Which of the following businesses is most likely to purchase a fidelity bond?
A. A law office that only receives payments by credit card
B. A doctor's office that only receives payments through insurance companies
C. A bank that receives cash and checks
D. A seller at farmer's markets who operates his or her business alone
Answer: C
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Answer the following statements true (T) or false (F)
1. Geometric analysis system is an analytical method managers use to evaluate locations. 2. The price to be charged for products is a decision that has to do with supply chains. 3. A political factor in facility location is the humanitarian requirements. 4. Avoiding quality inspections may be considered a firm’s competitive strategy.
In a limited partnership, the partners can agree that all partners have limited liability
Indicate whether the statement is true or false
Which of the following statements about term life insurance is correct??
A. It is administered primarily by the trust departments of commercial banks.? B. ?The premiums associated with a term insurance policy are fixed payments computed as an average of the premiums required over the expected life of the insured person. C. ?It offers both insurance coverage and a savings feature. D. ?It is a relatively short-term contract that provides financial protection for a temporary period. E. ?Investors who prefer to receive current income can invest in income policies, and investors who are willing to accept higher risks in hopes of obtaining higher returns can invest in growth funds.
Which of the following is true regarding the government-wide Statement of Net Position?
A. A reporting entity (primary government plus component units) total column is required. B. The government-wide Statement of Net Position must be prepared in a classified format; that is, both assets and liabilities must be separated between current and long-term categories. C. The government-wide Statement of Net Position reflects capital assets, net of accumulated depreciation, for both governmental and business-type activities. D. The government-wide Statement of Net Position includes all resources entrusted to the government; including governmental, proprietary, and fiduciary.