Since the automobile insurance policy is written by the insurer, ambiguities are interpreted in favor of the insurer

Indicate whether the statement is true or false


FALSE

Business

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In order to exclude the implied warranty of merchantability, the seller must put the exclusion in writing.

Answer the following statement true (T) or false (F)

Business

Which of the following statements is not true?

A. India, with relatively few resources but a large population, should have a comparative advantage in the production of goods or services that require large amounts of expensive labor. B. The sophistication and skill levels required for jobs outsourced to India are rising rapidly, driven by the abundance of qualified and low-cost workers in India. C. An estimated 1.6 million U.S. individual and corporate tax returns are prepared annually in India. D. Some observers have argued that American industry and the American economy as a whole will be strengthened by sending activities to workers in India or other foreign nations that have comparative advantages in areas such as labor costs. E. India may have a comparative advantage over some other developing countries because about 350 million of its people are able to read English, and 100 million of those also understand spoken English and can communicate in English sentences.

Business

Which of the following is not a generally recognized internal control activity?

A) Establishment of clear lines of authority to carry out specific tasks B) Preparation of bank reconciliation on a monthly basis C) Reducing the cost of hiring seasonal employees D) Limiting access to computerized accounting records

Business

Restrictive covenants may be placed in CC&Rs and enforced by a homeowners' association

Indicate whether the statement is true or false

Business