All the following are true about underwriting except:
A) a major purpose of underwriting is to reduce adverse selection against the insurance company
B) fair rates should be charged so that each group of insureds is not subsidized by other groups
C) the underwriter should select only those insureds that are expected to have no losses
D) the underwriter makes decisions based on criteria established by the company management
C
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At which of the following levels of competition must the marketer convince customers that the product form is the best in the product category?
A) product form competition B) product category competition C) generic competition D) budget competition
Compare and contrast intrinsic and extrinsic motivation.
What will be an ideal response?
Coworkers who drop by to chat can be one of the worst time wasters
Indicate whether the statement is true or false
A company's realized strategy evolves from one version to the next due to
A. pressures from shareholders to boost profit margins and pay higher dividends. B. the importance of keeping the company's business model fresh and up-to-date. C. the proactive efforts of company managers to improve the current strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategic maneuvers on the part of rival firms. D. changing management direction because of understanding several appealing strategy alternatives. E. ongoing turnover in the managerial and executive ranks (new managers often decide to shift to a different strategy).