Perils insured under Dwelling Property 1 (basic form) include which of the following? I. Earthquake II. Smoke
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Authority is different from power. Power is ______.
a. broader in scope b. narrower in scope c. always formal d. always informal
As a characteristic of services, intangibility refers to the fact that a service ________.
A. cannot be seen, heard, tasted, or felt by a customer B. can be experienced by a customer before utilization C. can be experienced through the physical senses D. is produced and consumed at the same time E. quality can only be as good as that of the provider himself or herself
Which of the following definitions describes an endorsee of a note?
A. a person who endorses a bill or note as a guarantor B. a person to whom a bill or note is to be paid C. a person who receives an endorsed note from an endorser D. a payee who has endorsed and delivered a note to an endorser
In most sales, sellers warrant that they have good and valid title to the goods sold
a. True b. False Indicate whether the statement is true or false