GM and Toyota formed a joint venture of NUMMI, so GM could acquire knowledge about producing compact cars and Toyota could learn how to do business in the US. If Toyota quickly acquired knowledge from GM and then decided to terminate NUMMI prematurely. We often consider Toyota engaging in ________.

The distance between city A and city B is 25 miles; city A is 1/16 the size of city B. The point of indifference between the two cities is _____ miles from A and _____ miles from B

a. 15; 10 b. 18; 7 c. 20; 5 d. 22; 3

The accumulation of a reserve consisting of excess payments above the mortality cost in the early years of a policy is necessary for the:

A) deferred annuity plan B) minimum reserve standard C) level-premium plan D) yearly renewable-term plan