For a lease to be classified as a capital lease, the lease term must be greater than or equal to ________
A) 50% of the expected economic life of the leased property
B) 75% of the expected economic life of the leased property
C) 80% of the expected economic life of the leased property
D) 90% of the expected economic life of the leased property
Answer: B
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Maria's home was damaged by an earthquake. As Maria has open-perils coverage on her home, she was surprised to learn that her loss was not covered
Which section of a property insurance policy specifies which perils, property, and types of losses are not covered? A) the declarations B) the exclusions C) the conditions D) the insuring agreement
Which of the following is an advantage of using a global area design?
A) eliminating duplication of functional areas B) gaining cost efficiencies in manufacturing C) tailoring the product mix in a region D) encouraging global product planning