Jim would like to start a business raising thoroughbred racehorses. Obtaining insurance on the horses is a key concern, and he was dismayed to learn that none of the insurers authorized to operate in his state offer this specialty insurance

What is the name of the intermediary that Jim can use to place this coverage with an insurer not admitted to his state?
A) alien insurer
B) general agent
C) surplus lines broker
D) direct writer

Answer: C

Business

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Vernon argues that pioneering firms in the United States kept production facilities closer to the market and centers of decision making because:

A. of the uncertainty and risks inherent in introducing new products. B. they believed that foreign production facilities were inferior in technical skills. C. they believed that U.S. labor costs were much lower than those in foreign markets. D. the U.S. government was critical of outsourcing production to other countries. E. of the high trade barriers implemented by several Asian and European countries.

Business

What are some effective strategies for dealing with negative emotions at the bargaining table?

What will be an ideal response?

Business