The named insured leaves a suitcase filled with clothing on the seat of his unattended, unlocked automobile. The loss is valued at $900 replacement cost and a depreciated value of $700. The HO-3 contract has a $200 deductible on Section I
How much will the HO-3 contract pay for this loss?
A) $0 (because the clothing was in an automobile)
B) $700
C) $500
D) $0 (because the automobile was unlocked)
C
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Differentiate between sacred consumption and profane consumption
What will be an ideal response?
Income statement accounts are also known as which of the following?
a. Nominal accounts b. Real accounts c. Closing accounts d. Both a and c
According to the international product life cycle
A. exporting begins in the second stage. B. exporting replaces direct investment in the second stage. C. innovation occurs in the U.S. and then goes to other nations. D. foreign-produced products compete in export markets in the third stage. E. foreign producers eliminate U.S. producers through continued product innovation.
False subjects are words like it and there that have no concrete _________________
a. meaning b. antecedents c. objects d. action