Suppose that the allowance factor for a job is 0.5 and the normal time is 5 hours. What is the standard time?

A) 5 hours
B) 2.5 hours
C) 10 hours
D) 7.5 hours
E) cannot determine with the given information

C

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Floors R Us, a franchisor, cancels its franchise agreement with Bernardo, the franchisee, without any notice. Floor's action:

a.) will allow Bernardo a right to reimbursement of his franchise fee. b.) is an act in the ordinary course of business. c.) is a violation of federal law. d.) is likely a wrongful termination.

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Bill purchased a nonparticipating life insurance policy. The cash value was based on the insurer's present mortality, expense, and investment experience. His premium was guaranteed for an initial period, and is "re-determined" after three years. Bill purchased:

(a) universal life insurance (b) variable life insurance (c) current assumption whole life insurance (d) indeterminate-premium whole life insurance

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