Generally accepted accounting principles are the basic assumptions, concepts, and guidelines for preparing financial statements.
Answer the following statement true (T) or false (F)
True
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Every year Pam reassesses the economic situation in the target markets her company serves. What factors will Pam likely assess?
What will be an ideal response?
When writing a resignation letter to notify your employer of your intentions, you should ________
A) allow more than the standard two-week notice if you have a high or responsible position within the company B) offer thanks and end with a forward-looking statement C) remind the employer of your contributions D) follow all of these tips
All of the following are methods that a property and liability insurance company can use to protect against catastrophic losses EXCEPT
A) sale of catastrophe bonds. B) purchase of common stock. C) purchase of excess-of-loss reinsurance. D) quota share reinsurance with a low retention percentage.
Exotic Stuff Company and First Pier, Inc., form a business organization to engage in importing and exporting. Its property is held in the names of the members and its shareholders have personal liability. This business organization is
A. a business trust. B. a joint stock company. C. a joint venture. D. a syndicate.