Explain the three types of insurance most states require business owners to carry.
What will be an ideal response?
1) Worker's compensation - compensates employees for loss of income and pays medical expenses in job-related injuries.
2) Disability - compensates employees for loss of income due to a disabling injury or illness.
3) If you have an automobile or truck that is owned or leased by the business, you must carry commercial fleet insurance to cover your liability for personal injuries in an accident, damages to any vehicle involved, and injuries to others.
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Items should be reported as part of the company's "inventory" at year end, if they are
a. Purchased from a creditor, available for sale, and paid for the following year. b. Held in anticipation of an increase in market value. c. Determined to be part of cost of goods sold. d. Sold during the period.
The average employee spends over ______ of an average workday listening.
A. 70% B. 75% C. 60% D. 90%
The United States has one of the world's highest percentages of college-educated citizens. What can be the possible implications of this observation to the marketing environment of a US firm?
What will be an ideal response?
A current ratio that has increased from the prior period indicates an improvement in the company's ability to pay its current debts
Indicate whether the statement is true or false