In the ISO Commercial Crime Coverage form, safe burglary is defined as the
A) unlawful taking of property to the deprivation of the insured.
B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed by that person.
C) unlawful taking of money or securities through the alteration of a negotiable instrument.
D) unlawful taking of property from within a locked safe or vault by someone who enters the safe or vault as evidenced by marks of forcible entry upon the exterior.
Answer: D
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Sales management is a multi-step interrelated process. Which step is concerned with selecting appropriate sales personnel and designing and implementing policies and procedures that will direct their efforts towards the desired objectives?
A. The organizing stage of the sales program B. The implementation stage of the sales program C. The evaluation and control of sales force performance D. The formulation of the strategic sales program E. All of the above processes are involved with selecting appropriate sales personnel and designing and implementing policies and procedures that will direct their efforts toward the desired objectives
The balance of the Retained Earnings account represents
a. profits of a company since the date of its beginning less any losses, dividends to stockholders, or transfers to contributed capital. b. an excess of revenues over expenses for the most current operating period. c. cash set aside for specific future uses. d. cash available for daily operations.