A regular charge account is one A) that covers a single purchase. B) that is used primarily as a shopping convenience. C) that requires an initial security deposit. D) offered only by travel and entertainment lenders, such as American Express. ANSWER B
Date: September 19th, 2020
All of the following are coverage options under the physical damage coverage in the Business Auto Coverage Form EXCEPT A) comprehensive coverage. B) specified causes-of-loss coverage. C) collision coverage. D) property damage liability coverage. ANSWER Answer: D
Date: September 19th, 2020
Investors expect to receive the highest returns from government-issued securities because the government will not default on securities that it has issued. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Secured credit cards are A) issued only to those who are the most credit worthy. B) issued only to corporations that have been operating for at least five years. C) useful for those who are trying to overcome a poor credit history. D) protected by an unlimited line of credit. ANSWER C
Date: September 19th, 2020
Which of the following categories of owners have limited liability? A) general partners B) sole proprietors C) shareholders of a corporation D) both A and B ANSWER C
Date: September 19th, 2020
Although the firm has many important stakeholders, the ________ are most important because they are essentially the owners of the firm. A) Shareholders B) Investment bankers C) Lenders D) Managers ANSWER A
Date: September 19th, 2020
Based on the information in Table 4-2, the inventory turnover ratio is A) 2.37 times. B) 4.43 times. C) 1.29 times. D) 2.99 times. ANSWER A
Date: September 19th, 2020
Which of the following statements about the typical commercial umbrella policy is (are) true? I. The policy is designed to cover only those loss exposures specifically excluded by the underlying insurance contracts. II. The policy is excess over the required underlying coverages. A) I only B) II only C) both I and II D) neither […]
Date: September 19th, 2020
Under the Fair Credit Reporting Act (FCRA), if you have been denied credit, you have a right to A) inspect your credit file and have any errors or unsubstantiated entries corrected or removed. B) sue the credit bureau if your credit file indicates that you should have been granted credit. C) same response as b, […]
Date: September 19th, 2020
Pro forma estimates of cash flows are rarely if ever correct. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
