Which of the following losses is generally covered under a commercial umbrella policy?
A) liability arising out of workers compensation laws
B) liability arising out of pollution
C) liability arising out of use of a business auto
D) the cost of recalling defective products
Answer: C
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The person who promises to pay a certain amount of money at a definite future time is called the
a. maker of the note. b. payee of the note. c. discounter of the note. d. endorser of the note.
If the December 31, 2016, balance of accounts receivable is higher than the January 1, 2016, balance, then the amount of cash collections will be less than the sales on account for the year
a. True b. False Indicate whether the statement is true or false
Four purposes or advantages for budgeting involve planning, coordination, performance measurement, and punitive action.
Answer the following statement true (T) or false (F)
The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to
A. create smaller social networks. B. increase social capital. C. restrict social network growth. D. make more effective use of time in every situation.