Which of the following statements regarding group long-term disability income insurance plans is (are) true?
I. These plans are usually limited to occupational disabilities.
II. These plans typically use a more restrictive definition of disability after an initial period of disability, such as two years.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Hal's Hardware store defaults on a debt to Intrastate Bank, which takes possession of the collateral securing the debt. Intrastate sells the collateral. The proceeds from the sale are applied first to
A. Hal's debt to Intrastate. B. Hal's debts to other creditors. C. Intrastate's fees for the sale. D. payments Hal's made on the debt to Intrastate.
Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U.S. law? Please explain each of your answers. Scenario A cash payment of $250,000 was made by Durdy Coal, Inc, a U.S. corporation, to
DCI's agent with the instruction "put this to good use on DCI's behalf." In turn cash is paid to the State Importation Officer of the People's Republic of China in order to secure a Chinese import license.
Babbitt Corporation has provided the following data from its most recent income statement: Net operating income$94,000 Interest expense$62,000 Net income before taxes$32,000 Income taxes$10,000 Net income$22,000 Required:Compute the times interest earned ratio. Show your work!
What will be an ideal response?
When Banhi arrives at his interview, he notices that the interview team is all Caucasian females. He feels that he has no chance of getting the job. After 2 weeks, the rejection letter comes in the mail. He takes the issue to the local EEOC to file a complaint claiming that the ________ legislation has been violated.
A. Volstead Act B. Rehabilitation Act of 1973 C. No-FEAR Act of 2002 D. Civil Rights Act of 1991 E. Patriot Act