Floater policies are used to insure:

A) property that is not waterproof
B) property that is easily and frequently moved
C) property that can't be covered by any other type of insurance
D) small boats, canoes, rafts, etc


B

Business

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Which of the following changes in accounting principle does not require the retrospective approach?

a. Change from the percentage-of-completion to the completed-contract method b. Change of inventory method from LIFO to FIFO c. Change of inventory method from FIFO to LIFO d. All of these require retroactive adjustment.

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A company's ____________ helps to determine which supplementary services should be included

a. location b. delivery system c. key service representative d. service atmosphere e. market positioning strategy

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The replenishment cycle occurs at the retailer/distributor interface

Indicate whether the statement is true or false.

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