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Author Question: Scott had trouble obtaining auto insurance. After three companies refused to insure him, he called ... (Read 35 times)

tingc95

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  • Posts: 556
on: Jul 11, 2018
Scott had trouble obtaining auto insurance. After three companies refused to insure him, he called the state insurance department.
 
  A representative suggested he obtain coverage through Last Chance Insurance Company because that's all they insurehigh-risk drivers. Scott contacted Last Chance. He was not refused coverage; however, the premium Scott was required to pay was three times greater than the average premium in the market. Last Chance Insurance Company is a(n)
  A) reinsurance facility.
  B) automobile insurance plan.
  C) specialty auto insurer.
  D) joint underwriting association.

Question 2

Which of the following goals of the firm are synonymous with the maximization of shareholder wealth?
 
  A) Profit maximization
  B) Risk minimization
  C) Maximization of the total market value of the firm's common stock
  D) None of the above


Kaytorgator

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

C


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