Author Question: Joyce was injured by an uninsured drunk driver while she was riding in a friend's car. Joyce and her ... (Read 81 times)

NClaborn · **on:** Jul 11, 2018

Joyce was injured by an uninsured drunk driver while she was riding in a friend's car. Joyce and her friend each have a PAP with an uninsured motorists limit of 50,000.

How much will be paid by each policy if it is determined that Joyce has 70,000 of bodily injuries?
A) Each policy will pay 35,000.
B) Joyce's policy will pay 50,000, and the friend's policy will pay nothing.
C) Joyce's policy will pay 50,000, and the friend's policy will pay 20,000.
D) The friend's policy will pay 50,000, and Joyce's policy will pay 20,000.

Question 2

Executive compensation in the United States

A) is dominated by performance-based compensation designed to reduce agency problems.
B) cannot be linked to stock prices as this would create a conflict of interest with existing
shareholders.
C) is well below levels in Europe and Asia.
D) is dominated by performance-based compensation that ensures fair and just pay for
corporate executives.