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Softa [21]
3 years ago
15

International Toys (IT) manufactures toys in South Carolina and sells them to stores around the world. A customer in Europe is i

njured when one of the toys malfunctions and severs the customer's hand. The customer files suit in the United States. If IT is found liable, does its Commercial General Liability (CGL) Coverage Form cover the customer's claim?
Business
1 answer:
8090 [49]3 years ago
5 0

Answer:

Yes

Explanation:

Commercial General Liability (CGL) Policy is a standard insurance policy issued to business organizations <u>to protect them against liability claims for bodily injury (BI)</u> and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.

The policy was introduced in 1986 and replaced the "comprehensive" general liability policy.

Embedded in its definition i that it covers primarily liability claims for bodily injury.

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The financial statement called the Statement of Financial Position is also known as the Balance Sheet.

The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.

4 0
3 years ago
To influence performance and satisfaction of subordinates, it is not recommended that the leader reduce frustrating barriers to
Stells [14]

Answer:

False

Explanation:

The reason is that the leader must always be guider in times of difficulty for the subordinates otherwise it would be more time consuming and would increase the cost to the company. The leaders are always adviced to help and train their team members to increase their productivity because experience and understanding of problem solution brings productivity.

3 0
3 years ago
A nonsufficient-funds check was returned to your company. How does the bank treat this on your bank statement?
Anit [1.1K]

Answer:

B. IT'S SHOWN AS A DEBIT MEMO

Explanation:

A bank creates a debit memo when it charges a company a fee on its bank statement, thereby reducing the balance in the company's checking account. Thus, if a bank account has a balance of $1,000 and the bank charges a service fee of $50 with a debit memo, the account then has a remaining balance of $950. Examples of charges that can cause debit memorandums are bank service charges, bounced (not sufficient funds) check fees, charges for the printing of check stock, and rental fees for the use of remote deposit capture scanners and software

8 0
4 years ago
The BRAC anti-poverty program in Bangladesh gave poor families training on how to raise livestock, a savings account, and help w
max2010maxim [7]

Answer:

A. Education, savings, and human capital, respectively.

8 0
3 years ago
What is 55 billion expressed in scientific notation?
iogann1982 [59]
55 x 10^9 hope this helped :D
7 0
3 years ago
Read 2 more answers
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