A large property and liability insurance company merged with a bank and then acquired a stock brokerage company. This type of merger and acquisition activity is categorized as

1.insurance company consolidation.

2.cross-industry consolidation.

3.insurance brokerage consolidation.

4.financial risk management.

The process of determining which set of investments in plant and equipment to undertake is called

1.capital budgeting.

2.loss forecasting.

3.time value of money analysis

4.regression analysis.

the purpose of a coordination-of-benefits provision in group health insurance plans is to

1.determine which health care provider an insured may use for his or her care.

2.determine which plan pays first if more than one plan covers a loss.

3.determine if the employee is eligible for coverage under the group health plan.

4.determine if the calendar-year deductible has been satisfied by the insured.