Another term for earnings power is

a. nonrecurrent revenue.
b. nonrecurrent gains.
c. sustainable earnings.
d. net change in equity.

C

Business

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Which statement is true with regard to agents and brokers?

I. Life insurance agents typically have greater authority to bind coverage than do property and liability insurance agents. II. Brokers legally represent insurance purchasers, not insurers. (a) I only (b) II only (c) both I and II (d) neither I nor II

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In a flow chart, activities or steps are usually indicated by _________________

a. squares and rectangles b. triangles and diamonds c. a series of arrows d. the color blue

Business