All of the following are ISO commercial crime coverage exclusions EXCEPT
A) dishonest acts committed by a named insured or partner of the named insured.
B) indirect loss resulting from covered losses.
C) theft committed by an employee of the named insured.
D) losses from unauthorized trading in stocks and bonds.
Answer: C
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The basic set of premises in a theory is also sometimes called all of the following except:
a. hypotheses. b. assumptions. c. postulates. d. positions.
Which of the following types of life insurance provides no savings element?
A) Term B) Whole C) Universal D) None of the above
Answer the following statements true (T) or false (F)
1) The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand. 2) An advantage of the chase SOP production plan is that inventories can be kept relatively low. 3) Disaggregating an SOP plan leads to a master production schedule (MPS). 4) The feasibility check of a Sales and Operations Plan (SOP) is rough-cut capacity planning. 5) The feasibility check of a Master Production Schedule (MPS) is the aggregate capacity plan.
The difference between the actual variable overhead rate and the standard variable overhead rate, multiplied by the actual amount of the cost driver, is the:
A. variable overhead volume variance. B. variable overhead efficiency variance. C. over- or underapplied variance. D. variable overhead rate variance.