Kaycee obtains fire insurance on an empty warehouse.Later,Kaycee manufactures and stores fireworks in the building.A lightning strike in a thunderstorm explodes the fireworks and destroys the building.The fire insurance policy is:

A) valid,since the building was empty when the policy was obtained.
B) void,since a material change in risk occurred.
C) voidable if the lightning was not foreseeable.
D) valid,since there are negligible liabilities which applies to storing fireworks.

Sales to customers who use bank credit cards, such as MasterCard and VISA, are generally treated as credit sales.

Credit risk analysis uses financial ratios that focus on an assessment of liquidity and solvency.

Which of the following is an advantage when using mobile devices for business communication?

A) Portability and flexibility
B) Screen size
C) Resolution
D) Bandwidth, speed and connectivity
E) Operational costs

Mei owns a Chinese food restaurant. Her cook, named Humin, speaks only Chinese and no English. The clientele is a mixture of Chinese-speaking and English-speaking people. Mary, who only speaks English applies for a job as a server. Mei does not hire her even though she has a lot of experience. Mei will only hire someone who can speak Chinese as well. Can she do this?

A) Yes, the ability to speak Chinese is a bona fide occupational requirement; therefore, there is no discrimination under the human rights legislation.
B) Yes, human rights legislation does not apply to the employment of servers.
C) No, human rights legislation prohibits discrimination in the hiring of employees.
D) No, human rights legislation does not apply to the employment of servers.
E) No, the ability to serve food is the only bona fide occupational requirement, therefore there is discrimination under the human rights legislation.

Which statement is true about the rate of inflation?

A) It was higher at the beginning of the 1980s than at the end of the 1980s.
B) It was lower at the beginning of the 1980s than at the end of the 1980s.
C) It was about the same at the beginning of the 1980s as at the end of the 1980s.