Paula, a 42 year-old surgeon, purchased disability income insurance. the policy defined disability as "the inability to perform the duties of your own occupation" for the first two years. after two years, disability is defined as "inability to perform the duties of any occupation for which you are reasonably suited by education, experience, and training." the policy would replace three-fourths of lost income after a six-month elimination period, with benefits payable until age 65. recently, paula was severely injured in an automobile accident in which her hands were crushed and had to be amputated. which of the following statements is true regarding the benefits that paula will receive under her disability income policy?
a. the policy will replace one hundred percent of paula’s lost income.
b. paula will receive disability benefits for life, no matter how long she lives.
c. benefits under the policy will begin immediately.
d. paula will receive disability benefits for at least two years.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.