Combined single limit liability coverage allows for either separate coverage limits for bodily injury and property damage, split-coverage limits per person, or both

Indicate whether this statement is true or false.


Answer: FALSE

Business

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When using the indirect method for preparing the statement of cash flows, all of the following will appear in the operating activities section except:

a. Increase in deferred tax. b. Depreciation expense on leased assets. c. Interest expense. d. An increase in long-term liabilities.

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________ are the set of descriptor variables based on the newness of the purchasing situation

A) Demographics B) Operating variables C) Situational factors D) Buy classes

Business

Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises. If alcohol is sold, the property is to go to Frank's estate. The estate created in the city is a:

a. reversion. b. qualified fee or a fee simple defeasible. c. possibility of reverter. d. contingent remainder.

Business

The Customer Meeting (Scenario)Kelly, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Kelly reports to Ben, a production manager, who in turn reports to Dan, a general manager, who reports to McKenna, a vice president of operations. Recently, McKenna asked Dan to have a meeting with Kelly and Ben regarding some customer concerns in the production area. The focus of the meeting was to judge the validity of the customer concerns, and to develop a specific plan to address these concerns.Kelly, Ben, Dan, and McKenna are part of an organization that has a ________.

A. traditional committee structure B. traditional pyramid structure C. modern matrix structure D. modern jury structure

Business