What information is contained in the insuring agreement of an insurance policy?

A) a description of the property or life to be insured
B) a summary of the major promises of the insurer
C) a summary of the obligations of the insured
D) a list of the property, losses, and perils that are not covered


Answer: B

Business

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In terms of chronemics, describe the differences between monochronic cultures and polychronic cultures. What areas of the world are considered monochromic, and which are polychromic?

What will be an ideal response?

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When having workshop attendees write out descriptions of real-life ethical dilemmas, what it is most important to emphasize?

a. fealty to actual events b. anonymity c. impartiality d. the punishment suffered by the perpetrator

Business

The following sentence is an example of effective business writing because the message requires formality: This e-mail message is to inform you that we have received your employment application

Indicate whether the statement is true or false

Business

Lu Lu's Catering has a debt ratio equal to .3 and its competitor, Able's Bakery, has a debt ratio equal to .7. Determine the statement below that is correct.

A. Lu Lu's has a higher risk from its financial leverage. B. Higher financial leverage involves lower risk. C. Able's Bakery's financial leverage is greater than Lu Lu's. D. Able's Bakery's financial leverage is less than Lu Lu's. E. Able's Bakery has a smaller percentage of its assets financed with liabilities as compared to Lu Lu's.

Business