ABC Insurance Company would like to begin offering depository and lending services to its policyowners. ABC Insurance Companyp urchased a small credit union, and through the credit union, ABC offers these services to their policyowners. This scenario illustrates:

(a) insurance company mergers and acquisitions
(b) formation of an enterprise risk management plan
(c) insurance broker mergers and acquisitions
(d) cross-industry consolidation

Ans: (d) cross-industry consolidation

Business

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Indicate whether the statement is true or false

Business

The demise of communism as an economic and political system can be explained by all of the following facts except:

A) communism is not an effective economic system. B) relatively superior performance of the world's market economies. C) communism works when the currency exchange rate is weak. D) difficult to manage national economies with a single central plan. E) increased public participation in matters of state.

Business