Which of the following statements about risk pooling as a form of insurance is correct?
A) Lending institutions forcing consumers to buy insurance as a condition for financing is not an example of risk pooling.
B) Captive insurers diminish the need for risk pooling.
C) Duplication is a form of risk pooling.
D) In some cases the law requires firms to create them.
D
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This year, Game Co took advantage of market conditions to refund its outstanding debt. Game should report the excess of the carrying amount of the old debt over the amount paid to extinguish it as a(n)
A) deferred credit to be amortized over life of new debt. B) part of continuing operations. C) extraordinary item, net of income taxes. D) prior period adjustment.
The formula for calculating gross margin is
A. net sales minus gross sales plus the cost of goods sold. B. gross sales minus the cost of goods sold. C. net sales minus the cost of the goods sold. D. net sales plus the cost of goods sold. E. gross sales plus the cost of goods sold.
Bankruptcy and divorce can be which of the following categories?
a. Criminal matters b. Civil matters c. Either of the above d. Neither of the above
Which of the following is described by people interacting primarily to share information with each other?
A. work team B. collaboration C. work group D. synergy