Morgan was hired by an insurance company after she graduated from college. Upon completion of a training program, Morgan was assigned to a territory where she adjusts claims of the insurer's policyowners. Morgan is a(n)
A) public adjustor.
B) staff claims representative.
C) agent.
D) independent adjustor.
Answer: B
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Unlike with patents, the ideas underlying copyrighted material need not be novel
a. True b. False Indicate whether the statement is true or false
Warren Corporation's balance sheet reports equipment that originally cost $65,000. The accumulated depreciation for the equipment is $24,400. Warren sells the equipment for $36,400. What would the effect be on its income statement and statement of cash flows?Income StatementCash Flows
A.
| Gain: $36,400 | Investing + $36,400 |
B.
| Loss: $40,600 | Operating + $36,400 |
C.
| Loss: $4200 | Investing + $36,400 |
D.
| Gain: $4200 | Operating ? $4200 |
Suppose interest rates have been at historically low levels the past two years. A reasonable strategy
for bond investors during this time period would be to A) invest in long-term bonds to lock in a bond position for when interest rates increase in the future. B) invest in short-term bonds to reduce interest rate risk. C) buy only junk bonds which have higher interest rates. D) invest in long-term bonds to reduce interest rate risk.
Which of the following characteristics would best explain the use of probabilities and expected values in a decision analysis?
A. Production bottlenecks. B. Multiple products and services. C. Limited resources. D. Uncertainty. E. Inflation.