When critics argue that insurance, real estate, and used cars are sold, not bought, they are accusing marketers of ________

In the event of a corporate liquidation, preferred stockholders ________

A) are guaranteed to receive a full refund of the stock purchase price B) have first claim on remaining corporate assets after debts are paid C) are guaranteed to receive the par value of the preferred stock D) may retain their proportionate share of voting rights

The underwriting process begins with the

A) agent. B) desk underwriter. C) inspection report. D) actuary.