Vendors do not ever include the bill with the materials delivered to the job site or picked up by an employee

Which of the following statements about adverse selection is most correct?

A. Adverse selection means those individuals with greater health risk are more likely to purchase health insurance B. The adverse selection problem exists because of asymmetric information (applicants have better knowledge of their health status than insurers have) C. Historically, underwriting provisions were used to minimize the adverse selection problem D. Statements a and b are both correct E. Statements a, b, and c are all correct

Development costs are best described as:

A) costs that are associated with individual products that do not vary with sales volume. B) expenses involved in bringing new products to the market. C) costs that must ultimately be covered by revenues from individual products, but are not associated with any one product. D) the per-unit costs of making the product or delivering the service.