Which of the following statements is true of the free-rider problem?
a) higher the cost of organizing, the more serious the free-rider problem
b) bundling together nonmarket action and services for interest group members increases the free-rider problem
c) free-rider problem does not affect the funds available for nonmarket action
d) higher the costs of collective action, the less prevalent the free-rider problem
A
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Which of the following statements about life insurance policy loans is true?
A) Loans are only permitted for specific reasons listed in the policy. B) They are forgiven if the insured dies before the loans are repaid. C) The policyholder must pay interest on a life insurance policy loan. D) They must be repaid on the basis of a schedule determined at the time of the loan.
Estimating uncollectible accounts by analyzing receivables from specific customers according to how long each has been outstanding is known as the:
A) direct write-off method. B) percent-of-sales method. C) allowance method. D) aging-of-receivables method.