Which of the following is covered under a fire insurance policy without any extended coverage?
A. A fire caused by extreme heat in desert areas
B. A fire caused by an electrical fault in a factory
C. Smoke arising out of a singed electrical circuit
D. Smoke damage as a result of excessively overcooked food
Answer: B. A fire caused by an electrical fault in a factory
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Which of the following is true?
a. Trading securities can be classified as current or noncurrent depending on management's intent. b. Held-to-maturity securities should not be classified as current under any circumstance. c. Available-for-sale securities can be classified as current or noncurrent depending on management's intent. d. Trading securities should not be classified as current under any circumstance.
An advantage of downsizing is
a. one time losses. b. layoffs. c. reduced communications. d. decreased costs in the long run.
Why have checks and balances been built into the U.S. Constitution?
A) to keep a check on the number and frequency of amendments made to the Constitution B) to ensure that the judiciary is not biased or corrupt C) to prevent any one of the three branches of the government from becoming too powerful D) to ensure that people of all races and ethnicities are uniformly represented
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Indicate whether the statement is true or false