A contract in which one insurer cedes all or part of a risk to another is known as
A) a participating policy
B) retro insurance
C) reinsurance
D) assuming insurance"
Ans: C) reinsurance
Business
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Considered design takes into account ecological impact at the beginning of a new product design process rather than as an afterthought
Indicate whether the statement is true or false.
Business
An accountant is uncertain about the best estimate of an amount for a business transaction. If two amounts are about equally likely, the amount least likely to overstate assets and income is selected. Which of the following qualities is characterized by this action?
a. Comparability b. Conservatism c. Materiality d. Neutrality
Business