All of the following statements about liability coverage under the businessowners policy are true EXCEPT
A) Liability arising out of personal and advertising injury is covered as part of the insuring agreement.
B) Medical payments coverage is provided.
C) Employees acting within the scope of their employment are excluded from coverage.
D) Coverage is included for the legal costs of defending the insured.
Answer: C
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Indicate whether the statement is true or false
A company's mission could appropriately be stated as "making more sales or profits."
Indicate whether the statement is true or false
Which of the following statements with regard to the economic production quantity (EPQ) model is FALSE?
a. It was developed in 1918. b. The EOQ model is based on the EPQ model. c. It assumes that the company will produce the items. d. It assumes that lead time is known and is constant.
In Gieseke v. IDCA, Gieseke formed a company to compete with his old employer and worked with one of the former owners of his old employer in the new company. His former employer moved some of the equipment of the new company and changed its mailing address without permission of Gieseke or his partner. When Gieseke sued his former employer the courts held that the former employer:
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