One of the disadvantages of licensing is that it requires the licensor to make a high capital investment in the foreign market

Takt time is the cycle time needed to maximize utilization of an organization's workers and equipment

Indicate whether the statement is true or false

ABC Insurance Company entered into a reinsurance agreement with XYZ Reinsurance

Under the contract, XYZ Re has no liability unless ABC's loss ratio exceeds 85 percent for the year. XYZ Re agreed to pay all losses in excess of the 85 percent loss ratio. ABC Insurance Company is using reinsurance to A) stabilize profits. B) reduce the unearned premium reserve. C) provide large risk capacity. D) retire from a line or territory.