In an expenditure cycle diagram, which of the following is an example of an event that larger organizations might want to include in their extended REA model?

Which of the following is NOT considered to be insurer expenses?

A) Maintenance costs B) Policy premiums C) Employees' salaries D) Utilities

Which of the following is an example of a first-mover advantage?

A. The ability to create switching costs that tie customers into one's products or services B. The avoidance of pioneering costs that a later entrant into the foreign market has to bear C. The increased probability of surviving in a foreign market D. The opportunity to observe and learn from the mistakes of other entrants E. The ability to let later entrants ride ahead on the experience curve