Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy is true?
A) Losses attributable to personal injury are covered.
B) The liability limit stated in the policy is an aggregate limit for the policy period.
C) The insured must be legally liable for insurer to pay damages.
D) Bodily injury liability only applies to injuries that occur at the insured dwelling.
Answer: C
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Which of the following is a cause of action against the auditor for breach of contract?
a. Violating client confidentiality. b. Providing the audit report on time. c. Failing to discover an immaterial error or employee fraud. d. Withdrawing from an audit engagement with justification.
Which of the following statements is TRUE of the direct write-off method?
A) GAAP requires public companies to follow the direct write-off method. B) It provides better matching of revenues with expenses. C) It results in more accurate net income than any other method. D) It is only suitable for small companies that have very few uncollectible receivables.
Which of the following most accurately identifies the purpose of a marketing-mix model?
A) to identify the most appropriate target audience for a new product B) to evaluate the contribution that each component of a marketing program makes to market performance C) to identify the most effective media strategies to use to reach a target audience D) to evaluate the effect of supply and price on level of customer demand E) to select the most efficient marketing channels for a given product
Mass customization is:
a. serving the mass market with standard products b. serving the mass market with products tailored to individuals c. serving different segments with the same product d. serving different segments with different products e. none of the above