Which of the following types of health insurance policies prevents the insurer from changing the premium rate or modifying the coverage in any way?
A) Cancelable
B) Noncancelable
C) Guaranteed renewable
D) Optionally renewable
Ans: B) Noncancelable
Business
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Calculate the required rate of return for Mercury Inc., assuming that the real risk-free rate is equal to 4% and the market risk premium (note that is not the same as the market return) is 6%
Mercury has a beta of 1.5, and its realized rate of return has averaged 15% over the last 5 years. A) 6% B) 16% C) 18% D) 13% E) 17%
Business
________ is the determination of the broad uses to which organizational resources will be deployed and the resolution of conflicts among the myriad of participants in organizations
A) Vision B) Mission C) Corporate governance D) Goals E) Objectives
Business