Grace applies for a homeowners' insurance policy on her house with Heroic Insurance Company through Ian, a broker. In this transaction, Ian is
A. an agent for both parties.
B. Grace's agent, and not Heroic's agent.
C. Heroic's agent, and not Grace's agent.
D. not an agent.
Answer: B
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Which of the following statements is true with regard to defined benefit and defined contribution pension plans?
A) It's easier for an employer to determine its annual pension contribution under a defined benefit plan than under a defined contribution plan. B) When a new pension plan is installed, it's more beneficial for older workers if it's a defined contribution plan rather than a defined benefit plan. C) The employer bears the investment risk under a defined contribution plan, and the employee bears the investment risk under a defined benefit plan. D) With a defined benefit plan, the retirement benefit is known is advance but the contributions vary; with a defined contribution plan, the contribution rate is fixed but the retirement benefit varies.
France's assessment of criminal liability for corporations differs from the U.S.'s assessment in that:
a. the requirement that individuals play a key function within a corporation's decision-making structure before liability attaches significantly restricts corporate criminal liability b. the requirement that individuals play a key function within a corporation's decision-making structure before liability attaches significantly increases corporate criminal liability c. the requirement that individuals play a key function within a corporation's decision-making structure before liability means that there is no corporate criminal liability d. it has no requirement that individuals play a key function within a corporation's decision-making structure before liability attaches e. none of the other choices are correct
Would you conclude that there is a difference between the salaries of women and men in this plant? Justify your answer
Which of the following explanations most likely would satisfy an auditor who questions management about significant debits to the accumulated depreciation accounts?
A. The estimated remaining useful lives of plant assets were revised upward. B. Plant assets were retired during the year. C. The prior year's depreciation expense was erroneously understated. D. Overhead allocations were revised at year-end.