A captive agent typically represents two to ten different insurance companies.
Answer the following statement true (T) or false (F)
False
Rationale: A captive agent represents only one insurance company. See 10-5: Buying Insurance and Settling Claims.
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The tests that focus on the system itself and how it is designed to reduce risk is called ____________________
Fill in the blank(s) with correct word
The Supreme Court's approach during the period from the 1950s through the 1970s in deciding cases on constitutional grounds is described as
a. judicial restraint. b. judicial activism. c. judicial review. d. the dormant aspect of its judicial power.
Indicate whether each of the following statements is true or false.The total flexible budget materials variance can be broken down into a price variance and a rate variance. ______If the materials price variance was $3,000 unfavorable and the materials usage variance was $2,000 favorable, the flexible budget materials variance was $1,000 unfavorable. ______If the actual quantity of material used was 10,000 pounds, the actual price per pound was $2.40, and the standard price per pound was $2.25, the materials price variance was $1,500 unfavorable. ______The production department normally is considered to be responsible for materials price variances. ______Analyzing both favorable and unfavorable variances can improve efficiency and benefit the entire company. ______
What will be an ideal response?
Which of the following statements is most accurate as concerning fiber-optic cables?
A) Plastic is less expensive to manufacture, but works over shorter distances. Glass is more expensive, but works over greater distances. B) Glass is less expensive to manufacture, but works over shorter distances. Plastic is more expensive, but works over greater distances. C) Plastic is less expensive to manufacture, but works over greater distances. Glass is more expensive, but works over shorter distances. D) none of the above