Which of the following statements about treaty reinsurance is true?
A) The reinsurer is required to underwrite each individual applicant that is reinsured.
B) The reinsurer must accept all business that falls within the scope of the treaty.
C) The ceding insurer can choose which business falling within the scope of the treaty it wishes to reinsure.
D) It protects the reinsurer by requiring the ceding insurer to charge adequate premiums.
Answer: B
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How does the sexual harassment diversity training exercise seek to improve awareness about sexual harassment with participants?
a. Participants discuss hypothetical sexual harassment scenarios in small groups. b. Participants journal about their own experiences. c. Participants role-play hypothetical scenarios. d. Victims of sexual harassment speak about their experiences.
Lincoln Corporation provides an incentive compensation plan under which its president is to receive a bonus equal to 1 . percent of Lincoln's income in excess of $150,000 before deducting income tax but after deducting bonus. If income before income tax and bonus is $320,000 and the effective tax rate is 40 percent, the amount of the bonus should be
a. $22,174 b. $24,174 c. $34,000 d. $46,000
Victor Corporation issues $1,000,000, 10-year, 8% bonds at 96. The journal entry to record the issuance will show a:
A) debit to Cash of $1,000,000. B) credit to Discount on Bonds Payable for $40,000. C) credit to Bonds Payable for $960,000. D) debit to Cash for $960,000.
Companies that use the geocentric staffing model:
A. heavily employ host-country nationals to better deal with local-market conditions. B. have a common HR unit in their parent countries to handle employment issues for all foreign subsidiaries. C. undertake every aspect of their human resource management process from an international perspective. D. primarily hire home-country nationals to fill higher-level positions in their foreign offices.