Sylvia Jurgen operates a florist shop. During a particularly busy day, she allowed one of her employees, Terry Lioni, to use her (Jurgen's) personal car to assist with deliveries. Lioni had just obtained his driver's license. Lioni was involved in an accident that was his fault. Would Jurgen's liability insurance pay in this situation?
Yes. Liability policies ordinarily protect the owner of the automobile from liability when the automobile is operated by another person with the permission of the insured. Lioni was operating the vehicle with Jurgen's permission.
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For a company having several different issues of convertible securities and/or stock options and warrants, the FASB requires selection of the combination of securities producing
a. the lowest possible earnings per share. b. the highest possible earnings per share. c. the earnings per share figure midway between the lowest possible and the highest possible earnings per share. d. any earnings per share figure between the lowest possible and the highest possible earnings per share.
The practice of purchasing other companies within one's supply chain which is predicated on the notion that a company's profits can be maximized by owning one's supplier is known as:
a)transfer purchasing. b)supply chain management. c)vertical integration. d)profit integration.
Scenario 11.1 Use the following to answer the questions. Cheetos Fat-free Crunchies is a product developed through advanced technology. Cheetos engineered a technique for making reduced-fat snacks that taste cheesier and stay fresh longer. Cheetos introduced Fat-free Crunchies in limited markets in 2012 and began national distribution in 2013. About 18 months later, a series of competitors' ads was run claiming that Cheetos Crunchies actually contained 1.5 grams of fat, and that they contained preservatives and additives. Research showed that the taste of Cheetos Crunchies was also perceived negatively by some people. To save the product, Cheetos reduced the remaining fat to 0 grams, took out the preservatives, and improved the taste. Refer to Scenario 11.1. The new, improved Cheetos
Fat-Free Crunchies was a(n) ____. A. quality modification B. aesthetic modification C. functional modification D. brand extension E. product line extension