All of the following are ISO commercial crime coverage exclusions EXCEPT A) dishonest acts committed by a named insured or partner of the named insured. B) indirect loss resulting from covered losses. C) theft committed by an employee of the named insured. D) losses from unauthorized trading in stocks and bonds. ANSWER Answer: […]
In the ISO Commercial Crime Coverage form, safe burglary is defined as the A) unlawful taking of property to the deprivation of the insured. B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act […]
In the ISO Commercial Crime Coverage form, theft is defined as the A) unlawful taking of property to the deprivation of the insured. B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed […]
Most stocks have betas between A) 0.60 and 1.60. B) 0.00 and 1.00. C) -1.00 and 1.00. D) 1.00 and 2.00. ANSWER A
Given the information below, calculate the company’s cash balance at the end of the year. Cash Balance at Beginning of Year $80,000 Activity During the Year Increase in Accounts Payable $60,000 Decrease in Accounts Receivable $40,000 Depreciation Expense $500,000 Net Income $2,000,000 Purchase of Fixed Assets $800,000 Sales of Common Stock $100,000 Decrease in Notes […]
Which of the following is NOT an advantage of a limited partnership? A) Minimal legal requirements to start the business B) Limited partnerships are limited in their management of the firm C) Limited liability D) None of the above ANSWER C
What was the average annual rate of return on long-term government bonds (30-year Treasury bonds) during the period 1990 to 2014? A) 5.49% B) 4.14% C) 5.88% D) 7.82% ANSWER A
If you put $200 in a savings account at the beginning of each year for 10 years and then allow the account to compound for an additional 10 years, how much will be in the account at the end of the 20th year? Assume that the account earns 10% and round to the nearest $100. […]
How much money must you pay into an account at the end of each of 20 years in order to have $100,000 at the end of the 20th year? Assume that the account pays 6% per year, and round to the nearest $1. A) $2,028 B) $1,840 C) $2,195 D) $2,718 ANSWER D
Which of the following statements about purchasing cyber liability insurance is true? I. The coverage can be obtained by adding the appropriate endorsement to the general liability coverage. II. The coverage can be obtained by purchasing stand-alone cyber liability coverage. A) I only B) II only C) both I and II D) neither I nor […]
