The principle of insurable interest is important because it:
A) makes insurance companies more profitable
B) supports the principle of indemnity
C) prevents insurers from unfairly denying insurance claims
D) prevents an insurer from subrogating against a negligent third party
B
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You are a potential stockholder and are concerned that a particular company you are ready to invest in might have too much debt. Which financial statement would provide you information needed in order to evaluate your concern?
a. Balance sheet b. Income statement c. Statement of retained earnings d. Statement of public accounting
When presenting a speech in which you are appealing to the audience using pathos, how would you communicate passion and emotion?
What will be an ideal response?
If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account
Indicate whether the statement is true or false
All of the following are characteristics of products in the maturity stage of the product life cycle except
A. marketing costs increase as firms defend their market share. B. laggards are a major focus of marketing efforts. C. the market may become saturated because nearly all potential customers have adopted the product. D. to increase the customer base, firms consider entry into new markets and new market segments. E. price competition is intense.