Commerce & Business Insurance, Inc, has a valid reason to cancel a policy issued to DIY Auto & Truck Parts Company. In most states, Commerce & Business could cancel the policy
a. on advance oral or written notice.
b. on oral or written notice but only after arbitration.
c. without notice.
d. on advance written—not oral—notice.
D
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The exercise price for stock option plans on the grant date is:
A. usually lower than the market price of the underlying shares. B. always higher than the market price of the underlying shares. C. always lower than the market price of the underlying shares. D. usually equal to or higher than the market price of the underlying shares.
A customer is injured using a company's product. The potential liability that may result is called a(n)
a. contingent liability. b. estimated liability. c. definitely determinable liability. d. estimated warranty liability.
When a company provides superior value by leading its industry in price and convenience, it has obtained ________
A) product leadership B) focus C) operational excellence D) customer intimacy E) differentiation
Postponement involves?
a. Delay of shipment until payment is received b. Delay of production until materials are available c. Delay of assembly until capacity is available d. Delay of customization of mass-produced product