Which of the following statements about treaty reinsurance is true?
A) The reinsurer is required to underwrite each individual applicant that is reinsured.
B) The reinsurer must accept all business that falls within the scope of the treaty.
C) The ceding insurer can choose which business falling within the scope of the treaty it wishes to reinsure.
D) It protects the reinsurer by requiring the ceding insurer to charge adequate premiums.
Answer: B
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Which of the following is not true regarding Theory Y?
a. Employees define themselves by their profession. b. Employees are viewed as ambitious and capable of self-motivation. c. Workers may need little supervision. d. Collaboration is rare among employees. e. The employee may be a valuable source of feedback.
Because the key to success in business is obtaining and keeping customers, the most crucial form of competition is generally ________ competition, in which competition occurs for the same customers
A) product form B) product category C) generic D) budget