The principle of indemnity:
A) is illegal in many countries
B) reduces the occurrence of overstating claims
C) only applies in life and health insurance
D) eliminates insurance fraud
B
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Which of the following statements is false regarding a credit memorandum?
a. A credit memorandum is added to the balance per the company's books b. A credit memorandum could be issued for interest earned on checking balances c. A credit memorandum is issued when the bank collects a note for the customer. d. A credit memorandum is subtracted from the balance per the company's books.
When using the direct method, how is the collection of cash from customers shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Companies typically have either level one analysts or level one specialists; having both results in too much duplicity.
Answer the following statement true (T) or false (F)
______ can become an equalizer by providing ready access to knowledge and may also have an effect on work opportunities.
A. In-demand jobs B. Strategic advantage C. Information technology D. Source of power