The type of loss covered by a marine insurance policy when cargo is damaged, destroyed, or sacrificed in the process of saving the vessel or the cargo of others is a:
A) general average loss
B) weighted average loss.
C) partial or particular average loss.
D) rescued loss.
A
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If interviewer costs differ by city size, comparisons should be made only among field workers working in comparable cities
Indicate whether the statement is true or false
Under a defined benefit pension plan,
a. actuarial computations are unnecessary. b. accounting for annual pension expense is simple. c. retirement payments are based on the amount accumulated in the pension fund. d. the employer guarantees the employees certain benefits upon retirement.
The primary reason for incurring liabilities is:
a. to meet needs for cash during the operating cycle. b. to keep the accounting equation in balance. c. Both of these are correct. d. Neither of these is correct.
A major underlying cause for the bullwhip effect includes ______.
A. revised demand forecasts B. the pull system of manufacture C. low elasticity of demand D. low elasticity of supply