Which of the following statements about uninsured motorists coverage is true?
A) An innocent motorist must establish that the uninsured motorist is legally liable.
B) The amount of coverage in most states must be at least $300,000.
C) Property damage is covered in all states but bodily injury is not covered in all states.
D) The coverage is very expensive and beyond the affordability of all but wealthy insureds.
Answer: A
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Infinity Clock Company prepared the following static budget for the year:
If a flexible budget is prepared at a volume of 7800 units, calculate the amount of operating income. The production level is within the relevant range.
A) $43,800
B) $27,000
C) $7800
D) $3000
Hans can do 4 loads of laundry per hour, and he can type 6 pages per hour. Maria can do 12 loads of laundry per hour, and she can type 8 pages per hour. In any given amount of time, _____.
Fill in the blank(s) with the appropriate word(s).
Personnel are best adapted to local conditions through which method of classifying jobs?
a. geographic classification b. functional classification c. product classification d. interdivisional classification
A wealthy private investor providing a direct transfer of funds is called
A) a venture capitalist. B) an investment banker. C) an angel investor. D) a financial intermediary.