Give an account of the no-fault automobile liability insurance
What will be an ideal response?
Most automobile insurance coverage is based on the principle of "fault," whereby a party injured in an accident relied on the insurance of the at-fault party to pay for his or her injuries. This system leads to substantial litigation, and many accident victims are unable to recover because the at-fault party has either inadequate insurance or no insurance at all. To remedy this problem, more than half of the states have enacted legislation that mandates no-fault automobile insurance. Under this system, a driver's insurance company pays for any injuries or death he or she suffered in an accident, no matter who caused the accident. No-fault insurance assures the insureds that coverage is available if they are injured in an automobile accident. No-fault insurance policies provide coverage for medical expenses and lost wages. Pain and suffering are sometimes covered. No-fault insurance usually covers the insured, members of the insured's immediate family, authorized drivers of the automobile, and passengers.
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A SWOT analysis would most likely be used during which component of the marketing planning process?
A) establishing marketing objectives B) finalizing the business plan C) conducting a marketing audit D) creating the marketing mix E) monitoring performance
If an organization's mission statement describes the organization as it currently operates then its strategic vision points to the
A. future. B. expectations. C. past. D. profits. E. production numbers.
Francesca cannot serve as a trustee in a bankruptcy case because she is not a lawyer
a. True b. False Indicate whether the statement is true or false
A local restaurant owner is considering expanding into another rural area. The expansion project
will be financed through a line of credit with City Bank. The administrative costs of obtaining the line of credit are $500, and the interest payments are expected to be $1,000 per month. The new restaurant will occupy an existing building that can be rented for $2,500 per month. The incremental cash flows for the new restaurant include A) $2,500 per month rent. B) $500 administrative costs, $1,000 per month interest payments, $2,500 per month rent. C) $1,000 per month interest payments, $2,500 per month rent. D) $500 administrative costs, $2,500 per month rent.