In insurance contracts, warranties:
A) are of little importance.
B) must be expressly included in the insurance contract.
C) only apply to the insurer, not the insured.
D) operate as conditions that must exist before the contract is effective or before the insurer's promise to pay is enforceable.
D
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Richard dislikes any type of conflict and tends to walk away and leave the area whenever any type of conflict arises. He also tries to give the impression that he is indifferent to the issue at the center of the conflict. What conflict management style does Richard use?
A. avoiding B. compromising C. competitive D. collaborative
Which cells have the wrong formula to calculate some items associated with the cash flows from operations?
I. cell B8
II. cell B9
III. cell B10
IV. cell B11
a) I and III
b) II and IV
c) I, II, and III
d) II, III, and IV
e) I, II, III, and IV
People most often base their opinions about products on which of the following?
A) personal feelings B) analysis of trusted experts C) rumors and speculation D) print advertising campaigns E) telemarketing pitches
Mary runs a ski shop at a popular ski resort. She is approached by Sandy who has several
hundred ski hats she would like Mary to buy for her shop. These hats are very funky and artistic. From Mary's experience, she believes that they will either be a big hit and will sell out quickly, or people will look at them and say, "how interesting" and move on. Mary says she does not want to be stuck with a bunch of the hats. Mary says that she will buy them, but wants Sandy to agree to take any back at the end of the season if they didn't sell and Mary decides to not keep them until the following season. This arrangement is: A) A sale or return. B) Not a contract because Mary has made an illusory promise. C) A consignment. D) A sale on approval.