"Independence" in an insurance pool means:

A) the bad risks pay more for insurance than good risks
B) the members of the pool exhibit the same level of risk
C) those who experience losses have their premiums raised
D) the occurrence of one event makes it neither more nor less probable that the other occurs


D

Business

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The record in which transactions are initially recorded in chronological order as they occur is a(an)

a. Account b. General Journal c. General Ledger d. Chart of Accounts

Business

The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) What is the fixed cost per month using the high-low method to estimate the cost equation?

A. $600. B. $2,250. C. $1,140. D. $570.

Business

A test finding that some differences exist between some of the treatment groups is a test of the ________

A) significance of the overall effect B) significance of the main effect C) multiple ?2 D) significance of the interaction effect

Business

The purpose of separating powers among different branches of government is to prevent the centralization of power and abuse of citizens by government

a. True b. False

Business