A buyer's settlement statement includes:

Many financial managers believe the payback period is of limited usefulness because it ignores the

time value of money; hence, it is referred to as the discounted payback period. Indicate whether the statement is true or false

What is it about liability coverage that makes it so important?

A) There is no way to know in advance what your potential liability loss will be. B) Huge sums of money are handed out in settlements over lawsuits over auto accidents. C) This coverage will pay all legal costs should you be involved in a civil case arising from an accident. D) All of the above are correct.