Root & Branch Lumber Company obtains a fire insurance policy from Security Insurance, Inc, on a $400,000 warehouse. The policy includes an 80-percent coinsurance clause. Root & Branch insures the property for $320,000. In a fire, the warehouse suffers $200,000 in damage. Root & Branch can recover
a. $400,000.
b. $320,000.
c. $200,000.
d. $80,000.
C
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When you performed the maintenance-oriented role of ______, you responded warmly, receptively, and supportively to others and their ideas.
Fill in the blank(s) with the appropriate word(s).
________ use concrete experience and reflective observation and are good at generating ideas and seeing a situation from multiple perspectives.
A. Accommodators B. Divergers C. Convergers D. Assimilators
Emile has very little money with which to start his business so he wants to keep the cost of forming his company as low as possible. Which form of ownership would you recommend for Emile?
A. sole proprietorship B. partnership C. C corporation D. S corporation
Net income that has been paid out to the company's stockholders for their own personal use is referred to as:
A. revenues. B. retained earnings. C. dividends. D. equities.