Insurance agents who work for one particular company are called
A) company agents.
B) captive agents.
C) independent agents.
D) freelance agents.
Answer: B
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On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
A. $80 B. $160 C. $320 D. $960 E. $0
________ focuses on the fairness of the procedures used to make decisions.
A. Due process B. Distributive justice C. Proactive behavior D. Procedural justice
In Crest Ridge Construction v. Newcourt, where an order for construction materials that Crest Ridge needed was rejected for failure to meet credit terms, and Crest Ridge had to find a higher-cost replacement and sued Newcourt for damages, the appeals court held that:
a. Crest Ridge had no basis for suit since the credit terms of the contract were clear and it failed to follow the instructions b. Crest Ridge had no basis for suit since the credit terms of the contract were clear and it did not have sufficient credit history to qualify c. Newcourt was liable as it imposed higher credit conditions on Crest Ridge than it stated were necessary in the contract d. Newcourt was liable because, at the last minute. it changed the price it was going to charge, which requiredCrest Ridge to obtain more credit than it could qualify for e. none of the other choices
Distinguish between Char and VarChar data types. Include examples and tradeoffs
What will be an ideal response?