3-85 Which of the Following Is an Advantage of Converting

question 23

Multiple Choice

3-85 Which of the following is an advantage of converting from a mutual insurance company to a stockholder-controlled company?

• A)Publicly held companies have access to equity markets for additional capital for future business expansion.
• B)Mutual organizations are subject to higher regulatory standards than public companies.
• C)Ability to offer more insurance products than those allowed under mutual ownership.
• D)Publicly held insurance companies can convert to federal charters but mutual organizations cannot.
• E)Mutual organizations can only underwrite policies in the state in which they are chartered while publicly held organizations can expand nationwide.

Grasp the importance of listening in professional development and business success.

Understand methods for retaining important information and strategies for preventing mind wandering during listening.

Recognize cognitive biases and barriers in listening and communication.

Understand the role of nonverbal communication in the business context and its impact on professional interactions.

---

Definitions:

Customer Cost Analysis

The process of analyzing and evaluating the costs associated with acquiring and retaining customers, often used to inform pricing and marketing strategies.

Time-Driven Activity-Based Costing

A costing method that assigns costs to products or services based on the actual amount of time they consume, using an hourly cost rate.

Tech Support Department

A segment within a company that handles technical queries and issues faced by users of its products or services.

Potential Adjustment

A modification or change that may be required or proposed for future consideration.