The ability to access information with great speed reflects the impact of
A) the information revolution.
B) technological advances and breakthroughs.
C) globalization.
D) All of the answer choices are correct.
E) None of the answer choices is correct.
A
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Which of the following statements describes how losses will be settled if a property insurance policy is written on a replacement cost basis?
A) Losses are settled without the applicable deductible. B) Losses are settled without a deduction for depreciation. C) The insurer must replace the damaged or destroyed property in lieu of a cash settlement. D) The policy is converted to a valued policy.
The shareholder receiving a stock dividend receives ________
A) a share of common stock of equal value to their existing shares of common stock B) cash C) additional shares of common stock and cash D) nothing of value