An automobile insurance policy written as 30/60/25 means what?
A) It provides $30,000 maximum payout to any one person for bodily injury from an accident
B) It provides $60,000 maximum payout to any one person for bodily injury from an accident
C) It provides $25,000 maximum payout to any one person for bodily injury from an accident
D) It provides $30,000 maximum payout for property damage
E) It provides $60,000 maximum payout for property damage
A) It provides $30,000 maximum payout to any one person for bodily injury from an accident
You might also like to view...
A vertical merger involves companies at different stages of the production process
a. True b. False Indicate whether the statement is true or false
Great Outdoors Company makes two types of camping tents. Making a standard camping tent requires 4 hours of labor while making a deluxe camping tent requires 10 hours of labor. During the most recent accounting period the company made 2,000 standard camping tents and 500 deluxe camping tents. Indirect manufacturing costs amounted to $52,000 and are allocated based on labor hours. Based on this information:
A. $20.80 of overhead cost should be allocated to each camping tent regardless of the type of tent made. B. $4 of overhead cost should be allocated to each camping tent regardless of the type of tent made. C. $16 of overhead cost should be assigned to each standard camping tent and $40 of overhead cost should be assigned to each deluxe tent. D. None of the answers are correct.
Metro Facilities, Inc, contracts to sell a parking garage to Nouveau Property Company. The contract pro¬vides that if Metro does not close the deal by September 15, it must pay Nouveau one-half of the contract price. This provision isnot enforceable because it is
a. a liquidated damages clause. b. a waiver of breach clause. c. a limitation-of-liability clause. d. a penalty clause.
Compared to lean tools, Six Sigma tools are more intuitive and easier to apply by anybody in the workplace
a. True b. False Indicate whether the statement is true or false