In addition to the coverages provided in a policy of fire insurance, homeowners insurance
provides coverage for:
A) Flood insurance.
B) An annuity component.
C) Disability of the homeowner.
D) Personal liability.
E) Private mortgage insurance.
D
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Which of the following represents a privilege granted by a government to use public property in performing services?
A) goodwill B) license C) franchise D) trademark
Which of the following questions most closely involves analysis of the product element of the marketing mix?
A) What do competitors charge for their products? B) What is the target's level of awareness for each competitive brand? C) What are the company's manufacturing costs? D) Are there any foreseeable changes in the requirements of the target? E) Will wholesale, retail, or direct-to-consumer channels be used?
In January, Eddie contracts to sell 100 bushels of soybeans that fall. This contract:
a. is void. He cannot contract to sell a crop before it is even planted; the goods must be in existence. b. is void. The soybeans must be identified to the contract at the time he contracts to sell them. c. can be valid; but title to the soybeans cannot pass until the soybeans exist. d. can be valid, and title to the soybeans passes when the contract is signed.
Small businesses are generally managed by professional managers.
Answer the following statement true (T) or false (F)