Darinel insures a $150,000 building with Morales Insurance Co for $50,000 and with Washington Insurance Co for $100,000. The building is partially destroyed by fire, causing $25,000 in damages. Darinel will be able to collect:
A) one-third of the damages from Morales Insurance Co.
B) one-half of the damages from Morales Insurance Co.
C) from neither Morales nor Washington since it was fraudulent to purchase policies covering the same property from two different insurance companies.
D) $25,000 from either Morales or Washington Insurance Co., but cannot collect from both insurers.
A
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Indicate whether the statement is true or false
The material purchases budget tells a manager all of the following except the
a. quantity of material to be purchased each period. b. quantity of material to be consumed each period. c. cost of material to be purchased each period. d. cash payment for material each period.
Which of the following is NOT likely to be a part of the segmenting step in market segmentation?
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