All of the following are covered autos under the liability section of the PAP EXCEPT
A) a nonowned van which is driven by the insured on a regular basis.
B) a trailer owned by the named insured.
C) a borrowed auto used by the insured as a substitute for a stolen covered auto.
D) a newly acquired auto which replaces a vehicle previously described in the policy.
Question 2
High Tech Corp. cut its research and development budget in 2010 by 4,000,000 in order to
improve its cash flow for the year. Which of the following statements is MOST correct?
A) The stock price will likely increase because the value of stock is based on reported cash flow.
B) The change will have no impact on stock price because the company's profits will not change
in 2010.
C) The stock price will increase only if reported profits in 2010 are higher than profits reported in
2009.
D) The stock price may decrease because investors may predict that future cash flows will
decrease due to the lack of innovation and new products.
Cross-section of wrist showing tendons and nerves involved in carpal tunnel syndrome.
Common skin signs. Each of the illustrations depicts a section through skin
The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper
Cross Section of the Human Brain
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Anatomy of the Spinal Cord: Cross Section Through the Spinal Cord in the Cervical Region