If the experimental design called for the respondents to be randomly assigned to one of three experimental groups and for one of three versions of a test commercial to be randomly administered to each group, this design would be using ________

Which statement is true with regard to agents and brokers?

I. Life insurance agents typically have greater authority to bind coverage than do property and liability insurance agents. II. Brokers legally represent insurance purchasers, not insurers. (a) I only (b) II only (c) both I and II (d) neither I nor II

An agreement between two or more parties that creates enforceable rights or obligations. Contracts can be written, oral, or implied from customary business practice.

(a) bill-and-hold arrangement (b) contract (c) cosignor (d) continuing franchise fees