Recomputing the unexpired portion of insurance policies in effect tests which of the following assertions for prepaid insurance?
A. Accuracy, valuation, and allocation.
B. Existence.
C. Classification.
D. Rights and obligations.
Answer: A
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Zero Zone Inc. manufactures and sells display refrigeration and freezer units to supermarkets. A supermarket manager called Nathan, one of Zero Zone's salespeople, to inform him that his Zero Zone rear-load refrigeration display unit needed to be defrosted about three times every day. It was more than the normal rate, and Nathan responded immediately. He cancelled his other appointments and drove to the supermarket. Nathan worked for two hours installing a new oversized coil to fix the problem. Which of the following factors needed for the development of mutual trust is illustrated in this example?
A. Marketability B. Honesty C. Morality D. Likability E. Customer orientation
Tact is particularly crucial in using the ________ technique for handling objections to avoid offending the prospect.
A. pre-emptive B. pass over C. rephrasing D. direct denial E. indirect denial
Which one of the following is considered to be an appraisal cost?
A) cost of quality audits B) cost of supplier programs C) cost of rework D) cost of process design
If a partner's act is not apparently for carrying on in the ordinary course the partnership business:
A) the partnership is bound anyway because a partner always has authority to bind the partnership. B) the partner is necessarily acting without authority. C) the partnership is bound only where the partner has actual authority. D) the third person dealing with the partner becomes liable along with the partner.