Answer:
Interest earned on premiums paid to an insurer helps to LOWER the premiums charged.
Explanation:
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.
Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy. Failure to pay the premium may result in the cancellation of the policy.
The interest earned on premiums helps to offset the premiums charged by insurance companies.
Explanation:The interest earned on premiums paid to an insurer helps to offset the premiums charged.
Insurance companies receive income from insurance premiums and investment income. They invest the funds they receive, earning a rate of return. This income can be used to offset the premiums charged to policyholders. By earning investment income, insurance companies can reduce the overall cost of insurance for their customers.
For example, if an insurance company charges $100 in premiums and earns $10 in interest income, they can use the interest income to reduce the premiums charged to $90, making insurance more affordable for policyholders.
If Davey can produce candles at a lower opportunity cost than Rebecca then Davey definitely has ________ in producing candles relative to Rebecca.
Answer: Comparative advantage
Explanation:
A comparative advantage occurs in a situation when two or more competitive manufacturing companies producing similar product are found in a market, and one of the companies is able to produce the product at a lower cost than their competitors.
Davey has a comparative advantage over Rebecca in producing candles.
In an economy, comparative advantage is defined as the ability to produce a certain good at a lower cost than its relative trading partners.
The correct statement of the blank is:
If Davey can produce candles at a lower opportunity cost than Rebecca then Davey has a comparative advantage in producing candles relative to Rebecca.
Comparative advantage is the situation in which the two or more competitive partners produce a similar product at different price rates. The competitor or seller producing the service or good at a lower cost than the other partners will have a comparative advantage.
For instance, Davey has a comparative advantage over Rebecca, as he can produce candles at a lower price than Rebecca.
Therefore, the correct answer is comparative advantage.
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The natural rate of unemployment is 4%, and the economy is producing 95% of its potential output. Okun's law predicts an unemployment rate of _____%.
A. 4
B. 5
C. 6.5
D. 9
Answer:
so correct option is C. 6.5
Explanation:
given data
natural rate of unemployment = 4%
economy producing = 95%
solution
we know here as Okun's law for the every 1 percentage increase in unemployment rate
GDP of country = 2% lower than potential GDP
but here is country GDP = 5% lower than potential GDP
so there is increase in the unemployment rate = 5% ÷ 2 = 2.5%
and unemployment rate is given = 4%
so effective unemployment rate will be
effective unemployment rate = 4% + 2.5%
effective unemployment rate = 6.5%
so correct option is C. 6.5
the late 1400s, China was the world leader in the production and export of goods such as silk, porcelain, tea, fruit, drugs, cotton, weapons, etc., which Europeans desired; however, Europe produced few products of interest to the Chinese. Why did this encourage the European exploration of the Americas? a. The Europeans hoped the Indians would extend them new lines of credit. b. There was a currency surplus in Europe, with vast reserves held by the ruling elite. c. It created a trade deficit, with Chinese imports vastly exceeding European exports, that caused European nations to seek sources of precious metals. d. It fostered a labor shortage, leading to a strong demand for slave labor.
Answer:
C. It created a trade deficit, with Chinese imports vastly exceeding European exports, that caused European nations to seek sources of precious metals.
Explanation:
Importing Chinese goods resulted in trade deficit as Europeans had no way of sustaining the trade until the hopes of precious metals in Americas encouraged exploration of the continent.
Southwest Airlines and Carnival Cruises collaborated to market "fly and cruise" specials from major cities to Carnival's ports in New Orleans, Galveston and Miami. The collaboration enabled both firms to share the cost of the campaign. This strategy is known as:a. cross-promotionb. cooperative advertisingc. comparative advertisingd. interactive advertising
Answer: Cross-promotion
Explanation:
Southwest airlines and Carnival cruises are engaged in a Cross-promotion, where the both companies services are used to promote to other.
Cross-promotion simply is a business concept, whereby a product/service is used to promote another product/service. An example is a soft drink production company promoting the consumption of their soft-drink products with snacks produced by a particular popular fast-food restaurant.
Consumer sovereignty is more likely to be observed in what type of economic system?
Answer: Mixed economy
Explanation:
The consumer sovereignty is simply defined as the ability of consumers to control the type of goods and services available in the market by their demand behavior.
The mixed economy is a form of economic system where there is balance between the activities of the private companies and the government.
In the mixed economy the demand of consumers is the major determinant of products in the market, which indicates consumer sovereignty.
Of the securities listed below, which would be exempt from the registration requirements of the Uniform Securities Act?I. Securities issued by a railroad common carrier companyII. Securities issued by a federal credit union established for teachersIII. Securities issued by a trust companyIV. Securities issued by a corporationA. I onlyB. I and III onlyC. I, II, and III onlyD. I, II, III, and IV
Securities issued by a railroad common carrier company, a federal credit union for teachers, and a trust company are typically exempt from registration under the Uniform Securities Act, while those issued by a generic corporation are not.
Among the securities listed that would be exempt from the registration requirements of the Uniform Securities Act are securities issued by a railroad common carrier company, securities issued by a federal credit union established for teachers, and securities issued by a trust company. According to the act, such entities are typically granted exemptions due to their regulated nature or government affiliations, which render registration unnecessary for investor protection or public interest purposes. However, securities issued by a corporation are generally required to undergo registration unless they meet specific criteria for exemption under regulations like SEC Regulation D or may fall under private placement exemptions.
