The basic purpose of FAIR plans is to provide
A) property insurance to persons who cannot obtain it in normal markets.
B) automobile insurance to persons who cannot obtain it in normal markets.
C) health insurance to persons who cannot afford it in normal markets.
D) workers compensation insurance to employers who do business in several states.
Answer: A
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_______ are voluntary collectives with the purpose of advancing their members' interests. One example of such a collective is the Teamsters Union.
A. Clan cultures B. Nonprofit organizations C. Volunteer co-ops D. For-profit organizations E. Mutual-benefit organizations
The sum of the material mix and material yield variances equals
a. the material purchase price variance. b. the material quantity variance. c. the total material variance. d. none of the above.
If Edmund and Kaylin have a writing mistakenly showing a sale and purchase of goods for $10,000 when the price should have been $1,000, a court will most likely
a. enforce the agreement, relying on oral testimony to determine the correct price. b. only enforce the agreement as written. c. not hear the case unless both parties are merchants. d. not enforce the agreement since the writing did not reflect a meeting of the minds of the parties.
The Accumulated Depreciation account is ________
A) a record of the sum of all the depreciation expense recorded B) the price quoted to the buyer of a used asset C) an expense account D) the expense account used to expense the cost of an asset