While franchise outlets are throughout the world, Africa is the primary market for U.S. franchisers

According to the statistic trade-off theory:

A. debt should be used only as a last resort B. companies have an optimal level of debt C. the capital structure decision is irrelevant

Which statement is false concerning insurance company regulations?

A. Insurers may not advertise their membership in the Guarantee Association. B. An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent. C. The commissioner may begin conservation proceedings against companies who cannot meet solvency regulations. D. An insurer may be liquidated if conservation proves to be futile.