Use the information from Table 5.6. The highest efficiency for a balanced line is:
A) less than 89%.
B) more than 89% and less than 91%.
C) more than 91% and less than 93%.
D) more than 93%.
B
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Anna applied for a $2 million life insurance policy and paid the first premium but was later found to be uninsurable. The agent gave her a receipt that guarantees coverage until the insurer formally rejects her application. Which type of receipt did Anna receive?
A) Insurability B) Conditional C) Binding D) Approval
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Because they are intangible, durable goods normally require more quality control, supplier credibility, and adaptability than either services or nondurable goods
Indicate whether the statement is true or false
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