Which of the following statements is not true concerning comprehensive and collision insurance?
A) If you are financing a car, this insurance is required by the lender.
B) Financially, it is advisable to take out the lowest deductible possible.
C) You may want to drop this coverage on an older car that is not being financed.
D) The deductible is really a form of self insurance.
Answer: B
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When two organizations pool resources, know-how, rewards, and risk in order to produce and market a product, they are
A. engineering a business-to-business network. B. establishing a coalition. C. outsourcing resources. D. creating a boundaryless organization. E. forming a strategic alliance.
Describe the different stages of financing.
What will be an ideal response?
Girard accepts a job with Deep Vault Bank in reliance on assurances that Deep Vault will not soon be sold. In fact, negotiations to sell the bank are under way at the time that Girard is hired. Girard is most likely a victim of
A. fraud. B. mistake. C. nothing. D. puffery.
In a forward contract no monies change hands until the maturity date of the contract known as the ________,
A) spot value date B) exercise date C) forward contract date D) forward settlement date