Facultative reinsurance is:
A) automatic, on a treaty basis
B) always revocable for first 30 days
C) arranged separately for each new exposure
D) placed with an alien insurer
C
You might also like to view...
________ is the product life cycle period when sales fall off and profits drop
A) Introduction B) Growth C) Maturity D) Decline E) Development
What themes that can be introduced in lectures or class discussions?
What will be an ideal response?
If an asset doesn't earn a return, its value is determined by supply and demand
Indicate whether this statement is true or false.
A salesman at a music store always begins by showing his customers high-priced instruments. When the customers refuse these, the salesman shows them the more economical models. Since the customers have turned down the first offer, they view the salesman's second offer as a concession and may feel inclined to buy the instrument. In this scenario, the salesman applies the
A. inoculation approach. B. rejection-then-retreat approach. C. scarcity approach. D. cognitive dissonance approach.