Which of the Following Statements About Stock Insurance Companies Is

question 33

Multiple Choice

Which of the following statements about stock insurance companies is true?

• A)stockholders provide operating capital and receive dividends
• B)they are nonprofit organizations
• C)the insureds own the company
• D)they are more likely to provide lower cost insurance than mutuals

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Definitions:

Ethical Concern

Issues or situations that require a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Organisational Analysis

A systematic study of an organization's structure, functions, and dynamics to identify areas of improvement or development.

External Environment

Factors outside an organization that can affect its performance, including economic, political, social, and technological aspects.

Moral Principles

Fundamental beliefs regarding what is right and wrong that serve as a foundation for ethical behavior and decision-making.