Bob purchased insurance on his home with an insurer that was not licensed to do business in the state. In this case, which requirement to form a binding insurance contract is lacking?
A) exchange of consideration
B) offer and acceptance
C) legal purpose
D) competent parties
Answer: D
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Marian has made it through the interview process and has been given an offer of employment conditional to her passage of an integrity test. When she takes the test and begins to answer, what form will her answers most likely take?
a. a range between “strongly disagree” and “strongly agree” b. short essay responses giving personal opinions c. “yes” or “no” d. verbal responses that include emotional reactions
Government stability has to do with
A. a commitment to military strength. B. democratic processes and free elections. C. leadership that listens to citizens and responds to their needs. D. policies that are permanent or change gradually.
Classifying the purchase of small tools as an expense instead of as an asset will affect a company's:
a. Balance sheet. b. Income statement. c. Balance sheet and income statement. d. None of the above is correct.
Felton Corp. has two government contracts of $15,000 each. According to Executive Order 11246, Felton Corp. is required to develop an affirmative action plan.
Answer the following statement true (T) or false (F)