Frank applies to GuardDog Insurance Company for homeowners' insurance. The company issues a policy, but later discovers that Frank's application includes several misstatements. Most likely, these misstatements can
A) affect the coverage under the policy but cannot void the policy
B) bind Frank but cannot affect the coverage.
C) not bind Frank or affect the policy.
D) void the policy.
D
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Garcia's, a company that sells fishing nets, provides the following information about its product
Targeted operating income $54,000 Sales price per unit 10.00 Variable cost per unit 1.50 Total fixed costs 120,000 What is the contribution margin ratio? (Round any intermediate calculations and your final answer to two decimal places.) A) 85.00% B) 100% C) 75.00% D) 15.00%
A firm that is unable to obtain financing to manufacture new products is likely encountering negative pressures from
A. the economic environment. B. the competitive environment. C. the cultural/social environment. D. the technological environment. E. the political/legal environment.
Life is good ® no longer encloses its apparel in individual poly-bags when shipping to customers because the management feels it harms the environment. This is an example of a _____ orientation.
A. societal marketing B. sales C. reciprocal exchange D. production E. product
U.S. Senator Jones enjoys an absolute privilege when she is speaking on the floor of the Senate
Indicate whether the statement is true or false