In a statement of work the history section describes the problems and issues that led to the decision to design a new database

Common stockholders of a business enterprise are said to be the residual owners. The term residual owner means that shareholders

a. are entitled to a dividend every year in which the business earns a profit. b. have the rights to specific assets of the business. c. bear the ultimate risks and uncertainties and receive the benefits of enterprise ownership. d. can negotiate individual contracts on behalf of the enterprise.

In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest?

A) Individuals are assumed to have insurable interest in themselves B) Insurable interest is established by a court of law C) Insurable interest can be established sufficiently by sentimental attachment alone D) Insurable interest must exist at the time of the application