Which of the following statements about re-entry term insurance is true?
A) It permits the coverage to be renewed an unlimited number of times as long as insurability is demonstrated.
B) It permits a refund of premiums paid if the term insurance is renewed a specified number of times.
C) It permits a lower renewal premium if the insured demonstrates insurability.
D) It permits a lapsed whole life policy to be reinstated as term insurance.
Answer: C
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High product differentiation is generally accompanied by
A. higher profit margins and lower costs. B. decreased emphasis on competition based on price. C. significant economies of scale. D. higher market share.
Which of the following is incorrect? Undertaking a research study to find answers to a question implies that the process being applied is ______________
a) Being undertaken within a framework of philosophy. b) Using procedures, methods and techniques that have been tested for validity and reliability. c) Attempting to conceal a vested interest in the research. d) Designed to be unbiased and objective.
Sanderlin Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningFinishingTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$26,500$13,500$40,000Estimated variable manufacturing overhead cost per MH$2.00$3.00 During the most recent month, the company started and completed two jobs--Job C and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job CJob LDirect materials$12,500$8,200Direct labor cost$20,200$6,400Machining machine-hours 3,400 1,600Finishing machine-hours 2,000 3,000Assume that the company uses departmental predetermined overhead rates
with machine-hours as the allocation base in both production departments. The manufacturing overhead applied to Job L is closest to: A. $17,100 B. $29,900 C. $11,680 D. $28,780
The head of ISIS would be an example of a(n) ______ leader.
A. evil B. abusive C. tyrannical D. rigid