If a company learns from successes based on trial and error, a vision emerges.

Which of the following statements regarding a producer's authority is NOT correct?

A) An agent's apparent authority may be binding on an insurer under the law of agency. B) Advising an applicant to answer certain questions in a manner in order to pass underwriting is an example of apparent authority. C) Reviewing a prospective applicant's insurance program and recommending the purchase of a particular product is an example of implied authority. D) Soliciting and negotiating insurance contracts on the company's behalf are considered part of an agent's express authority."

A growing perpetuity, where the rate of growth is greater than the discount rate, will have an infinitely large present value (PV)

Indicate whether this statement is true or false.