Many Group Insurers Contact Employers and Arrange for Their Individual

question 10

Multiple Choice

Many group insurers contact employers and arrange for their individual insurance producers to meet with interested employees at the workplace to conduct sales interviews.This distribution method is called a

• A)mixed marketing program.
• B)worksite marketing program.
• C)cafeteria plan.
• D)mass merchandising program.

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Definitions:

Consolidation Adjusting Entries

Journal entries made in the process of preparing consolidated financial statements to eliminate intercompany transactions and balances.

Group Profit

is the total earnings of a conglomerate, calculated after all expenses and taxes, resulting from the operations of all its subsidiaries.

Retained Earnings

The portion of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt.