National Bank believed it had been properly authorized to transfer $250,000 to the off-shore account of one of its corporate customers
The authorization was fraudulent, however, and the transferred funds were stolen. Under which commercial crime coverage insuring agreement would such a loss be covered?
A) Money Orders and Counterfeit Currency
B) Forgery or Alteration
C) Outside the Premises
D) Computer and Funds Transfer Fraud
Answer: D
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In addition to making the message as short as possible, what is the advantage to using a direct format for bad news messages?
A) The direct format increases understanding. B) The direct format increases acceptance. C) The direct format clearly identifies the bad news so fewer assumptions are made. D) The direct format saves the reader time. E) The direct format saves the writer time.
In a local university, 70% of the students live in the dormitories. A random sample of 75 students is selected for a particular study. The probability that the sample proportion (the proportion living in the dormitories) is at least 0.60 is
A. 0.0294. B. 0.9706. C. 0.0228. D. 0.9772.
Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amount are called:
A. Asset comparative statements. B. Percentage comparative statements. C. Common-size comparative statements. D. General-purpose financial statements. E. Sales comparative statements.
Guttery Corporation has provided the following financial data from its balance sheet: Year 2Year 1Accounts receivable, net$112,000 $110,000 Inventory$174,000 $150,000 Total assets$1,236,000 $1,250,000 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's total asset turnover for Year 2 is closest to:
A. 1.17 B. 0.85 C. 0.09 D. 11.04