Some states have enacted laws which prohibit uninsured drivers from suing a negligent driver for noneconomic damages, such as pain and suffering. These laws are called A) comparative negligence laws. B) “no pay, no play” laws. C) financial responsibility laws. D) unsatisfied judgment laws. ANSWER Answer: B
Date: September 19th, 2020
Stock W has an expected return of 12% with a standard deviation of 8%. If returns are normally distributed, then approximately two-thirds of the time the return on stock W will be A) between 4% and 20%. B) between -4% and 28%. C) between 12% and 20%. D) between 8% and 12%. ANSWER […]
Date: September 19th, 2020
In chapter 6, Projecting Financial Requirements and Managing Growth, the author focuses on three critical questions to examine the firm’s financial future. Which of the following questions is NOT addressed by the author in this chapter? A) How much and what type of financing will be required to meet goals and expectations? B) How do […]
Date: September 19th, 2020
You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. If the current going rate of interest is 5%, what is your bond worth if you sell it today (rounded to the nearest dollar)? A) $675 B) $612 C) $625 D) $648 […]
Date: September 19th, 2020
Ratio analysis enhances our understanding of three basic attributes of performance: liquidity, profitability, and the ability to create shareholder value. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Which of the following statements is true regarding unsatisfied judgment funds? A) An accident victim can choose to collect from the negligent driver or from the fund. B) The negligent driver is relieved of legal responsibility when the fund makes a payment to the accident victim. C) The maximum amount an individual can collect from […]
Date: September 19th, 2020
Net working capital is equal to gross working capital minus depreciation. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
A balance sheet reflects the current market value of a firm’s assets and liabilities. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
The multi-car discount is based on the assumption that A) two cars owned by the same person will not be driven as frequently as one car. B) multiple vehicle owners are safer drivers. C) owners of more than one vehicle are more likely to be financially responsible. D) lower liability limits are needed if there […]
Date: September 19th, 2020
A number of benefits are payable under no-fault plans. Under one provision, benefits are paid for tasks normally performed by the insured, including such things as lawn care, housework, and home repairs. These tasks are called A) home health care services. B) hospice services. C) activities of daily living. D) essential services expenses. […]
Date: September 19th, 2020
