Pro forma statements are tools used by the company to help highlight areas that the company needs to avoid as part of its short-term financial planning

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: Pro forma statements are tools used by the company to help highlight areas that the company needs to MONITOR as part of its short-term financial planning.

Business

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When a business doesn't have control of all the environmental forces, it is called __________ design. For example, Acme Medical relies on predictions and contingencies to cope with unexpected input. Last year, an influenza epidemic affected suppliers, personnel, and even customers, causing lost production and lost profit.

Fill in the blank(s) with the appropriate word(s).

Business

An insurance producer is often responsible for field underwriting during the application process. All of these are possible field underwriting roles EXCEPT

A) providing disclosure information to the applicant B) collecting initial premium C) policy delivery D) providing commission information to the applicant

Business