Which of the following is one of the four major components of the marketing planning process?

A) allocating resources and monitoring
B) creating a business vision
C) creating a business mission
D) finalizing a business plan
E) completing a portfolio analysis

A

Business

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One who is authorized to carry out a single transaction or to perform a specified act is called a:

a. third party b. general agency c. principal special d. special agent

Business

Which of the following statements regarding policy dividends is CORRECT?

A) They are not available to insureds after a specified age, such as 60. B) They are the difference between the gross premium charged and the actual experience of the insurer. C) Though they may vary from year to year, they are guaranteed to be paid each year. D) They are issued on nonparticipating policies."

Business