Which of the following statements about stock insurers is true?
A) They issue assessable policies.
B) They are not permitted to write property and liability insurance.
C) Stockholders bear any losses and share in any profits.
D) They are owned by their policyholders.
Answer: C
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Which of the following is not a characteristic of the use of social networks in B2B e-commerce?
A. It is typically unstructured. B. It helps develop a more personal relationship between participants in the supply chain. C. It enables participants to make decisions based on current conditions. D. They are always private.
When using the allowance method, after a company has previously written off an account, ________.
A) the company continues to send monthly statements to the customers whose accounts have been written off B) the company cannot collect from these customers because their accounts have been written off C) when a customer pays on an account that has been written off, the company needs to reverse the write-off to the Allowance for Bad Debts account and then record the receipt of cash D) the company does not need to reestablish the receivable account
The direct materials price variance is the difference between the actual price and the standard price, multiplied by the standard quantity
Indicate whether the statement is true or false
Which of the following is true of third-party beneficiaries?
A) A creditor beneficiary is an unintended beneficiary. B) An intended third-party beneficiary cannot enforce the contract against the promisor. C) An incidental beneficiary cannot sue under other people's contracts. D) Incidental beneficiary is a third party who is benefitted intentionally.