When Lisa applied for a life insurance policy, the agent issued a receipt stating that the coverage is effective as of the date of application, if the applicant is found to be insurable under the company's general underwriting rules. This type of receipt is known as

The ___________ approach gives upper management a quick but thorough view of the organization via four indicators: customer satisfaction; internal processes; innovation and improvement activities; and financial measures

a. external audit b. balance sheet c. balanced scorecard d. RATER scale

Hedge funds commonly use financial leverage, which can: a. magnify their returns and magnify their losses

b. magnify their returns and limit their losses. c. reduce their risk and limit their losses. d. magnify their returns and not affect their risk.