Author Question: Which of the following equations represents a simple and effective way to think about anticipated ... (Read 28 times)

tuffie · **on:** Jul 11, 2018

Which of the following equations represents a simple and effective way to think about anticipated external funding?

A) External funds required = assets - liabilities - equity
B) External funds required = assets + liabilities - equity
C) External funds required = assets + liabilities + equity
D) External funds required = assets - liabilities + equity

Question 2

Ben lives in a state that has a no-fault auto insurance law. Another motorist failed to yield the right of way, and hit his car. Ben filed a claim with his own insurer. He also contacted a lawyer to discuss suing the other driver.

The lawyer told Ben that while lawsuits resulting from auto accidents are permitted in the state, Ben's injuries were not severe enough to provide legal standing for a lawsuit. What type of no-fault law is in effect in the state where Ben lives?
A) pure no-fault
B) add-on no-fault
C) choice no-fault
D) modified no-fault