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
You inherit $300,000 from your parents and want to use the money to supplement your retirement. You receive the money on your 65th birthday, the day you retire. You want to withdraw equal amounts at the end of each of the next 20 years. What constant amount can you withdraw each month and have nothing […]
Date: September 19th, 2020
The market rewards the patient investor, for between 1926 and 2008, there has never been a time when an investor lost money if she held an all-stock portfolio for ten years. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
