The authority that an insurer gives to its agents by means of the agent's contract is known as
A) express authority
B) implied authority
C) general authority
D) fiduciary responsibility"
Ans: A) express authority
Business
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Enoch, Inc. began operations on July 1, 2011. On August 1, it received $12,000 in advance for services to be performed evenly over the next 12 months. How much unearned revenue should the company report on its balance sheet at August 31, 2011?
A) $12,000 B) $1,000 C) $11,000 D) $5,000
Business
The parameters of nonlinear models have exponents _____
a. larger than 0 b. other than 1 c. only equal to 2 d. larger than 3
Business