« previous next »

Author Question: Scott had trouble obtaining auto insurance. After three companies refused to insure him, he called ... (Read 40 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?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
Biotechnology Companies and Fighting Cancer Biotechnology Companies and Fighting Cancer
Obtaining protein sequence information with tandem MS Obtaining protein sequence information with tandem MS
Snap-ring pliers are also called lock-ring pliers, and they are designed to remove internal and ... Snap-ring pliers are also called lock-ring pliers, and they are designed to remove internal and ...
The illusory bands visible in this figure are often called Mach bands, although Mach used a ... The illusory bands visible in this figure are often called Mach bands, although Mach used a ...
A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library