What are mutual funds?
What will be an ideal response?
A mutual fund is an investment program that pools funds from numerous entities and individuals to purchase a large, diversified collection of stocks and/or bonds.
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Variable costing is a method of reporting that deals only with a manager's controllable, variable costs
Indicate whether the statement is true or false
Allen told his clients that ________ were unacceptable
a. IOUs b. IOU's
Which of the following statements respecting claims, if any, is TRUE?
A) The insured, pursuant to the policy, usually must give immediate notice of a claim to the insurer. B) The limitation period in which to bring an action on a contract of insurance is two years and that cannot be shortened by terms of the policy C) If an injured party has property insurance and gets paid in full,they cannot sue the person who caused the damage as that would be double recovery D) An insured may be awarded punitive damages if an insurer deals with a claim in bad faith E) Both A and D
Some states have today merged the implied assumption of risk doctrine into their comparative negligence systems
a. True b. False Indicate whether the statement is true or false