The policy reserve at the end of any given policy year is called the
A) terminal reserve.
B) unearned premium reserve.
C) mean reserve.
D) initial reserve.
Answer: A
You might also like to view...
The Sarbanes-Oxley Act orders the SEC to hold chief executives and CFOs responsible for the accuracy of their company's financial statements
Indicate whether the statement is true or false
______ occurs when lower expectations lead to lower performance.
A. Pygmalion effect B. Galatea effect C. self-fulfilling prophecy D. Golem effect
A superior example of a company vision that is short, specific, memorable, clearly articulated, and forward-looking is
A. Whole Foods' vision "to be a dynamic leader in the quality food business. We are a mission-driven company that aims to set the standards of excellence for food retailers. We are building a business in which high standards permeate all aspects of our company. Quality is a state of mind at Whole Foods Market." B. Hilton Hotel's vision "to fill the earth with light and the warmth of hospitality." C. Keurig's vision "to become the world's leading personal beverage systems company." D. Google's vision "to organize the world's information and make it universally accessible and useful." E. Nike's vision "to create products, services and experiences for today's athlete while solving problems for the next generation."
The ________ says that new types of retailers enter the market as low-status, low-margin, low-price operators and then, if successful, evolve into more conventional retailers offering more services with higher operating costs and higher prices.
A. mass-merchandising concept B. production concept C. sales concept D. break-even analysis E. wheel of retailing theory