Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur during the policy period. II. To pay premium refunds to policyholders in the event of cancellation

A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: C

Business

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Dave is a salesperson who takes a long time to make decisions. He loves sales because he responds well to the pressure he faces in the many new or uncertain situations he encounters as a salesperson. Like most successful salespeople, he is high in his tolerance for ambiguity. Dave likely has a(n) _____ decision-making style.

A. directive B. conceptual C. ambiguous D. behavioral E. analytical

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The distinctive models of living of a society or some of its segments refers to ________

A) geo-demographics B) lifestyles C) psychometrics D) demographics E) usage segments

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Country and segment are units of analysis for market screening.

Answer the following statement true (T) or false (F)

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One of the key demographic changes is that the workforce is becoming more ______.

a. complicated b. monetarily driven c. diverse d. streamlined

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