Shipping Corporation applies to TransInsurance Company for a fire insurance pol¬icy on Shipping's warehouse. On the application, Shipping understates the age of the property to obtain a lower premium. When a fire destroys the ware-house, TransInsurance can
a. deny payment, because a fire destroyed the warehouse.
b. deny payment, because of fraud in the application.
c. not deny payment, because a fire destroyed the warehouse.
d. not deny payment, because the application is not part of the policy.
B
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Residual income is determined as
a. income times the asset turnover rate. b. income times the inventory turnover rate. c. income minus (asset base times target rate of return). d. sales minus (asset base times target rate of return).
Researchers assigned 400 undergraduate students to 80 five-person teams that worked on a dynamic simulation task. The researchers found that leaders who were rated as charismatic (as measured by both self-ratings and follower ratings) were more effective at using a
a. coaching, supportive style b. directive leadership style c. high involvement “hands on” style d. visionary leadership style
Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
A. $837.91 B. $1,009.53 C. $888.39 D. $858.10 E. $777.34
Price competition occurs when a seller makes its product stand out from the competition by distinctive product quality and customer service.
Answer the following statement true (T) or false (F)