« previous next »

Author Question: Scott had trouble obtaining auto insurance. After three companies refused to insure him, he called ... (Read 33 times)

tingc95

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Types of Health Insurance Service Coverage Types of Health Insurance Service Coverage
Obtaining a Throat Culture Obtaining a Throat Culture
Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin
economic question (having trouble) economic question (having trouble)
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library