What is another name for "professional liability insurance?"
A) product liability insurance
B) business interruption insurance
C) errors and omissions insurance
D) fidelity insurance
E) public liability insurance
C
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For a company with a periodic inventory system, which of the following would cause income to be overstated in the period of occurrence?
a. Overestimating bad debt expense b. Understating beginning inventory c. Overstated purchases d. Understated ending inventory
A market skimming strategy can be used in conjunction with _____
a. administered pricing b. market pricing c. price wars d. elastic demand
Portia's Salon is contemplating an increase in their rental space that will result in a before-tax rent increase of $14,500 per month. If their tax rate is 40%, what is the after-tax monthly increase in rent cost?
A) $ 5,800 B) $ 8,700 C) $20,300 D) $14,500
Only individuals can assume the title of social entrepreneur.
a. True b. False