Congressional action in 2012 extended the National Flood Insurance Program (NFIP) until 2017. Which of the following is a key provision of the Biggert-Waters Flood Insurance Reform and Modernization Act of 2012?
A) elimination of the waiting period for coverage to start
B) elimination and phase-outs of several rate subsidies
C) write-off of the multi-billion dollar deficit attributable to Hurricane Katrina claims
D) elimination of deductibles in NFIP policies
Answer: B
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Answer the following statements true (T) or false (F)
1. The cash ratio helps to determine a company's ability to meet its short-term obligations. 2. A cash ratio below 1.0 implies that the company has an insufficient amount of cash and cash equivalents to pay current liabilities. 3. A very low cash ratio does not send a strong message to investors and creditors that the company has the ability to repay its short-term debt. 4. The only time the Petty Cash account is used in a journal entry is when the account is established, increased, or decreased.
One would most likely use the Interpenetrating Systems Model to try to understand which of the following?
a. why the government is increasing regulation on businesses b. why a corporation chooses not to create a written ethics code c. why a CEO makes so much more in salary and benefits than a low-level employee d. why an organization’s culture is considered ethically weak
All of the following management roles fall under the decisional role category, EXCEPT ______.
a. leader b. resource allocator c. negotiator d. entrepreneur
Lance started a new position last year but is having trouble fitting in. Though he likes his job and is doing well at it, he has yet to really get to know his coworkers and is starting to exhibit withdrawal behaviors. He finds himself missing his last job, where he had developed many close relationships with his coworkers. For Lance, which element of the hierarchy of needs is proving problematic?
a. esteem b. social c. self-actualization d. safety