The Financial Definition of insurance:
A) is that insurance is a contract in which one party agrees to compensate another party for losses covered by the contract
B) is that insurance is a financial agreement that transfers the risk of insured losses to a risk pool by an insurer
C) differs from state to state
D) is that it is any pool for which the insurance mechanism works
B
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Altec Designs makes fashion clothing and reports the following data for the month of September
Salaries paid to seamstresses $140,000 Wages paid to fabric cutters 20,000 Indirect wages 5,000 What is the journal entry to record the total labor charges incurred during September? A) Work-in-Process Inventory 160,000 Manufacturing Overhead 5,000 Wages Payable 165,000 B) Work-in-Process Inventory 165,000 Wages Payable 165,000 C) Wages Payable 165,000 Finished Goods Inventory 145,000 Work-in-Process Inventory 20,000 D) Manufacturing Overhead 165,000 Wages Payable 165,000
Targeting the 300 million farmers in India who still use plows harnessed to oxen, John Deere engineers created a line of relatively inexpensive, no-frills tractors
The Deere team then realized that the same equipment could be marketed to hobby farmers and acreage owners in the United States, a segment that they had previously overlooked. This is an example of ________ strategy. A) product-communications extension B) product extension-communications adaptation C) product adaptation-communications extension D) dual adaptation E) product invention