Mark purchased a boat owners package policy. While using his boat, he negligently hit a pier. A person standing on the pier fell and was severely injured
Which of the boat owners package policy coverages will respond to a lawsuit filed as a result of this negligent act?
A) physical damage coverage
B) liability coverage
C) medical expense coverage
D) uninsured boaters coverage
Answer: B
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How does the “Ethical Climate” survey differ from the other two most popular ethical culture surveys/measures?
a. It focuses on the behavior of lower and middle managers instead of upper management. b. It does not primarily focus on the behavior of managers. c. It is the shortest of the three measures. d. It does not measure awareness of the organization’s ethics code.
Payments on installment notes normally include accrued interest plus a portion of the principal amount borrowed.
Answer the following statement true (T) or false (F)
Which financial statement matches asset increases from operating a business with asset decreases from operating the business?
A. Statement of cash flows B. Balance sheet C. Income statement D. Statement of changes in equity
One problem with _____ is that in practice it has led to self-interested reasoning.
Fill in the blank(s) with the appropriate word(s).