Which of the following statements about the uninsured motorists coverage of the PAP is true?
A) The coverage usually applies only to property damage.
B) The coverage applies only if the uninsured motorist is legally liable.
C) Unless higher amounts are purchased, the maximum benefit is normally limited to $1,000.
D) A covered person's only recourse is to sue the insurer if there is a disagreement over the amount of damages.
Answer: B
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Venus Inc. recently borrowed $750,000 from its bank at a simple interest rate of 10 percent. The loan is for six months and, according to the loan agreement, the interest should be added to the amount borrowed and the total amount to be repaid in monthly installments. The loan's effective annual rate (EAR) is:?
A. ?12.51%. B. ?16.58%. C. ?18.32%. D. ?20.33%. E. ?24.75%.
A product liability action based on negligence does notrequire privity of contract between the injured plaintiff andthe defendant-manufacturer
Indicate whether the statement is true or false
Dreyfus points a gun at Eton, threatening to shoot him if he does not steal from his employer, Freddy's Gas & Shop store, and give the stolen funds to Dreyfus. Charged with theft, Eton can successfully claim, as a defense
a. nothing. b. duress. c. entrapment. d. self-defense.
Marketing cost analysis
A. is done more frequently than analysis of manufacturing costs. B. is not very accurate, since it is almost impossible to link marketing costs to specific sales. C. just uses the same "natural" accounting categories commonly used for financial analysis. D. allocates costs to products or customers, to focus on the purpose for which marketing money is spent. E. None of these answers is correct.