Which statement is true about the conditions section of an insurance policy?

I. It contains a description of the property or life that is insured. (explains declarations)
II. It explains what types of perils, losses, and property are not covered under the contract. (explains exclusions)
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II


Ans: (d) neither I nor II

Business

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A(n) ____________________ is a legal reason offered by a primary or secondary party for not paying a holder the amount due on a negotiable instrument

Fill in the blank(s) with correct word

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To print an Adjusted Trial Balance, select:

A. Reports Center > Accountant & Taxes B. Reports Center > Company & Financials C. Company Center > Company & Financials D. Company Center > Accountant & Taxes

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Which of the following statements about the six-sigma approach to quality is true?

A. It is an excellent method for delivering business results. B. It has little practical use in the business world. C. It focuses on eliminating defects in a process. D. It looks at whether a process is the best one available. E. It usually improves the bottom line.

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