Which of the following statements about problems arising from the use of a coinsurance clause is (are) true?
I. The amount of insurance should be periodically evaluated to avoid a coinsurance penalty because of inflation.
II. An agreed value coverage option is one method used to solve the problem of values that fluctuate throughout the policy term.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Which of the following is one of the factors related to richness of communication?
A) the number of people reached B) the cost of communication C) possibility of customization D) the time required for communication
What is achieved by posting the following closing entry?
a. Transfers the debit balance of the Factory Overhead account to the Income Summary account. b. Transfers the credit balance of the Factory Overhead account to the Income Summary account. c. Transfers the amount of actual factory overhead to the Income Summary account. d. Closes the Income Summary account to the Factory Overhead account. e. Closes the Income Summary account to the Work in Process account.
Briefly discuss some of the guidelines you need to follow before a presentation
The weighted moving average forecast tends to?
a. Weight each period equally b. Weight recent demand more lightly c. Weight recent demand more heavily d. Give each period a weight of zero