What is the practical effect of an insurance contract being a contract of adhesion?
A) The insurer can refuse to pay claims if the insured has not complied with all policy provisions.
B) The insured can assign the policy only with the insurer's consent.
C) The insurer can sue the insured for failure to pay any premiums.
D) The policy is interpreted in the insured's favor if the policy contains any ambiguities or uncertainties.
Answer: D
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Which statement about data sources does NOT contain sound advice?
a. Acknowledging sources increases your credibility as a researcher and writer. b. As a reviewer of a report draft, verify the accuracy of source acknowledgments. c. When you contribute to a team's report, the team leader checks the accuracy of your source notes. d. When you take copyrighted information from a Web site, acknowledge that fact in the report.
If an agent negligently injures a third party while acting within the scope of employment:
A) The principal will be liable to the third party. B) The agent will be liable to the principal. C) The agent will be liable to the third party. D) All of the above.
Dan makes a will leaving a specific sum of money to each surviving relative. The assets of Dan's estate are not enough to make all of the gifts in full. This situation requires
A. an abatement. B. a publication. C. a residuary. D. a revocation.
Consider the following statements about the total-cost and the incremental-cost approaches of investment evaluation:I. Both approaches will yield the same conclusions. II. Choosing between these approaches is a matter of personal preference. III. The incremental approach focuses on cost differences between alternatives. Which of the above statements is (are) true?
A. II and III. B. II only. C. I, II, and III. D. III only. E. I only.