Which of the following statements present financial information based on the cash basis of accounting?

A) Balance Sheet
B) Income Statement
C) Statement of Retained Earnings
D) Statement of Cash Flows

D

Business

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Which of the following is a reason why direct channels are prevalent?

A. Sales process delivers value B. Customers are large C. All of these D. Customers insist on it

Business

A captive agent who has an exclusive contract with an insurer may

A) represent only those consumers referred by the principal B) not represent another insurer selling an identical policy C) contract with other insurers to sell the same policy and provide the best service to consumers D) represent the customer in the sale of insurance"

Business