An agent for Zephyr Insurance Company, equipped with business cards, sample Zephyr policies, and an Zephyr rate book, informs a prospect that Zephyr has given him unlimited binding authority. The prospect assumes this is true. Which of the following terms correctly defines the agent's authority in this case?

All of the following are characteristics of PPOs EXCEPT:

A) flexibility. B) managed health care. C) limited physician choice. D) fixed fee medical services.

Holding other things constant, a firm's "discretionary financing needed" (the additional funds required in order to finance the firm) would be reduced if the firm experienced an increase in which of the following?

A) The dividend pay-out ratio B) The profit margin C) The accounts receivable average collection period D) The expected growth rate in sales