Reasons for NOT purchasing an accidental death benefit rider include which of the following?
I. Most people die as a result of a disease rather than from an accident.
II. The economic value of a human life is not increased if death occurs because of an accident.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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When searching for unrecorded liabilities at the end of an accounting period, the accountant would search all of the files except
a. the purchase requisition file b. the cash receipts file c. the purchase order file d. the receiving report file
Greg owns a small business of selling athletic equipment to retailers. He spends $12,500 annually on transportation. His annual fixed cost is $19,000. His other annual expenses total $4,000. His annual sales are $130,000 and the cost of the goods he sells is $65,000. Calculate Greg's direct costs and his break-point point.
What will be an ideal response?
Of the five dimensions of service quality, the ability to convey trust and build a customer's confidence in the quality of a service refers to ________.
A. reliability B. responsiveness C. assurance D. empathy E. tangibles
A company issues bonds saying that it will use the proceeds for a safe investment. Instead, it uses the proceeds for a risky investment. Which of the following statements is true about this situation.
A. This is an example of asset switching or bait and switch. B. What the company does with the funds once it raises them isn't the business of the debtholders. C. This will result in an increase in the value of the debt because the company is riskier. D. All of the above. E. None of the above.