Under the Homeowners 3 policy, all of the following are options of the insurer for settling claims EXCEPT
A) paying the claim in cash.
B) replacing the property.
C) repairing the property.
D) paying the claim with insurance company stock.
Answer: D
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Which of the following statements best supports the view that GE's Ecomagination strategy is in line with the shared value creation framework?
A. The Ecomagination strategy helps GE spend more on research and development than other similar companies. B. The Ecomagination strategy allows GE to produce "green" products while increasing revenue and competitive advantage. C. The Ecomagination strategy is the brainchild of the founder of the company. D. The Ecomagination strategy generated $3 billion in revenues for GE during 2012.
The cost of health care has risen dramatically in recent years due to all of the following, except
A) people living longer and requiring attention for longer periods of time. B) the high cost of technology in health care. C) reduced litigation costs. D) the bureaucratic processes of reimbursement and claim handling.
Zero, Inc. agreed to build Millie a storage building for $8,000. After beginning the project, Zero realized that it could not complete the job and make a profit. Zero demanded $9,500 to complete the building. Millie agreed to pay the $9,500. When the project was complete, Millie tendered $8,000 to Zero for the job. If Zero sues Millie for the remaining $1,500,
A. Zero will win because there was consideration for the additional $1,500. B. Zero will win because Millie had a preexisting duty to pay any additional amounts. C. Zero will lose because there was no legal consideration to support the additional $1,500. D. Zero will lose because the UCC does not require consideration to modify an existing contract.
Krumbly Corporation uses the FIFO method in its process costing system. At the beginning of the month, Department D's work in process inventory contained 2,000 units. These units were 100% complete with respect to materials and 40% complete with respect to conversion costs, with a total cost at that point of $13,600. During the month, conversion costs amounted to $8 per equivalent unit. If all 2,000 units are fully complete by the end of the month and transferred out of the department, the total cost of the 2,000 units transferred out will be closest to:
A. $9,600 B. $16,000 C. $19,600 D. $23,200