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Prudential Insurance Company of American Had to Take a $2

Question 23

Multiple Choice

Prudential Insurance Company of American had to take a $2.6 million charge against earnings because:


A) it failed to tell stockholders of an impending decline in earnings at the company.
B) of bad investments in shopping centers and junk bonds that reduced profits.
C) the company let its salespeople use deceptive sales practices that encouraged customers to trade in old policies.
D) it opened too many branch offices and staffed them with unethical salespeople.
E) none of the above.

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