The anticipated industry environment is fundamentally___________If it presents a company with good opportunity for ___________ ______________ ____________.
Fill in the blank(s) with the appropriate word(s).
Ans: attractive; above-average profitability
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A written provision that adds to, deletes from or in some other way alters an insurance contract is called a(n):
(a) deductible (b) endorsement or rider (c) binder (d) coinsurance provision
Boland Manufacturing prepared a 2016 budget for 120,000 units of product. Actual production in 2016 was 130,000 units. To be most useful, what amounts should a performance report for this company compare?
a) The actual results for 130,000 units with a new budget for 130,000 units. b) The actual results for 130,000 units with last year's actual results for 134,000 units. c) It doesn't matter. All of these choices are equally useful. d) The actual results for 130,000 units with the original budget for 120,000 units.