A(n) ________ is an automobile insurance system used by some states in which the driver's insurance company pays for any injuries or death the driver suffers in an accident irrespective of who caused the accident
A) no-fault insurance
B) comprehensive insurance
C) automobile liability insurance
D) collision insurance
A
You might also like to view...
Which one of the following statements regarding the application of the lower of cost or market method is true?
a. The lower of cost or market method is most commonly applied on a total inventory basis because it is a more conservative approach. b. The lower of cost or market method is an exception to the historical cost principle. c. When the lower of cost or market method is used, inventories are valued at selling price. d. Generally, market value is greater than replacement cost.
Which one of the following statements regarding sales discounts is correct?
A. A sales discount is subtracted from Sales Revenue whereas a purchase discount is added to Cost of Goods Sold. B. Credit terms of "2/10, n/30" means that if payment is made in two days, a 10% discount may be taken; if not paid within two days, the full invoice price will be due in thirty days. C. The terms "sales discounts" and "purchase discounts" are used interchangeably by a company. D. If a company offers a discount to encourage prompt payment and the discount is taken, the discount reduces the amount of net sales.
Analysis of nonfinancial data is important to the management accountant because
a. financial data are usually irrelevant. b. nonfinancial data lend themselves more to computer analysis than do financial data. c. managers make many decisions based solely on nonfinancial data. d. nonfinancial data are easier to work with than financial data.
U-shaped groupings of workers and machines that improve materials handling and flow are known as
a. manufacturing cells. b. efficiency stations. c. multi-flow modules. d. productivity islands.