return II. future cash flows III. current stock price IV. timing of future cash flows
A) I and II only
B) I and III only
C) I, II and IV only
D) II, III and IV only
Answer: C
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The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases.?
Answer the following statement true (T) or false (F)
In contrast to mass marketing, target marketing
A. assumes that all customers are basically the same. B. is limited to small market segments. C. assumes that what they give is what customers want. D. ignores markets that are large and spread out. E. focuses on fairly homogeneous market segments.
All of the following are arguments in favor of using an applicant's credit record in personal lines underwriting EXCEPT
A) Most consumers have good credit records and benefit when credit history is used as a rating factor. B) Use of credit data in underwriting and rating eliminates price discrimination against minority groups when they purchase insurance. C) Underwriting and rating may be more consistent if applicants' credit histories are considered. D) There is high correlation between an applicant's credit record and future claims experience.
Which of the following is not a conflict of interest?
a. A doctor's referral of a patient to an x-ray lab that he owns for a full work-up without disclosing his ownership interest b. A purchasing agent's failure to disclose a 22% ownership interest in a supplier that would be chosen anyway c. A bank officer's solicitation of a charitable contribution for a non-profit organization of which he is a member from a customer with a large line of credit up for renewal in 30 days d. All of the above are conflicts of interest