Which of the following statements about the investments of property and liability insurers is (are) true?
I. Income from investments is important in offsetting any unfavorable underwriting experience.
II. Because premium income is continually being received, the investment objective of liquidity is of little importance.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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During a negotiation men tend to
A. perceive negotiation as part of the larger context within which it takes place. B. seek empowerment when there is interaction among all parties in the relationship. C. demarcate negotiating from other behaviors that occur in the relationship. D. None of these choices is correct.
The offeree must be objectively intended to be bound by the offer for the offer to be effective
Indicate whether the statement is true or false
Between 1890 and 1932, a legal view emerged that unions:
A. Were illegal because they interfere with free trade. B. Were unconstitutional because they violate First Amendment rights. C. Were legitimate but should be controlled by legal regulation to make sure they are serving the public interest. D. Were necessary to a free, democratic society.
The bargaining power of suppliers and customers will impact the profitability of the industry because:
A) powerful suppliers can exert pressure to raise prices. B) powerful customers can exert pressure by forcing down prices. C) powerful customers can exert pressure by demanding higher quality. D) All of the above.