Government authorities cannot enforce national law
a. True
b. False
Indicate whether the statement is true or false
False
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What will be an ideal response?
If the cost of an item of inventory is $50 and the current replacement cost is $57, the amount included in inventory according to the lower of cost or market is
A) $7 B) $50 C) $57 D) $107
Adverse selection results in which of the following?
A) No underwriting is necessary. B) Applicants for insurance have a higher probability of loss than the average group of insureds. C) The federal government must write the insurance. D) Better insureds are attracted to the group.
Banner's projected accrued expenses for 2015 are
A) $120,000. B) $160,000. C) $100,000. D) $200,000.