An insurer may NOT contest an individual life insurance policy after it has been in force for how long?
A) The insurer can contest the policy for the life of the policyholder
B) 30 days
C) 2 years
D) 1 year"
Ans: C) 2 years
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Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?
a. $48,000 b. $52,500 c. $49,500 d. $43,500
A 2007 Nielsen study concluded that
A) recommendations by celebrity spokespersons on television are the most trusted form of promotion. B) consumers do not rely on recommendations in making purchase decisions. C) online shoppers tend to lie when writing product reviews. D) recommendations from consumers are the most trusted form of promotion. E) mass advertising is still the most effective way to generate word-of-mouth.