By applying the law of large numbers the insurance companies can predict the loading expenses
Indicate whether the statement is true or false
FALSE
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The chance you take of making or losing money ?on an investment is known as financial risk.
Answer the following statement true (T) or false (F)
External failure costs occur ________ a defective product makes its way to the customer, while internal failure costs occur ________ a defective product makes its way to the customer.
A. after, after B. after, before C. before, before D. before, after
When actual performance varies from the budgeted performance, managers will be more likely to revise future budgets if the variances were
a. controllable rather than uncontrollable. b. uncontrollable rather than controllable. c. favorable rather than unfavorable. d. small.
________ costs are the benefits forgone by choosing one alternative over another and are relevant costs for decision–making purposes
a. Opportunity b. Irrelevant c. Fixed d. Sunk