Author Question: All of the following are covered autos under the liability section of the PAP EXCEPT A) a ... (Read 77 times)

abern

  • Hero Member
  • *****
  • Posts: 533
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.


duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Answer: A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library