The unearned premium reserve of an insurer is
A) an asset representing the investments made with premium income.
B) a liability representing the unearned portion of gross premiums on outstanding policies.
C) a liability representing claims that have been filed, but not yet paid.
D) the portion of the insurer's net worth belonging to policyowners.
Answer: B
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The term "accounting independence" refers to
a. data integrity b. separation of duties, such as record keeping and custody of physical resources c. generation of accurate and timely information d. business segmentation by function
Identify three possible media a company might use to implement a digital brand strategy
What will be an ideal response?
The primary value of ________________ efforts is not so much the strategic plans that are created but rather the transformation in strategic thinking that results from this activity.
Fill in the blank(s) with the appropriate word(s).
____________ is a process of providing general direction from a position of influence to individuals or groups toward the successful attainment of goals.
a. Management b. Leadership c. Empowerment d. Motivation