If there is a conflict between state law and a provision in a homeowners policy,
A) the policy wording takes precedence.
B) the state law takes precedence.
C) the policyholder is entitled to whichever provides broader coverage.
D) the policy is null and void.
Answer: B
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The entry to close the dividends account is
A) debit Retained Earnings and credit Dividends. B) debit Dividends and credit Retained Earnings. C) debit Income Summary and credit Dividends. D) debit Dividends and credit Income Summary.
According to the text, the market analyst may determine a country is not a good market by making a simple calculation based on
A. GNI/capita, population by state or province, and the number of pharmacies. B. GNI, total population, and income distribution. C. Pet sales, number of CD players, and per capita lint production. D. GDP, GDP growth rate, and tax burden. E. GNI/capita, total population, and the size of the hidden economy.
Answer the following statement(s) true (T) or false (F)
1. In the eyes of neoclassical economists discrimination in the workforce will get resolved on its own due to the forces of the market economy. 2. By law, affirmative action plans may not include quotas. 3. The United States has been using the term 'affirmative action' since shortly after World War II when minority veterans begin returning home. 4. Providing businesses with incentives to recruit employees from designated groups is one of the strategies countries use to promote affirmative action. 5. Trade unions have no part of promoting positive action policies that is strictly a management responsibility.
If Class A preferred shares provide only for a cumulative dividend of $3 per share, what will be the consequence on liquidation?
a. Class A Preferred will receive $3 per share more than common shares. b. Class A Preferred will receive 103% of common shares. c. Class A Preferred will share equally with common shares. d. Class A Preferred will be subordinated to the rights of common shares.