Which of the following statements about risk-bearing financial institutions is not correct?
A) They are a good example of creating self-insurance by the customers of these institutions.
B) They allow its customers to transfer their financial risks to the institution for a fee.
C) They capitalize on their size to mitigate risks.
D) They finance the cost of any losses by the fees they get from their customers.
A
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If a production process produces several products, which of the following can be allocated as a joint cost?
a. direct material and overhead. b. direct material and direct labor. c. direct labor and overhead. d. direct material, direct labor, and overhead.
The power to create laws regulating international commerce is given jointly to Congress and the states under the U.S Constitution
Indicate whether the statement is true or false
In the case of a manufacturing company, which of the following is an example of a value-creation process?
a. Product designing b. Human resource services c. Public relations d. Legal services
Which of the following characteristics is NOT part of the behavioral approach, Giving Voice to Values?
A. Used post-decision-making B. Capacity to express one's values C. Employs traditional philosophical reasoning D. Counteracts reasons and rationalizations