Prior to passage of the Affordable Care Act, insurance policies typically contained a provision excluding coverage for impairments that were present or were treated during a specified period prior to the effective date of the policy
This provision is a(n)
A) time limit on certain defenses.
B) preexisting-conditions clause.
C) benefit period provision.
D) incontestable clause.
Answer: B
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Bell, Clem and May decide to liquidate their partnership. Net income or net loss is shared equally. The account balances are: Cash $4,000; Noncash Assets $44,000; Liabilities $8,000; Capital, Bell $10,000; Capital, Clem $20,000; Capital, May $10,000 . If the noncash assets are sold for $14,000, final cash distribution to Bell will be:
a. $8,000 b. $6,000 c. $0 d. $10,000 e. $14,000
Tim is wary of large crowds and won't approach the soda machine if there are five or more people at the machine. What percentage of the time does Tim forego a soda due to the large crowd?
The soda machine outside the lecture hall sees a steady stream of customers throughout the day. While the machine takes 4 seconds to deliver a can of carbonated sugar water once the button is pressed, the student customers introduce variation into the delivery process by pondering their selection for a while. Thus, we can safely say that the service time is governed by a negative exponential probability distribution that averages 10 seconds. Over the course of a twelve hour lecture day, students arrive at the rate of 240 per hour, Poisson distributed of course. A) 30% B) 20% C) 13% D) 9%
Which institution is in charge of monetary policy relating to the euro?
A) The European Central Bank B) The Eurozone Bank C) The World Trade Organization D) The International Court of Justice
Each of the following dictates what functionality a Webstore should have and how a Web site should be developed except the
A) budget. B) product line. C) business type. D) competition.