Introduction To Business True False Questions?

[culley96]

1. Bonds are always bought and sold at their face value.
2. By buying stock, stockholders are lending money to corporations.
3. A mortgage is a legal document which gives the lender a claim against property until the loan and intrest are paid off.
4. The assessed value of a house is usually lower than its market value.
5. It is against the law to base insurance premiums on the age of the insured.
6. You should not carry collision coverage on a car which has little value.
7. Insurance coverage costs less if it is bought under a group plan rather than under an individual plan.
8. If you are at fault in a collision with an uninsured motorist, uninsured motorist coverage will not cover any of your medical expenses.
9. Basic homeowners insurance is the form of homeowners policy which covers the greatest number of risks.
10. The least expensive type of insurance is term life insurance.
11. You cannot insure the life of anyone but yourself.
12. Insurance companies do not always pay the current replacement value of property destroyed by fire.