Insurance purchased from a broker is effective when
a. the application is filled out.
b. the first premium is paid.
c. the company accepts it.
d. a binder is issued.
C
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Ratios used to evaluate the allowance for uncollectibles are
a. Bad Debt Expense to Sales Revenue and the ratio of the Accounts Receivable, Gross to Allowance for Uncollectibles to Accounts. b. Sales Revenue to Bad Debt Expense and the ratio of the Accounts Receivable, Gross to Allowance for Uncollectibles to Accounts. c. Sales Revenue to Bad Debt Expense and the ratio of the Allowance for Uncollectibles to Accounts Receivable, Gross. d. Bad Debt Expense to Sales Revenue and the ratio of the Allowance for Uncollectibles to Accounts Receivable, Gross. e. none of the above.
Having liability coverage as part of auto and homeowner's policies helps protect your ________ in the event of an accident
A) insurance rates B) credit rating C) net worth D) house value
Define the relationship between benchmark and benchmarking.
What will be an ideal response?
The designations “top”, “middle”, and “first line” classify managers on the basis of their ____ rank in the organization.
a. Horizontal b. Vertical c. Top d. Middle