All of the following are exclusions in the homeowners policy that apply to medical payments to others (Coverage F) EXCEPT
A) bodily injury resulting from nuclear radiation.
B) bodily injury to persons who are social guests at the insured location.
C) bodily injury to persons eligible to receive workers compensation benefits.
D) bodily injury to residents of the household who are in the care of an insured.
Answer: B
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When Laser Technology developed and introduced a high-tech crash investigation system to be used by law enforcement officers, the company determined that demand for the product was inelastic, and there was no existing competition. What should be the pricing strategy for the system?
a. low initial price, rising constantly through growth and into maturity b. high initial price, falling slightly when entering the growth stage c. high price, continuing through growth and maturity d. low initial price, rising slightly when entering the growth stage
International Financial Reporting Standards (IFRS) is a set of principle-based accounting standards
that were established by the International Accounting Standards Board (IASB). Indicate whether the statement is true or false