Sarah owns a property and liability insurance agency. She is authorized to represent several insurance companies and she is compensated by commissions. Sarah's agency owns the expiration rights to the business she sells. Sarah is a(n)
A) independent agent.
B) exclusive agent.
C) direct writer.
D) insurance broker.
Answer: A
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Marcos Inc had net income for 2014 of $40,000 . It declared and paid a $3,500 cash dividend in 2014 . If the company's retained earnings for the end of the year was $38,200, what was the company's retained earnings balance at the beginning of 2014?
a. $81,700 b. $74,700 c. $5,300 d. $1,700
Which of the following items would not be used in the calculation of the cost-to-retail ratio if the FIFO retail inventory method were used to determine the ending inventory?
A) net markdowns B) purchases C) beginning inventory D) freight-in charges
Why is communication so important in M&As?
a) Reduce employee anxiety b) Build an understanding of the new organizational identity c) Overcome language differences d) All of the above
An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on three factors: A, B, and C, with weights of .50, .20, and .30, respectively
She has scored one potential outsourcer, Ling Services, on each of the factors using a scale of 10-50. Ling Services received a score of 30 for factor A, 46 for factor B, and 22 for factor C. What is the factor-rating score for Ling Services? A) 98.0 B) 32.7 C) 21.8 D) 29.2 E) 30.8