The insurable interest in a piece of property must exist at the time of loss
Indicate whether the statement is true or false
TRUE
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Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $960,000 Less expenses: Variable production costs$464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $(40,000)Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable.Assume that dropping Product JYMP will have no effect on other products. The annual financial
advantage (disadvantage) for the company of eliminating this product should be: A. ($132,000) B. ($92,000) C. $40,000 D. ($172,000)
With respect to the brand building pyramid, at which of the following "building block levels" would we expect the consumer to develop an intense, active loyalty?
A) salience B) imagery C) feelings D) judgments E) resonance
Sometimes a change in estimate and a change in accounting principle are undistinguishable therefore a company should account for the change as a change in accounting principle
Indicate whether the statement is true or false
An important consideration in designing a strategy-supportive motivation and reward system is to
A. employ incentives that will help motivate employees to work hard at performing their assigned duties and activities. B. make across-the-board wage and salary increases the cornerstone of monetary rewards. C. choose those types of rewards and incentives that focus employees' attention on "what to do." D. link the payment of all monetary rewards to the company's profitability. E. make both monetary and nonmonetary rewards integral parts of the reward system.