When a life insurance policy contains a guarantee that the company that purchased the policy is entitled to a return equal to the amount of the cash surrender value of the policy, a portion of the premium is recorded to a long term liability account

Indicate whether the statement is true or false


False

Business

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If Ampex Support Systems is the single supplier for a local manufacturing company's MRO (maintenance, repair, operating) supplies and needs, Ampex Support Systems is considered as providing ________ for the manufacturer

A) guided selling B) purchasing support C) turnkey logistics D) decision support E) systems contracting

Business

Which of the following can companies use as collateral for a loan?

a. prepaid insurance b. prepaid rent c. property, plant, and equipment d. retained earnings

Business

Explain product line pricing

What will be an ideal response?

Business

In the national organization Toastmasters, members are required to speak on a regular basis. In one situation, a member pulls a topic from a hat, spends a few minutes preparing, and then gives a 3-5 minute presentation on the topic. What kind of delivery is this?

a. Memorized b. Scripted c. Written-and-read d. Impromptu

Business