A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the

A) mutual insurer
B) reinsurer
C) reciprocal insurer
D) participating insurer

Ans: B) reinsurer

Business

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Souder's model selection criterion that encourages ease of adaptation to changes in tax laws, building codes, among others, is called:

A) Ease of use. B) Cost. C) Capability. D) Flexibility.

Business

Which of the following is NOT a lever in an integrated supply chain?

A) collaborative activities by supply chain partners B) reduced replenishment lead times C) reduced order lot sizes D) elimination of product shortages and backorders

Business