In a reinsurance transaction, the ceding commission is paid by
A) the insured to the ceding company.
B) the reinsurer to the ceding company.
C) the ceding company to the insured.
D) the ceding company to the reinsurer.
Answer: B
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While the early Greek philosophers Plato and Aristotle thought conflict a bad thing which later philosophers thought it a good thing?
a. Thomas Hobbes b. Socrates McSporran c. Karl Marx d. G. F. W. Hegel
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in cash remaining and vouchers for miscellaneous expenses totaling $400. If the entries to record the disbursements and to replenish the fund are combined, what effect will the resulting entry have on the elements of the' financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.(400) NA (400)NA 400 (400)(395) OAB.(400) NA (400)NA 400 (400)(400) OAC.(500) NA (500)NA 500 (500)(500) FAD.(395) NA (395)NA 400 (395)(395) OA
A. Option A B. Option B C. Option C D. Option D
The public is becoming more aware of how marketers' activities affect the welfare of consumers and society. As a result, more firms are working to?
A. ?raise prices in order to increase their profits so that they can contribute to philanthropic causes. B. ?reduce the quality of their products in order to save money and provide less expensive products to their consumers. C. ?reduce their profits by donating more time and money to improve social welfare and environmental conditions. D. ?enact laws requiring companies to work toward the welfare of customers and society E. ?create a responsible approach to developing long-term relationships with customers and society.
A posthumous heir can never inherit from a decedent
Indicate whether the statement is true or false