The kinds of marine insurance policies include all of the following except
A. basic named perils.
B. all risk covers.
C. partial risk covers.
D. broad named perils.
Answer: C
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Purchasing power parity measures an economy's output in terms of demand and supply
Indicate whether the statement is true or false
An expense account is normally closed by debiting Income Summary and crediting the expense account.
Answer the following statement true (T) or false (F)
Standard material costs, standard labor costs, and standard overhead costs can be obtained from standard cost tables published by the Institute of Management Accountants.
Answer the following statement true (T) or false (F)
By law, all apartment buildings in the state where Mary lives must have smoke alarms in the ceilings. Mary suffers smoke inhalation because the smoke alarm in her apartment building was not yet installed. To win a negligence action against the building owner, Mary would have to prove:
a. a duty existed toward her. b. a breach of that duty. c. injury and causation. d. All of these.