Demutualization Refers to ________

question 87

Multiple Choice

Demutualization refers to ________.

• A)the conversion of mutual insurance companies from being owned by policy holders to stock holders
• B)the conversion of mutual fund companies from being owned by policy holders to stock holders
• C)the conversion of insurance companies from being owned by stock holders to policy holders
• D)the conversion of mutual fund companies from being owned by stock holders to policy holders

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Definitions:

Flexible Budget

A budget that is conceived to flex with variations in activity scale or volume.

Selling

The process involved in promoting and transferring ownership of a product or service to a customer in exchange for payment.

Administrative Expense

Costs associated with the general administration of a business, including salaries of non-sales personnel, office supplies, and rent, not directly tied to production or sales.

Tenant-Days

A metric used in property management, representing the total number of days that tenants occupy a space within a specific period.