What do we call an insurer who has enough financial resources to only provide for all its liabilities and for reinsurance of all outstanding risks?

A. Solvent
B. Insolvent
C. Guaranteed
D. Compliant

Ans: B. Insolvent

Business

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Which of the following would not typically be used as an adjusting entry?

A. Debit Deferred Revenue and credit Service Revenue. B. Debit Interest Expense and credit Interest Payable. C. Debit Cash and credit Deferred Revenue. D. Debit Rent Expense and credit Prepaid Rent.

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Consumers can show their allegiance to retail outlets or product or service brands. Marketers can use this information to segment consumers by ________

A) life events B) loyalty C) values D) perception E) needs

Business