Which of the following statements is CORRECT about perils in property insurance policies?OA.A property insurance policy must contain a list of all covered perils.OB.An HO-00-02 (HO-2) Form provides coverage for more perils than a HO-00-03 (HO-3) Form.A peril is defined as the cause of a loss.O. C.O D.A peril increases the chance of loss.10Recording

Insurance is the aspect of the contract or agreement that is a policy being signed between parties…

Answered: Which of the following statements is…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Statement 1: A warranty is a written guarantee issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary, within a specified period of time. Statement 2: Estimated warranty liabilities can be accounted for under accrual and expense as incurred approach. Both statements are correct. Only the second statement is correct. Neither of the statement is correct. Only the first statement is correct.
A fatal accident occurred at a construction site involving a construction worker who fell from a height. As a qualified Safety and Health Officer, you have been instructed to conduct an accident investigation to determine the cause of the incident. (a)Discuss how you would conduct an effective accident investigation using suitable investigation techniques and supporting them with diagrams or flow charts to provide an overview of an accident investigation. Provide a sample scenario. ( 12 ) (b)Explain FOUR (4) principles of accident prevention. ( 8 ) ( Total / Jumlah: 20 )
Ms.Abeer is offered an expensive gift by one of her client, she is not sure about the ethical consequences of accepting an expensive gift from her client. In your opinion which of the following step she has to perform in order to solve the problem? O a. Reject the offer without checking the company policies O b. Review relevant ethical guidelines of the company O c. Accept the offer without checking the company policies O d. Accept the offer and give it to the company
Pls help ASAP
Which of the following is most likely a purpose of a cooperative? * To lease or operate a profit-taking enterprise using the capital provided by the members. None of the choices. To insure against losses of the members. To develop expertise and skills of identified beneficiaries of the cooperative. To acquire the lands of the members and convert it as housing subdivisions.
Pls help ASAP on both
Pls help ASAP for both
54. who owns a life policy wants to increase the amount coverage due to life birth of the insurers and child Waiver of premium Accidental death benefit Payor benefit Guaranteed insurability T FOCUS [ LISTEN
{Auditing} 4. Audit risk may be considered as the product of Inherent risk, control risk and detection risk. What is the implication of increase in control risk on the audit risk? a. Audit risk reduces b. Audit risk remains unaffected c. Unable to decide d. Audit risk increases
1
Need urgent answer please. Q2. What is the role of an internal auditor? This is full question and not an eassy question at all. Answer must be plagirism free and in reasonable length. Length should not be too short or too long. Give reasonable answer please.
Evidence is not needed for reporting the wrongdoing externally. True False

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