With automobile insurance damage claims, Insurance companies will use the concept of "contributory negligence" to determine how much to pay in damages. What does this concept mean?
What will be an ideal response?
Answer: The term contributory negligence deals with the fact that some driver's behaviors actually contributed to the accident and that these behaviors are not insured by the basic PAP. Things like speeding, driving too fast for conditions, running a red light, not wearing a seat belt or driving under the influence of drugs or alcohol contributed to the accident occurring. Since the driver was determined to be negligent in causing the wreck, then the Insurance company will reduce their payout accordingly.
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Which of the following accounts is not a temporary account?
a. Income Summary b. Delivery Fees c. Capital d. Drawing e. Depreciation Expense - Office Equipment
Strong brands have a high degree of recognition in at least one significant market segment.
a. True b. False
The statute of limitations for EEOC violations does not begin to run until the employee ends his or her employment
Indicate whether the statement is true or false
The business program at Big State University offers classes that start as early as 6:30 a.m. and as late as 9:30 p.m. for its undergraduates. It also has Saturday and Sunday undergraduate classes in addition to its regular daytime program. Big State University is using which of the following strategies for shifting demand to match capacity?
A. Differentiate on price B. Modify timing and location of service delivery C. Vary the service offering D. Stretch capacity E. Communicate with customers