By applying the law of large numbers the insurance companies can predict the loading expenses

Indicate whether the statement is true or false


FALSE

Business

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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)

Business

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

Business

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.

Business

________ 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

Business