Which of the following statements is (are) true with respect to the collision damage waiver on rented cars?
I. It is inexpensive and is provided at no charge by most rental car companies.
II. It waives the renter's liability for bodily injury liability arising out of use of the rented auto.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: D
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Value engineering means reevaluating activities to reduce costs while still satisfying customer needs
Indicate whether the statement is true or false
Stacey deposits $5,000 into an account that pays 2 percent interest, compounded annually. At the same time, Kurt deposits $5,000 into an account paying 3.5 percent interest, compounded annually. At the end of three years:
a. both stacey and kurt will have accounts of equal value b. kurt will have twice the money saved that stacey does c. kurt will earn exactly twice the amount of interest that stacey earned d. kurt will have a larger account value than stacey will e stacey will have more money saved than kurt