When must an insurable interest legally exist in property insurance for an insured to receive payment for a loss from the insurer?
A) only at the time of the loss
B) only at the inception of the policy
C) only at the time the loss settlement takes place
D) both at the time of the loss and at the inception of the policy
Answer: A
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________ allows the company to discover who its target markets are, how they behave, and what they need or want. It also enables the company to respond appropriately, coherently, and quickly to different customer opportunities
A) Network management B) Supply chain management C) Marketing management D) Customer relationship management E) Total quality management
Explain annual reports as sources of competitor information with respect to consumer and business markets
What will be an ideal response?
The most critical, and perhaps the most difficult, phase of the Stage-Gate® approach is ______.
a. developing the business case for the product b. the scoping stage c. designing the product d. manufacturing the product
Franklin Company obtained a $160,000 line of credit from State Bank on January 1, Year 1. The company agreed to accept a variable interest rate that was set at 2% above the bank's prime lending rate. The bank's prime rate of interest and the amounts borrowed or repaid during the first three months of Year 1 are shown in the following table. Assume that Franklin borrows or repays on the first day of each month. Amt Borrowed(Repaid) Prime Rate forthe Month1-Jan$40,000 4.0% 1-Feb (10,000) 4.5% 1-Mar 40,000 5.0% What is the amount of interest expense recognized in March?
A. $292 B. $262 C. $232 D. $408