Inter-Ocean Transfer owns 12 large cargo ships which transport ...

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Inter-Ocean Transfer owns 12 large cargo ships which transport goods. Inter-Ocean Transfer can obtain physical damage insurance on these vessels by purchasing
 
  A) hull insurance.
  B) cargo insurance.
  C) protection and indemnity insurance.
  D) freight insurance.

Question 2

Consider a corporation that was originally 100 family owned. Which of the following statements is TRUE?
 
  A) Each time the company issues new shares family control may be reduced.
  B) If the family owns more than 50 of the shares they still have effective control of the firm.
  C) Even if the family owns less than 50 of the outstanding shares they may still retain effective control of the firm, especially if there are no other large shareholders.
  D) All of the above are true.

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Answer to Question 1

Answer: A

Answer to Question 2

D

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TY

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