In ratio analysis, comparisons can be made to _______________________, __________________, or _________________________.
Fill in the blank(s) with the appropriate word(s).
intracompany basis, industry averages, intercompany basis
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The local franchise of a national bar and grill chain continued to serve a drunk customer. The drunk customer tried to drive home
He hit and killed two people who were riding bicycles. The representatives of those who were killed filed a lawsuit against the national chain. As jury awards in the area where the incident occurred are high, insurers selling liquor liability insurance refused to issue new coverage until the case was resolved. Because no admitted insurers sell the coverage, liquor liability insurance in this case is considered a(n) A) residual line. B) mandatory coverage. C) orphan policy. D) surplus line.
An offset agreement differs from a counterpurchase agreement in that an offset agreement ________
A) fails to specify the type of product that must be purchased B) fails to specify the amount that will be spent on the purchase C) fails to give a business greater freedom in fulfilling its end of a countertrade deal D) fails to make a hard-currency purchase of any product from that nation in the future