Why did Daniel Defoe believe it was so important to post all credit purchases and payments on account to the ledger as soon as possible after recording them in the journal?
a. Because it was required by law
b. So that a dishonest customer didn't attempt to pay less than he owed
c. So that an honest customer wasn't asked to pay more than he owed
d. So that it was possible to cast up shop
b
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The loss ratio is the ratio of incurred losses plus loss adjustment expenses to earned premium.
a. true b. false
After a broker takes a listing on a residential property, the owner instructed the broker NOT to show the property to buyers with children, The broker should do which of the following:
A. Follow the seller's instructions. B. Include "no children" in all advertising. C. Inform the owner that the instructions violate federal law and that the broker must comply with the law. D. Add the "no children" stipulation to the listing agreement.