Employees with the same job classification are entitled to the same fringe benefits

Indicate whether the statement is true or false


T

Business

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An organization can use downward moves as a source of job experience.

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

Business

Of the time U.S. consumers spend with all media, almost half is spent online

Indicate whether the statement is true or false

Business

Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?

a. $20,000 overapplied b. $20,000 underapplied c. $18,000 overapplied d. $10,000 underapplied

Business

Lionel purchased a $200,000 ordinary life insurance policy when he was 25 years old and had significant life insurance needs

Now Lionel is 50. His mortgage is almost paid-off and his children have left home and are financially independent. Lionel no longer wants to pay premiums, but he would like to have some permanent life insurance in force. Which nonforfeiture option could Lionel employ to meet these objectives? A) cash value B) reduced paid-up insurance C) paid-up additions D) extended term insurance

Business