Jessie is happy with his 7-year old car, but he is thinking of switching auto insurance carriers. His agent said the car was in model class A and that he would be assigned to driver class 3. For comparison with his current policy, he wants a price quote for 50/100/50 liability coverage, $500 deductible collision and $100 deductible comprehensive. Based on the tables in the book, what would be his
total premium if he lives in territory 2 and has a rating factor of 1.3?
A) $309.98
B) $306.00
C) $355.24
D) $397.80
D
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Under a perpetual inventory system, the sale of a manufactured product requires an entry
a. debiting Cost of Goods Sold and crediting Finished Goods. b. debiting Cost of Goods Sold and crediting Work in Process. c. debiting Finished Goods and crediting Work in Process. d. debiting Finished Goods and crediting Cost of Goods Sold.
Which of SERVQUAL's attributes relates to whether the service was performed correctly the first time?
a. responsiveness b. reliability c. assurance d. tangibles
When does a patent enter the public domain?
A. when the patent term expires B. when the patent has been challenged in court and found to be an infringement C. when the government deems that the practical purpose of the invention is universally applicable and cannot be controlled by one individual or a group of people D. when the invention is either obvious or not a novel one
Celine offered Jenna $50 for a six carat diamond necklace. Jenna immediately agreed to sell it to Celine. However, after Jenna went home and looked at it again, she decided that the necklace was worth a lot more than $50
She told Celine she could not sell her the necklace for such a low price. In this scenario, did the parties have an enforceable contract? A) yes, because all the elements of a valid contract are present B) no, because the value of the consideration for the necklace is inadequate C) no, because of the preexisting duty rule D) no, because of the past consideration rule