SpeedyTime Delivery requires their drivers to wear seat belts as they operate their trucks. This is an example of self-insuring as a risk management strategy.
Answer the following statement true (T) or false (F)
False
Wearing seat belts is not self-insurance, but rather a way a business like SpeedyTime can reduce risk. Seat belts will minimize the severity of injuries from accidents. Self-insurance is a strategy where firms set aside money to cover routine claims and buy "catastrophe" insurance to cover big losses.
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Tosho Electronics, a leading Japanese, electronic manufacturer believes shorter product life cycles of new products reduce the scope for R&D and innovation. Offer a possible reason for shorter life cycles
What will be an ideal response?
LIFO assumes that inventory costs flow in the order incurred.
Answer the following statement true (T) or false (F)
The Designer Company issued 10-year bonds on January 1, 2009. The 6% bonds have a face value of $800,000 and pay interest every January 1 and July 1. The bonds were sold for $690,960 based on the market interest rate of 8%. Designer uses the effective-interest method to amortize bond discounts and premiums. On July 1, 2009, Designer should record interest expense (round to the nearest dollar) of
A) $27,638 B) $24,000 C) $48,000 D) $55,277
When it comes to the coordination dimension of global strategy and international management, the key conflict is between:
A. Centralization and decentralization of policies and processes B. Coordination between international corporations and employees C. Local management and local employees D. Specialization and generalist policies