________ is the type of insurance most closely associated with torts.

A) Liability insurance
B) Business interruption insurance
C) Disability insurance
D) Property insurance
E) Umbrella insurance

Which statement is FALSE?

A) When the marginal product of labor is upward sloping,the marginal cost curve is upward sloping.
B) The average fixed cost curve is downward sloping and approaches the horizontal axis as output increases.
C) The marginal cost curve intersects the average variable cost curve at the minimum of average variable cost.
D) When the marginal cost curve is above the average cost curve,the average cost curve is upward sloping.

Assuming well-defined indifference curves, when marginal utility is zero, total utility is at a maximum.

Wilson's Cabinets has bonds outstanding that mature in eight years, have a 6 % coupon and pay interest annually. These bonds have a face value of $1,000 and a current market price of $1,020. What is the company's pre-tax cost of debt?

A) 5.68 %
B) 6.19 %
C) 6.34 %
D) 6.82 %
E) 7.57 %

What are the foci of total quality management training?

A) quality improvements, teamwork, continuous improvement, and customers focus
B) management skills, teamwork, quality improvements, and communication
C) customer focus, communication, ethics, and quantity improvements
D) technical skills, quality improvements, management skills, and productivity

The entry to record the granting of credit to a customer for a sales return is posted to

A) the accounts receivable subsidiary ledger only.
B) the general ledger only.
C) both the accounts receivable subsidiary ledger and the general ledger.
D) both the accounts payable subsidiary ledger and the general ledger.