Under one type of merit rating, the class or manual rate is adjusted upward or downward based on past loss history. This type of merit rating is called
A) schedule rating.
B) judgment rating.
C) experience rating.
D) retrospective rating.
Answer: C
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Use this information to answer the following question. These facts concern the long-term stock investments of DeBord Corporation: June 1, 2014 Paid cash for the following long-term investments: 5,000 shares Vanhook Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Shust Corporation common stock (representing 3 percent of outstanding stock) at
$24 per share. Dec. 31, 2014 Quoted market prices at year end: Vanhook common stock, $35; Shust common stock, $27. April 1, 2015 A change in policy required the sale of 1,000 shares of Vanhook Corporation common stock at $38. July 1, 2015 Received a cash dividend from Shust Corporation equal to $.30 per share. Dec. 31, 2015 Quoted market prices at year end: Vanhook common stock, $39; Shust common stock, $22. The entry to record the sale of 1,000 shares of Vanhook Corporation common stock is: A) Long-Term Investments 38,000 Cash 38,000 B) Long-Term Investments 38,000 Allowance to Adjust Long-Term Investments to Market 38,000 C) Allowance to Adjust Long-Term Investments to Market 38,000 Cash 38,000 D) Cash 38,000 Loss on Sale of Investments 2,000Long-Term Investments 40,000
People below the age of majority are considered minors
Indicate whether the statement is true or false
What percentage of sales from new products is indicative of industry leaders?
A) 50% B) 7.5% C) 10 to 15% D) above 75% E) 20 to 25%
Aggregate forecasts are usually more accurate than disaggregate forecasts because
A) aggregate forecasts tend to have a larger standard deviation of error relative to the mean. B) aggregate forecasts tend to have a smaller standard deviation of error relative to the mean. C) disaggregate forecasts tend to have a smaller standard deviation of error relative to the mean. D) disaggregate forecasts tend to have less standard deviation of error relative to the mean.