Which of the following statements about the additional coverages included in Section II of the homeowners policy is true?
A) Damage to property of others is covered only if the insured is legally liable.
B) Damage to property arising out of a business engaged in by the insured is covered.
C) Interest that accrues on a judgment after the judgment is awarded but before the judgment is paid is covered under claims expenses.
D) First aid expenses incurred by the insured for a bodily injury covered under the policy are not covered.
Answer: C
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For every unit that a company produces and sells above the breakeven point, its profitability is improved (ignoring taxes) by the unit's
a. gross margin. b. selling price minus fixed cost. c. variable cost. d. contribution margin.
Which of the following is least associated with unilateral decision making?
a. reactive stakeholder strategy b. interactive stakeholder strategy c. proactive stakeholder strategy d. delegating stakeholder strategies
Which of the following forms of manager compensation most likely encourages managers to take a long-term view of how their performance ties in with the long-term goals of a company?
A) Year-end cash bonus B) Base salary C) Stock options D) Use of a company car
Sensitivity analysis is the analysis of the effect of ________ changes on the ________
A) price, company B) cost, production C) parameter, optimal solution D) constraint, parameter