The purpose of _________ is to monitor performance and take corrective action as needed to ensure that objectives are met

In terms of foundations and frameworks for ethical guidelines, the philosophy of life that believes in maximizing pleasure and minimizing pain is:

A) utilitarianism B) individualism C) hedonism D) homeostasis

All of the following statements about the independent agency system are true EXCEPT

A) Agents are often authorized to adjust small claims. B) Agents are compensated on the basis of commissions. C) The insurer rather than the agent owns the renewal rights to the business. D) The agent is an independent business person who represents several insurers.