Which of the following is a type of insurance where an insurer transfers loss exposures from policies written for its insureds?
A) Treaty insurance
B) Reinsurance
C) Mutual insurance
D) Captive insurance
Ans: B) Reinsurance
Business
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Under a defensive strategic market plan, a particular product generates sales revenue of $32 million at a market share of 15 percent
If the business generates a gross profit of $7 million, calculate the percent margin on sales realized by the business. A) 21.8% B) 46.8% C) 10.5% D) 38.6% E) 15%
Business
Failure to consider the effects of learning can lead to ________ of labor needs
Fill in the blanks with correct word
Business