In life insurance contracts, the required insurable interest must exist at the time of the insured's death.
Answer the following statement true (T) or false (F)
False
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Carmela was surprised to learn that at her company not everyone would receive a bonus this year. Instead, management planned to rank all of the employees in her division and award bonuses only to the top 20%. This is an example of a ______ performance review system.
A. standard curve. B. normal distribution. C. functional positioning. D. forced ranking. E. unit grading.
The source of risk related to management competence, strategic direction and lawsuits is _________________________
Fill in the blank(s) with correct word
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect?
A) The spreadsheet starts with the beginning balance sheet and concludes with the ending balance sheet. B) When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. C) The spreadsheet cannot be used for the direct method. D) Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet.
Aaron intimidated coworkers on his shift by showing a knife clipped to his waistband and threatened to use the knife on anyone who told on him. Aaron’s behavior is known as ________________.
A. gross negligence B. serious misconduct C. dismissive actions D. aggravated assault E. dismissive misconduct