A loss reserve established for each individual claim when it is reported to a property and casualty insurance company is call a(n)
A) admitted asset.
B) incurred-but-not-reported (IBNR) reserve.
C) unearned premium reserve.
D) case reserve.
Answer: D
Business
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Industry boundaries are blurring rapidly as companies identify new opportunities at the intersection of two or more industries. This is called ________
A) globalization B) customization C) industry convergence D) disintermediation E) privatization
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Lot size refers to the total number of units a channel can transmit from the manufacturer's place to the service outlet
Indicate whether the statement is true or false
Business