When a business practices risk management, the purchase of an insurance policy is risk
A) transfer.
B) reduction.
C) avoidance.
D) assumption.
A
You might also like to view...
Gunner Construction, Inc has consistently used the percentage-of-completion method of recognizing revenue. During 2014, Gunner started work on a $2,500,000 fixed-price construction contract. The accounting records disclosed the following data for the year ended December 31 . 2014: Costs incurred ........................................ $ 465,000 Estimated cost to complete
............................ 2,085,000 Progress billings ..................................... 550,000 Collections ........................................... 350,000 How much loss should Gunner have recognized in 2014? a. $15,000 b. $35,000 c. $50,000 d. $315,000
The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing
A) parol evidence rule B) common law of contracts C) merger clause D) one-year rule
When compared to Generation X, members of Generation Y are most likely to influence
A. automobile design. B. health care and insurance. C. retirement plans. D. children's designer clothing lines. E. all forms of communication.
Which of the following is true of the selection of a channel of communication??
A) ?If a message is straightforward and informative, a technological communication channel is inappropriate. B) ?Before choosing a communication channel, it should be determined whether a permanent record of a message is needed or if a temporary form would suffice. C) ?Employees that are floors apart or in different offices or time zones cannot benefit from email and Web communications. D) ?Personal interaction cannot replace written communication, printed or online, which is essential in today's team-based work environments.