Which of the following statements is false?

A) The motor truck cargo insurance protects the interest of the trucking companies.
B) Federal law requires trucks traveling across state lines to have at least $1.5 million in liability insurance.
C) The peril causing the largest amount of inland marine losses is theft.
D) Inland marine insurance developed because commerce in the U.S. moved inland.


B

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The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:

A. 6,000 hours B. 6,200 hours C. 6,500 hours D. 5,900 hours

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When an analyst uses measures of past profitability to forecast the firm's future profitability the expectation is that those revenues, gains, expenses and losses will ____________________

Fill in the blank(s) with correct word

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Two advantages of outdoor advertising are its flexibility and reduced costs.

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

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