Prudential and several other large insurance companies have joined together to underwrite an extremely large insurance policy. This sort of association is referred to as a(n)
A) syndicate.
B) cooperative.
C) conglomerate.
D) alliance.
E) vertical merger.

Question

Quizplus · Accepted Answer

The term "syndicate" refers to a group of individuals or organizations that come together to pool their resources and accomplish a common goal. In this case, Prudential and several other large insurance companies are joining together to underwrite an extremely large insurance policy, which constitutes a syndicate.

Prudential and Several Other Large Insurance Companies Have Joined Together