An applicant has the right to know that the insurance company will collect certain personal information about their credit, character and reputation. The insurer may gain such information from:

A ________ occurs when an agent makes an untrue statement that he or she knows is not true

A) partially disclosed agency B) misrepresentation C) respondeat superior D) dual-purpose mission

Financial ratios can reveal a lot about a company's liquidity, activity, and profitability

Indicate whether the statement is true or false.