What are the basic differences between a stock and a mutual insurance company?
What will be an ideal response?
The main difference between a stock and a mutual is that the policy holders of a mutual own the company. There is no capital stock in the mutual and policy holders participate in the good and bad performance of the company. Stock companies issue stock to raise capital. A policy holder does not have to be an owner (stockholder) of the company. Dividends from a mutual are not taxable, whereas stock dividends are.
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Any person who agrees to perform a service for a fee and is not subject to the control of those for whom the service is performed is called a(n)
a. manager; b. employee; c. executive; d. independent contractor; e. none of these
Negotiators can take direct action to present facts that will directly enhance their position or make it appear stronger to the other party. Which of the following is not an example of a direct action to alter the other party's impressions?
A. selective presentation B. displaying an emotional reaction C. picketing D. justifying your position and desired outcome
Which of the following is a characteristic of a lean production and just-in-time (JIT) manufacturing environment but not of a traditional manufacturing environment?
A) Increased inventory levels B) Increased product defects C) Increased reliance on a select number of suppliers D) Increased production time
On September 1, 2018, Acme, Inc, sold its sales manager's company car. The car was purchased in 2011 and was not yet fully depreciated. How many months of depreciation expense should Acme record on the car for the year ended December 31, 2018?
A. 8 B. 9 C. 0 D. 12