In the United States, the first type of homeowner's insurance was fire insurance, offered in 1935 by a small company in Charleston, South Carolina
Indicate whether this statement is true or false.
Answer: FALSE
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Which of the following lease conditions would result in a capital lease to the lessee?
a. The lessee will return the property to the lessor at the end of the lease term. b. The lessee can purchase the property for $1 at the end of the lease term. c. The fair market value of the property at the inception of the lease is $18,000; the present value of the minimum lease payments is $15,977. d. The lease term is 70% of the property's economic life.
Selective distribution is often used with ________
A) convenience goods B) consumer packaged goods C) nonmass-market goods D) luxury goods
The transaction costs of completing a business agreement or deal of some sort, over and above the price of the deal, can include all of the following except
A. the costs of searching for an attractive target. B. the premium cost. C. the costs of evaluating its worth. D. the costs of completing the transaction. E. bargaining costs.
A ________ is a mark or symbol used to identify a manufacturer or merchant
A. trade name B. copyright C. certification mark D. patent