Untrue statements or unfulfilled promises by the insured permit the insurer to declare the policy void

A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to:

a. beginning retained earnings of the earliest period presented. b. net income of the period in which the change occurred. c. comprehensive income for the earliest period presented. d. stockholders' equity of the period in which the change occurred.

When faced with a network design decision, the goal of a manager is to design a network that

A) maximizes the firm's profits. B) minimizes the firm's costs. C) satisfies customer needs in terms of demand and responsiveness. D) maximizes the firm's profits while satisfying customer needs in terms of demand and responsiveness.