Which of the following is not a valid reason to carry Medical Payments coverage?
A) Guests injured in an automobile accident might hesitate to sue their hosts.
B) A negligent host would probably feel a moral obligation to pay for medical bills for injured guests.
C) To facilitate settlement for relatively small amounts of medical expense
D) To provide reasonably priced health insurance for the insured and his family
D
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The U.S. government is the largest customer in the world
Indicate whether the statement is true or false
A bailee always has a right
a. to possession of the bailed property. b. to use the bailed property. c. to compensation. d. All of the answers are correct.
In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________.
A) overstate costs and overstate profits B) overstate costs and understate profits C) understate costs and overstate profits D) understate costs and understate profits
Barco Corp. common stock is currently selling for $36.50. A call option on Barco stock costs $.75 per share on a normal contract of 100 shares. This option has an exercise price of $39 and expires in one month. What is the minimum value of this option?
A) $2.50 B) $75 C) $0 D) $36.50