The term used to describe plans in which automobile insurers participate to make insurance available to drivers unable to obtain coverage in the standard market is the

A) foreign market.
B) fair market.
C) residual (shared) market.
D) high-premium market.

Answer: C

Business

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If Steve Templeton decides to close the plant in Kantron, what important business social responsibility will Steve Templeton accomplish?

A) moral minimum B) corporate citizenship C) maximizing profits D) stakeholder interest

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Which of the following best defines the term "proxy"?

A) It is a document that entitles its owner to special preferences relating either to dividends or to the distribution of assets. B) It is a document that entitles its owner to vote for a corporation's board of directors, receive dividends, and participate in the net assets upon liquidation of the corporation. C) It is a document authorizing its holder to purchase a stated number of shares of stock at a stated price, usually for a stated period of time. D) It is a document by which shareholders can transfer their rights to vote at a shareholders' meeting to a second party.

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