A members-only shopping club, where members can buy goods at large discounts describes
A) specialty club.
B) membership-based club.
C) exclusive club.
D) private shopping club.
D
Business
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LMN Insurance Company is concerned about its exposure to hurricane losses for property risks it insured on the Gulf Coast. LMN borrowed money from investors by issuing financial securities
LMN promised to repay the money it borrowed with interest if hurricane losses do not exceed a specified level. If hurricane losses exceed the specified level, LMN will repay less than it borrowed and use the extra money to fund hurricane losses. The securities that LMN issued are A) call options. B) futures contracts. C) weather options. D) catastrophe bonds.
Business
Why are vision and mission statements not a substitute for strategy?
What will be an ideal response?
Business