Which of the following insurance contracts is enforceable?
A. A contract whose warranty is breached by the insured
B. A life insurance contract in which the insured misrepresents his or her health or age
C. An insurance policy taken out on a minor by an adult
D. An insurance contract where only one party to a contract has the capacity to contract
Answer: C
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Indicate whether the statement is true or false
Helen feels that it is possible for a trained monkey to do the jobs of her workers. Which researcher’s viewpoint is she espousing?
A) Max Hawthorne B) Chester Barnard C) Frederick Taylor D) Abraham Maslow
Lang Industries received payments from customers who had been billed earlier for services provided. What effect does this transaction have on Lang's accounting equation?
A) Assets and liabilities increase. B) Assets and stockholders' equity increase. C) Assets and liabilities decrease. D) There is no net effect on the accounting equation, as one asset account increases while another asset account decreases.
When considering the phase gate review process, each gate must have established gate criteria and specific outputs. The criteria for all of the gates during the project are selected before the start of the project.
Answer the following statement true (T) or false (F)