If you wanted to obtain an endorsement that automatically updates the level of property coverage based on an index of replacement costs that continually updates the cost of building a home, you would ask for a(n)
A) inflation guard.
B) automatic adjustment policy.
C) replacement cost index.
D) continual adjustment policy.
E) none of the above.
Answer: A
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Identify a true statement about the environmental legislation enacted in the 1970s.
A. It primarily addressed environmental concerns using tort law. B. It overestimated the influence that businesses can have in establishing a law. C. It focused mainly on providing compensation after the occurrence of pollution or any other environmental harm. D. It shifted the burden from those threatened with harm to those who would cause the harm.
According to Michael Hammer, what are the seven "deadly sins" of performance measure to avoid?
What will be an ideal response?
Hoppy, who works as an employee for Imperial Power Corporation, suffers an injury in an accident. Hoppy will be compensated under state workers' compensation laws
a. only if the injury occurred during working hours. b. only if the injury occurred off the job. c. only if the injury occurred on the job. d. whenever and wherever the injury occurred.
Poston Company is considering the use of accelerated depreciation rather than straight-line depreciation for a new asset acquisition. Which of the following choices correctly shows when the majority of depreciation would be taken (early or late in the asset's life), when most of the tax savings occur (early or late in the asset's life), and which depreciation method would have the higher present value? When Majority of Depreciation is TakenWhen Majority of Tax Savings OccurDepreciation Method with Higher Present ValueA.Early in lifeEarly in lifeAcceleratedB.Early in lifeEarly in lifeStraight-lineC.Early in lifeLate in lifeStraight-lineD.Late in lifeLate in lifeStraight-lineE.Late in lifeEarly in lifeAcceleratedÂ
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E