In Which Case Is There No Insurable Interest

question 54

Multiple Choice

In which case is there no insurable interest?

• A) Barbie's 25% ownership in an oil well
• B) A dry cleaner in its customers' clothes
• C) A bank (creditor) in property used to secure a loan
• D) A school principal in the lives of the students attending his school

Identify the characteristics of fixed and variable costs, and direct and indirect costs.

Understand the flexibility and adaptability required in managerial accounting practices.

Recognize the importance of national and international awards in promoting quality in business.

Understand the concept of emotional control and recognize strategies for achieving it.

---

Definitions:

Employers

Organizations or individuals who hire and pay employees for their service or labor.

Employees' Needs

The requirements or conditions necessary for employee satisfaction and efficiency in the workplace, such as recognition, compensation, and work-life balance.

Socialization Process

The method through which new employees acquire the necessary knowledge, skills, and behaviors to become effective members of an organization.

Corporate Culture

The shared values, beliefs, behaviors, and norms within a company that influence how work gets done and how employees interact.