Shingle & Tile Roofing Contractor, LLC, obtains an insurance policy against liability for injuries or losses sustained by employees during the course of their employment. The policy covers claims not covered by workers' compensation insurance. This is

A. casualty insurance.
B. fidelity or guaranty insurance.
C. key-person life insurance.
D. employer's liability insurance.


Answer: D

Business

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Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job by Saturday, she will pay him $1,000. Yvonne's offer creates a(n) ________ contract.

A. executed B. unilateral C. executory D. bilateral

Business

The area of control of powerful people in an organization is referred to as territory. _________________________

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

Business

Vita asks Walter, a cobbler and shoe salesperson, to repair a pair of work boots. There is no discussion of a price, and Vita and Walter do not sign any documents. After the repair, Walter hands Vita a bill. With respect to Vita's obligation to pay the bill, this is

a. an express contract. b. an implied contract. c. a unilateral contract. d. no contract.

Business

Which of the following is true regarding shopping products?

A. Compared to heterogeneous shopping products, homogeneous shopping products are usually more standardized. B. The Internet has become the fast way to comparison shop for homogeneous shopping products. C. Buyers usually expect more sales help or service with heterogeneous shopping products. D. Price is less important in the purchase of heterogeneous shopping products than homogeneous shopping products. E. All these answers are correct.

Business