If an agent currently has an inactive license, this means
A. The agent can transact any insurance which is authorized by that license.
B. The agent is restricted to transacting only in California and no other state.
C. The agent can only transact insurance business that is approved by his managing general agent.
D. The agent cannot transact any insurance business for which a valid license is required.
Ans: D. The agent cannot transact any insurance business for which a valid license is required.
Business
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The time required to change a machine from making one product or service to the next is called:
A) cycle time. B) setup time. C) queue time. D) hold time.
Business
IFRS and U.S. GAAP include the same four items in Other Comprehensive Income
Indicate whether the statement is true or false.
Business