Insurance companies need not wait until litigation has been concluded to satisfy their duty to pay.
Answer the following statement true (T) or false (F)
True
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From a __________ perspective, resources are wasted unless they contribute to success in the marketplace, and the more direct the contribution, the better.
A. global economic B. customer service C. strategic manager’s D. world-class manufacturing
Which of the following describes the environment in internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) The environment is the "tone at the top" of the business. C) The environment is designed to ensure that the business earns profit. D) A company must identify its risks.
The ability of a business to earn a reasonable amount of income is referred to as the factor of ________
a. solvency b. wealth c. profitability d. leverage
Juran argued that quality had two main characteristics: fitness for use and ______.
a. improved instrumentation b. acceptable defects c. control for quality d. freedom from defects