A captive agent is:
A) an insurance agent who represents only one insurance company.
B) a federal insurance agent who can sell low-cost flood insurance coverage.
C) an independent agent who can insure homeowners and tenants together for flood insurance.
D) an automobile insurance agent who insures only other insurance agents.
E) a claims adjustor who assesses the probability of law violations during an investigation.
A
You might also like to view...
Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$ 567,000Average operating assets$3,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 The company's minimum required rate of return is 20%.The residual income for this year's investment opportunity when considered alone is closest to:
A. $153,000 B. ($27,000) C. $179,100 D. $0
How is the concept of industrial democracy consistent with the traditional values of the United States democratic system?
Fill in the blank(s) with the appropriate word(s).
Under which circumstance can an alliance be considered just a convenient business arrangement rather than "strategic"?
A. The alliance helps the company obtain additional financing on better credit terms. B. The alliance helps block a competitive threat. C. The alliance helps build, enhance, or sustain a core competence or competitive advantage. D. The alliance is critical to the company's achievement of an important objective. E. The alliance helps open up important new market opportunities.
Executives in Japan decided to price Lexus luxury cars in the United States at $55,000 while pricing them at $66,000 in their own country. This is an example of
A. secondary-market pricing. B. price skimming. C. reference pricing. D. odd-number pricing. E. random discounting.