Valerie's home does not qualify for coverage under a standard homeowners policy. Valerie would like to have "open-perils" (all-risks) coverage on her dwelling and named-perils coverage on her personal property
Which of the following policies should Valerie purchase?
A) Dwelling Property 1—Basic Form
B) Dwelling Property 2— Broad Form
C) Dwelling Property 3—Special Form
D) All of these policies provide "open perils" coverage on the dwelling and named-perils coverage on personal property.
Answer: C
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The auditor may conclude that depreciation charges are insufficient by noting:
A. excessive recurring losses on assets retired. B. large amounts of fully depreciated assets. C. insured values greatly in excess of book values. D. continuous trade-ins of relatively new assets.
Nelson Manufacturing has two processing departments, Department I and Department II. The raw materials processed at Department I are sent to Department II for further processing. During June, direct materials worth $40,000 purchased on account were assigned to Department I. The journal entry to record direct materials used in production is ________.
A) debit Work-in-Process Inventory—Department I, $40,000; credit Raw Materials Inventory, $40,000 B) debit Raw Materials Inventory, $40,000; credit Work-in-Process Inventory—Department I, $40,000 C) debit Work-in-Process Inventory—Department I, $40,000; credit Accounts Payable, $40,000 D) debit Accounts Payable, $40,000; credit Work-in-Process Inventory—Department I, $40,000
McDonald's fell victim to confused positioning in the 1990s after introducing too many new products which caused customers to lose track of what the core brand was.
Answer the following statement true (T) or false (F)
Which of the following is a provision made under the Berne Convention?
A) The treaty makes it mandatory to place the copyright symbol on all copyrighted works. B) The treaty sets the rules for how copyright can be dealt with when sharing copyrighted work between governments. C) The treaty eliminates the need to place the copyright symbol or the word "copyright" on a copyrighted work. D) The treaty stipulates the time period a copyright can be retained by the copyright holder before it enters the public domain.