Which of the following statements about judgment rating is true?
A) It involves the manual rating of exposures.
B) It is used when the loss exposures are so diverse that a class rate cannot be calculated.
C) It is a form of experience rating.
D) It is only used when credible loss statistics are available.
Answer: B
Business
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When a firm develops structural bonds with its customers by offering unique value added services, it is operating at__________of relationship marketing
Fill in the blanks with correct word.
Business
Which of the following types of costs is an allocated cost based on the use of the plant, equipment, and other fixed expenses needed to run the production operation?
A) variable costs B) manufacturing overhead costs C) corporate overhead costs D) research and development expenses E) marketing sales and expenses
Business