Preferred risk policies with reduced premiums are issued by insurance companies because the insured has

A) a higher face amount than average
B) a better ability to pay premiums over a long period of time
C) worse than average mortality or morbidity experience
D) better than average mortality or morbidity experience

Ans: D) better than average mortality or morbidity experience

Business

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________ involves entering a foreign market by establishing foreign-based manufacturing facilities

A) Exporting B) Direct investment C) Joint venturing D) Contract manufacturing E) Direct exporting

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