Loss adjusters perform all the following functions except:
A) investigate claims to determine if fraud is involved
B) negotiate with the insured on the amount of damage claims
C) recommend denial of claims
D) act as the company's lawyer if the case goes to court
D
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The price relative is computed by dividing
A. a base-period unit price by a current unit price and multiplying the result by 100. B. a current unit price by a base-period unit price and multiplying the result by 100. C. a current unit price by a base-period unit price and dividing the result by 100. D. current price by quantity.
According to your textbook (Ch3) why would managers pursue the de-skilling of labour and simplifying of jobs?
a. It ensured the efficient extraction of surplus value b. It ensured labour could be controlled c. It created the need for managerial hierarchies d. All the above
Marilyn contracted with Bravo Builders to build an addition to her house for $15,000 . After digging the foundation, Bravo decides that it will take more work and more concrete than it had originally thought and that it will need to charge an additional $5,000 for the job. Assuming Marilyn agrees, which of the following is correct?
a. Marilyn will have to pay $20,000. b. This is a contract under seal which is enforceable. c. This is a modification of a preexisting contract, which under common law must be supported by additional consideration on the part of Bravo Builders. d. This is the settlement of a disputed debt that requires no additional consideration on the part of Bravo Builders.
Which of the following statements regarding credit entries is true?
A. Credits decrease liability accounts. B. Credits increase asset and common stock accounts, and decrease liability accounts. C. Credits increase the common stock account. D. Credits increase asset accounts.