Joe has a dispute with his insurance company regarding how much he is entitled to recover on a claim. Joe believes he is entitled to get $8,000 based upon his interpretation of the policy wording
The insurer says the claim is not covered by the policy. Joe sues and a court of law decides that the policy wording is vague and ambiguous, and rules that the loss IS covered. What legal characteristic of insurance resulted in the court's decision?
A) Insurance is aleatory.
B) Insurance is a contract of indemnity.
C) Insurance is a contract of adhesion.
D) Insurance is personal.
C
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Which of the following is the next step after identifying alternatives in the planning process model?
A. Select the best alternatives B. Examine the situation C. Create an implementation plan D. Evaluate the situation
Abburi Company's manufacturing overhead is 60% of its total conversion costs. If direct labor is $52,000 and if direct materials are $28,000, the manufacturing overhead is:
A. $78,000 B. $42,000 C. $34,667 D. $120,000
Time Unlimited makes grandfather clock kits that it sells to hobbyists who then assemble and finish the clocks. The company has the capacity to make 5,000 of the kits, and its current volume is 3,000 kits. The costs of a clock kit are: $300 for unit-level materials, $200 for unit-level labor, and $150 for an allocation of facility-level overhead. The normal selling price is $950. The Clock Builder has received a special order for 600 clock kits at a price of $600 each.Required: Should The Clock Builder accept the special order? Support your answer with appropriate computations.
What will be an ideal response?
Bright Horizons chose a positioning strategy that emphasized low cost childcare
Indicate whether the statement is true or false