________ are contractual provisions of insurance policies that specify what risks the insurance company is assuming.
A. Premiums
B. Coverages
C. Internal controls
D. Separation of duties
Answer: B
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The business marketer normally deals with far fewer, much larger buyers than the consumer marketer does
Indicate whether the statement is true or false
At the beginning of 2019, Elliott Company has the following account balances:
Accounts Receivable $44,000 (debit balance) Allowance for Bad Debts $5000 (credit balance) Bad Debts Expense $0 During the year, credit sales amounted to $850,000. Cash collected on credit sales amounted to $790,000, and $16,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The ending balance in the Allowance for Bad Debts is ________. A) $5000 B) $5250 C) $8750 D) $10,250
Purchasing large quantities of product to stock up against risk is referred to as _______.
a. flexing b. inventory skipping c. frontloading d. stockpiling
What are the essential requirements for strict product liability?