Antoine LaDuke suffered a major loss on his older home due to mud from a flood. Although he had homeowner's insurance, what was the probable reason he was not covered?

A) His home was probably too expensive.
B) His policy excluded flood-related damages.
C) This is a personal liability issue.
D) Older homes are excluded from flood-related damages.


Answer: B

Business

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A country's net foreign investment is equal to the amount

A. the domestic country invests in other countries, minus what other countries invest in the domestic country. B. other countries invest in the domestic country, minus what the domestic country invests in other countries. C. of the current-account balance plus the capital-account balance. D. of portfolio investment made by the domestic country in other countries, minus the amount of portfolio investment other countries make in the domestic country.

Business

Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record the collection on account would be:

A. Debit Cash of $625 and credit Sales $625. B. Debit Accounts Receivable $625 and credit Sales $625. C. Debit Cash of $625 and credit Accounts Receivable $625. D. Debit Sales $625 and credit Accounts Receivable $625. E. Debit Accounts Receivable $625 and credit Cash $625.

Business

How many countries currently belong to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards?

A) 34 B) 47 C) 73 D) 112

Business

Why are product-market boundaries important?

A. They specify marketing mix variables. B. They identify similar needs. C. They define the strategy. D. They compare competitor offers. E. They provide focus.

Business