David and Kathy have asked you about A.M. Best Reports services. They specifically want to know if there are any criticisms of Best's and other rating agencies. You would be correct if you told them:
A) all the agencies tend to agree on the ratings for a given company, so it's difficult to compare them
B) ratings are merely estimates, and are no guarantee that the future of the insurer will remain the same
C) it only takes one letter grade to sum up the condition of a company
D) the ratings firms have almost never made mistakes in their assessments of companies, so they're due to make one any time now
B
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The conceptual framework indicates that the primary users of financial information are the investors, lenders, and other creditors
Indicate whether the statement is true or false.
Daisy files a suit against Elton to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if A) Daisy foreseeably and justifiably relied on Elton's promise to her detriment
B) Elton denies the existence of any contract. C) neither party has begun to perform. D) the deal does not involve customized goods.