Which of the following is an example of risk retention?
A)
Not driving an automobile to avoid having an accident
B)
Wearing a safety belt when driving
C)
Purchasing auto insurance
D)
Having a $200 deductible clause on your auto insurance policy
D
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Which of the following is the correct accounting treatment for a patent?
A) A patent must be shown as a current asset on the balance sheet. B) A patent must be depreciated or impaired, but not amortized. C) A patent must be capitalized and amortized over 20 years or less. D) A patent must be expensed, not capitalized, in the period in which it is purchased.
During the exploration stage of a salesperson's career, the salesperson will:
A. Need peer acceptance and challenging positions B. Produce superior results on the job in order to be promoted C. Need achievement, esteem, autonomy and competition D. Develop creativity and innovativeness E. Balance the conflicting demands of career and family