Which of the following would not appear in the asset section of an insurance company's balance sheet?
A) loss reserves
B) bonds
C) common stock
D) real estate
Answer: A
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In monitoring sales in market tests, it is important to recognize that a large percentage of first-year factory sales represents:
A) sales to final customers. B) one-time stocking up by channels of distribution. C) increased growth of the product category. D) increased growth of the product type.
A method of assigning probabilities based on historical data is called the _____ method.
A. classical B. subjective C. relative frequency D. progressive
What effect does depreciation expense have on net income and cash flows?Net IncomeCash Flows
A.
| Decrease | None |
B.
| Increase | Increase |
C.
| Decrease | Increase |
D.
| Decrease | Decrease |
The consolidation of AB Corporation and YZ Corporation requires the affirmative majority vote of:
A) the boards of directors and shareholders of both corporations. B) the boards of directors of both corporations, but not the shareholders. C) the shareholders of both corporations, but not the boards of directors. D) the directors and shareholders of one of the corporations, but not both corporations.