Organizations that have a low margin of safety have an increased risk of loss

Pension fund management is a relatively small portion of the life insurance industry.

a. true b. false

Which of the following firms would be expected to have a high ROE?

A) a medical supply company that provides very precise instruments at a high price to large medical establishments such as hospitals B) a high-end fashion retailer that has a very high mark-up on all items it sells C) a brokerage firm that has high levels of leverage D) a grocery store chain that has very high turnover, selling many multiples of its assets per year