All of the following are requirements of a contract of insurance except:
A) the contract must be in writing
B) it must be for a legal purpose
C) there must be legal capacity of the parties
D) there needs to be an offer and an acceptance
A
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Which of the following is a symptom of an out-of-control company?
A) flexible work hours for employees B) highly challenging organizational goals C) lack of periodic reviews D) highly rigid work culture E) lack of new employees
Data redundancy is used to establish relationships between data but is never used to improve database performance
Indicate whether the statement is true or false
Cameron, editor of the local newspaper, assigned to Jim the writing of a story about pollution of a nearby stream. Although Jim used reasonable care in gathering and checking his information, unknown to Jim, the story contained a defamatory statement about Maureen. Maureen reads the story and sues Jim for libel. Cameron, who read and published the story
A. must indemnify Jim for Maureen's claim. B. need not indemnify Jim for Maureen's claim because Jim should have checked his facts more carefully. C. need not indemnify Jim for Maureen's claim because Jim breached his duty to obey instructions. D. can recover damages from Jim for any injury to the newspaper resulting from Jim's story.
Which of the following statements concerning the internal rate of return is false?
A) The internal rate of return for a capital budgeting project is the same for all firms regardless of their cost of capital. B) A project is acceptable long as the project's internal rate of return is greater than the hurdle rate for the project. C) The internal rate of return is dependent on the timing of the cash flows. D) A project with a positive internal rate of return will always increase the value of the firm if the project is accepted. E) You do not need to know the required rate of return to solve for the internal rate of return.