Bret is convicted of arson for burning down his warehouse to collect the insurance. On an application for insurance from Cover-All Insurance Company on a new building, in answer to a question about prior convictions, Bret does not disclose his conviction. This makes the contract
A. binding because the omission is immaterial to Cover-All's decision to issue coverage.
B. binding due to Cover-All's failure to discover Bret's conviction.
C. voidable by Bret because the omission is immaterial to Cover-All's decision to issue coverage.
D. voidable by Cover-All because the omission is material to its decision to issue coverage.
Answer: D
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a. obtain all published reports from other financial analysts. b. identify the industry economic characteristics and firm's strategy. c. calculate and interpret profitability and risk ratios. d. prepare pro forma, or projected financial statements. e. value the firm.
In return for promising to make future payments, a firm receives cash or other assets with a measurable cash-equivalent value. The firm records a long-term liability for that amount and determines the market interest rate by finding the
a. internal rate of return. b. external rate of return. c. applicable federal rate. d. prime lending rate published in The Wall Street Journal. e. federal funds rate.
It is illegal for job interviewers to ask questions about:
a. None of the answers are correct. b. the television programs you watch at home. c. your religious denomination and practices. d. the number of pets for which you are responsible.
In most organizations, managers are often rewarded based on how well they meet the budget
Indicate whether the statement is true or false