Some automobile owners will drive faster knowing that they are covered by health and automobile insurance. This behavior creates the problem of ________
A) fraudulent claims
B) moral hazard
C) adverse selection
D) pecuniary purchases
B
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The present value of a perpetuity that pays $F every year when the annual rate of discount is i is
A. F/(1 + i). B. F×i. C. F/i. D. F + i.
A statement of cash flows should be prepared for which of the following fiduciary fund types?
A. Fiduciary funds do not provide a statement of cash flows. B. Custodial. C. Private-purpose trust. D. Pension trust.
Random samples of size 64 are taken from an infinite population whose mean and standard deviation are 240 and 16, respectively. The distribution of the population is unknown. The mean and the standard error of the mean are
A. 240 and 16. B. 64 and 16. C. 8 and 2. D. 240 and 2.
Sustainable competitive advantage is what allows a firm to maintain and improve its _______ in a market against competitors in the long term.
a. competitive position b. profitability c. environmental sustainability d. corporate social responsibility