Which of the following insurance companies are organized and incorporated under state laws but have no stockholders?
A) Mutual insurers
B) Stock insurers
C) Lloyd's of London
D) Reciprocal insurers"
Answer: A) Mutual insurers
Business
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An account that normally has a debit balance may occasionally have a credit balance.
a. true b. false
Business
Which of the following is not a problem in firms with a tall organizational structure?
a. Motivational problems b. Wide spans of control c. Information distortion d. High managerial costs e. Coordination problems
Business