Abc corporation Study guides, Class notes & Summaries

When a producer submits an application that discloses personal information regarding the applicant, who supplies the privacy notice? Answer Producer In a disability buy-sell agreement, the policies funding the agreement are owned by the Answer business entity The guarantee of insurability option provides a long-term care policy owner the ability to Answer buy additional coverage at a later date The Commissioner may suspend a producer's license when the producer Answer Rebates a portion...

Accommodation - A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accounting audits - Procedures used to verify accounting reports and statements Acquisition - One firm buying another Activity-Based costing (ABC) - A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular...

CHAPTER 1 1) Which of the following is not considered to be a separate entity for tax purposes inCanada? A) An individual B) A proprietorship C) A corporation D) A trust 2) Which of the following attitudes and actions is most likely to help decision-makers develop an efficient approach to taxation? A) Cash flows should be considered from a before-tax perspective when making decisions. B) Functional managers should not be held responsible for the tax effects of decisions within their di...

MASTERY EXAM 1 QUESTIONS AND ANSWERS ALREADY PASSED An open-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. real estate investment trust A. mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent B. Plan Completion Insurance A closed-end management company...

Xcel Solutions Final Exam Prep (2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: When a minor is designated as the sole primary beneficiary, Answer: a guardian will be court-appointed in the event of a death claim Q: Which if the following best describes a warranty Answer: Statement gaurenteed to be true Q: A company that has not been authorized to operate in Colorado is known as Answer: a nonadmitted insurer Q: Insurance policies a...

Managing Contractual Relationships with Suppliers correct answer: Impossible to predict every single possibility at beginning of a contractual relationship Importance of moving beyond legal contractual guidelines to improve long-term suppliers and those that supply critical and strategic goods and services Pitfalls in Global Commerce correct answer: Signing contracts without reading and understanding them Making risky assumptions Making or accepting unreasonable demands Preventive Con...

RECA Exam| 2023/ 2024| Questions and Verified Answers| Grade A QUESTION Stan, a real estate professional registered with McAgent Real Estate Brokerage has just listed his commercial property for lease with his brokerage. Jim, another real estate professional registered with the same brokerage tells Stan that he has a client interested in leasing the property. What level of disclosure is required in this situation? Answer: Disclosure level 3 QUESTION Mary, a real estate pr...

AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield break...

Motorcycle company (Del/Main) sold a motorcycle to Jackson (Maine). Shortly after the sale, he takes it back to get serviced and tells the company he is going Albany for 6-months for a job. He rents out his house and gets an apartment in Albany. In NY he has an accident involving the motorcycle because a tire blew out and he is injured. He files suit in NY seeking 100,000. He files an answer and two months later he claims lack of SMJ and lack of PJ correct answersThe court should find that there...

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? A. ...