Which of the following is an example of a purchase money security interest in consumer goods?
A) A doctor purchasing a computer on credit to create a Webpage to make services and information available to her patients
B) A doctor purchasing on credit a blood glucose monitor to check his own blood sugar levels
C) A doctor purchasing a TV/VCR unit on credit to place in her office waiting room
D) A doctor purchasing an exercise bike for his employees to use over the lunch hour
B
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Jim is the daytime supervisor for an automobile assembly line. He supervises 45 workers who perform routine jobs that require minimal training. Which of the following statements would indicate that Jim is following the transactional model of leadership?
a. Jim sets goals, monitors progress toward goal achievement, and rewards and punishes people for their level of goal accomplishment. b. Jim's leadership skills are most effective when applied to match the characteristics of the situation at hand. c. Jim has a certain idea about how he should behave as a leader and what he should do for his team of workers. d. Jim wants to develop a partnership with his team illustrated by reciprocal influence, mutual trust, respect and liking, and a sense of common fates. e. Jim likes to provide the guidance and support needed by employees and ties meaningful rewards to completion of objectives.
When must an insurable interest legally exist in property insurance for an insured to receive payment for a loss from the insurer?
A) only at the time of the loss B) only at the inception of the policy C) only at the time the loss settlement takes place D) both at the time of the loss and at the inception of the policy