Contract answersa - Study guides, Class notes & Summaries

Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged or...

Annuity Certain - ANSWERSMaria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - ANSWERSThe type of policy which pays on the death of the last person is called Malign another insurer - ANSWERSDefamation occurs when a producer makes a false statement intended to A 70 year old NOT eligible for Social Security *You are not eligible to receive Medicare Part A benefits at age 65 or older if you are el...

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

1. Contractors are responsible for: A. Appointing Government Contracting Officer Representatives B. Managing Government quality control C. Tendering to the Government for acceptance only those supplies or services that conform to contract quality requirements D. Prescribing Government quality assurance correct answersC. Tendering to the Government for acceptance only those supplies or services that conform to contract quality requirements 2. During discussions, the contracting officer: ...

All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: correct answersTo produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim. When a homeowners policy has been in effect for 60 days in New Yo...

Explain two reasons why a woman with low levels of LH would not be able to become pregnant. correct answers(1) LH acts on the ovary to cause ovulation to occur. (2) LH causes progesterone release to facilitate potential fertilization of the egg and pregnancy. Progesterone is a key hormone for the maintenance of pregnancy. Would you expect a female to have testosterone in their bloodstream? Explain why or why not. correct answers(1) Yes. Both male and female bodies produce "all" the sex horm...

CSA Standard W59 covers the welding requirements for what type of steel construction? correct answersThe welding requirements of CSA Standard W59 can be applied to carbon and low-alloy welded steel What types of structures are covered in CSA Standard W59? correct answersCSA Standard W59 covers statically- and cyclically-loaded (repetitive loading) structures. What is a low-hydrogen electrode? correct answersA low-hydrogen electrode is an electrode that deposits weld metal with a specified ...

Barney Fletcher Cram Final Exam 100% correct answersA seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - correct answer B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did n...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - ANSWERSF Stocks and bonds are two types of financial instruments (T/F) - ANSWERSTrue The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large...

MIE 305 Final Questions & Answers 100% Correct MIE 305 Final Questions & Answers 100% Correct MIE 305 Final Questions & Answers 100% Correct MIE 305 Final Questions & Answers 100% Correct contract elements - ANSWERS-Agreement: the parties agree to the exchange of legal detriment as to each other Contract - ANSWERSa promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as ...