Which of the following statements is (are) true regarding insurance agents and insurance brokers?
I. A property and liability insurance agent has the authority to bind the insurer for certain types of coverage.
II. A licensed broker who is not a licensed agent has the legal authority to bind an insurer.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following statements is true of the World Trade Organization?
A) Member states have a common tariff barrier against nonmembers. B) It is intended to create a common market. C) All members are obligated to harmonize their trade laws or face sanctions. D) It establishes guidelines for multinational corporations when operating in developed and developing countries.
A NASCAR pit crew consists of how many members?
A) 7 B) 5 C) 9 D) 10 E) 4
Weimar Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Weimar CorporationOrder Fulfillment DepartmentData InputsResource Data: Number of employees 13 Average salary per employee$36,720 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85%?Activity Data:Processing OrdersPreparing DeliveriesHandling ReturnsMinutes per unit of the activity162844?Cost Object Data:All CustomersNumber of orders processed21,750Number of deliveries prepared11,130Number of returns handled410?On the Capacity Analysis report in time-driven activity-based costing, the "impact on expenses of matching capacity
with demand" would be closest to: A. ($257,040) B. ($220,320) C. ($183,600) D. ($233,395)
The courts have ruled that union organizers must have access to both the property and the employees of a company engaged in a unionization process
a. True b. False Indicate whether the statement is true or false