With respect to the HO dwelling coverage, select the most accurate statement
A) If the amount of insurance carried divided by 80% of the replacement cost equals 1 or greater, the company will pay the replacement cost minus the deductible, but no more than the policy limit.
B) If the amount of insurance carried divided by 80% of the replacement cost equals 1 or greater, the company will pay replacement cost minus the deductible.
C) If the amount of insurance divided by 80% of the replacement cost equals 1 or greater, the company will multiply that result by the loss, subtract the deductible, then pay that amount.
D) The insurer must only pay actual cash value for any loss unless the insured has insurance equal to 100% of the replacement cost of the property.
A
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Classifications of management approaches are also referred to as ______.
a. technical theories b. contingency theories c. schools of management thought d. behavioral frameworks
In accounting for depreciation in not-for-profit organizations:
a. depreciation directly reduces the asset account instead of using an accumulated depreciation account. b. certain assets are not subject to depreciation if they have value worth preserving in perpetuity and the organization has the ability to preserve the asset. c. the straight-line depreciation method is required. d. depreciation is required for all assets.
The inventory turnover ratio measures the number of times the average inventory turns over or was sold during the period
Indicate whether the statement is true or false
What is the narrative structure described by Campbell (1988) which is often found in biographical accounts of CEOs?
a. Ballad b. Heroic c. Poetic d. Psychoanalytic