Which of the following is the accounting principle that governs the timing of revenue recognition?

A. Realization principle

B. Materiality

C. Matching

D. Depreciation

A

Business

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Which of the following protect employers from employees taking personal advantage of their employment positions?

a. Common law duty of loyalty b. No-moonlighting clauses c. Non-disclosure clauses d. Agreements not to compete e. All of the above

Business

Which of the following statements about the coverage for medical payments to others (Coverage F) under the homeowners policy is true?

A) Medical payments may be made for any resident of the named insured's household. B) Medical expenses incurred within 3 years of an accident are covered. C) Medical payments are made only if the insured is not legally liable. D) Covered medical expenses are limited to emergency room charges.

Business