Competition would totally eliminate subsidization in insurance pools if there were no regulator restricting competition between insurance companies
Indicate whether the statement is true or false
TRUE
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Which of the following is untrue of a limited partnership?
a. Limited partnerships must be formed under a state statute. b. Limited partners' surnames ordinarily cannot be used in the partnership business name. c. Partners in limited partnerships must contribute services to the partnership. d. Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.
Which of the following choices correctly depicts a cost that arises from a batch-level activity and one that arises from a facility-level activity? Batch-Level ActivityFacility-Level ActivityA.Direct materialsPlant depreciationB.InspectionProperty taxesC.Quality assuranceShippingD.Plant maintenanceInsuranceE.Management salariesMaterial handling
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000Sales revenue$2,412,000Variable manufacturing expense$1,170,000Fixed manufacturing expense$714,000Variable selling and administrative expense$414,000Fixed selling and administrative expense$82,000Net operating income$32,000 The company's degree of operating leverage is closest to:
A. 75.38 B. 25.88 C. 11.25 D. 1.99
Under a Chapter 11 bankruptcy, a creditors' committee of the debtor's largest creditors is formed to supervise reorganization
a. True b. False Indicate whether the statement is true or false