Which form of advertisement works well for an agent that deals with specialized properties?
Answer: newsletters
Explanation: A newsletter is a written or digital publication that includes information about a company or institution's operations that were sent to their stakeholders, clients, workers or other subscribing parties. Newsletters usually contain each of their users ' key topics of interest.
A newsletter might be regarded as gray literary works. E-newsletters are distributed digitally through e-mail or, if e-mail advertising has been sent unprompted, can be perceived as spam.
Thus, the agent selling specialized property can use this medium as the information will be sent only to interested parties.
Lee's department store uses the every day low prices strategy. This strategy hinges upon the store's ability to obtain consumer goods at the cheapest possible price and passes these savings on to consumers. Lee's store also developed its own distribution network for supplying its retail outlets with consumer goods. This distribution network allowed them to cut out external suppliers and middlemen thereby driving down business costs further. This implies that the competitive strategy used by this store would most likely focus on ________.A) supply chain efficiencyB) supply chain visibilityC) supply chain effectivenessD) operational CRME) analytical CRM
Answer: (A) Supply chain efficiency
Explanation:
The supply chain efficiency is one of the competitive strategy in an organization where the various types of technology, activities are the resources are used for selling the products and the services from the supplier to the customers.
According to the given situation, this competitive strategy has the ability for obtaining the customer products and the services and this strategy is using the supply chain efficiency process.
Therefore, Option (A) is correct.
People with _______ incomes tend to spend all of their funds and are, therefore, subject to the "regressive" nature of a sales tax..
Answer:
low
Explanation:
Because sales tax is consistently applied to purchases irrespective of income level of consumer, it turns out that low income earners are more affected by the tax and hence spend a high percentage or all of their income paying the tax which has become regressive.
Cheers
If income increases from $20,000 to $30,000 and $9,000 of the new income is spent on consumption, then the MPC is ___________..
Answer:
0.90
Explanation:
The propensity to consume refers to how the level of consumption changes with an increase in income. As with other concepts of this nature, it is necessary to analyse the propensity to consume in terms of Marginal Propensity to Consume(MPC).
MPC=change in consumption/change in income
In this question
change in consumption=$9,000
change in income=$30,000-$20,000=$10,000
MPC=$9,000/$10,000=0.90
A restaurant purchased kitchen equipment on Jan 1, 2016 for $40,000. It is estimated that the equipment will have a $4,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31
Answer:
$3,600
Explanation:
Asset was purchased on 1 January
Cost of Kitchen Equipment = $40,000
Salvage value = $4,000
Useful years = 10 years
Annual depreciation = ($40,000 - $4,000)/10
= $36,000/10
= $3,600
Depreciation to be recognized by December 31 is $3,600
When firms successfully implement poor strategies (perhaps due to good luck) or do a poor job of implementing good strategies, it can be difficult to:
Answer:
evaluate performance and make adjustments.
Explanation:
On March 1, 2018, Mandy Services issued a 5% long term notes payable for $18,000. It is payable over a 3 year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $6,000 and interest payment for the preceding one year period. What is the amount of total cash payment that Mandy will make on March 1, 2019?A. 6450B. 18000C. 6000D. 6900
Answer:
D) $6,900
Explanation:
The first annual payment includes a $6,000 principal repayment + $900 interest (= $18,000 x 5%). Therefore the total amount of the cash payment will be $6,000 + $900 = $6,900.
The journal entry would be as follows:
March 1, 2019, first annual payment
Dr Interest Expense account 900Dr Notes Payable Account 6,000Cr Cash account 6,900Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates. Overall, they found that managers who strongly subscribed to Theory X beliefs
A. were unlikely to have a pessimistic view of others.
B. were unlikely to rely on coercive, external control methods to motivate workers.
C. were highly likely to believe that workers were naturally motivated to work.
D. were highly likely to be in their lower-achieving group.
Answer:
D) were highly likely to be in their lower-achieving group.
Explanation:
Theory X refers to a motivation theory developed by Douglas McGregor. Theory X can be described as a pessimistic view of humanity and human workers. Managers who support theory X tend to dislike their own work and believe everyone else dislikes their work, are not ambitious and believe everyone else is not ambitious either, and finally don't like to assume responsibility over their actions and believe everyone else is like them.
So it shouldn't be a surprise that managers who support theory X are underachievers.
Hall and Donnell's studies found that managers who intensely align with Theory X tenets are highly likely to belong to the lower-achieving group. Theory X implies that employees are innately lazy and require continuous oversight.
Explanation:The studies conducted by Hall and Donnell into the attitudes of managers discovered that those who primarily identified with Theory X values were more likely to be members of the lower-achieving group. This is likely because Theory X presupposes that employees are inherently reluctant to work and need to be strictly supervised, which can result in negative managerial attitudes. An answer to your question is option D.
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Online retailers face tough _________ problems when selling online because of the need to design systems to accept and process a huge volume of small orders, to physically pick items from warehouse shelves and put them into boxes, to be sure that the correct labels are applied, and to accept returns.
Answer:
order fulfilment and logistics
Explanation:
Based on the information provided within the question it can be said that the problem that these online retailers are facing are order fulfilment and logistics. This is because (as described in the question) processing huge volumes of small orders takes up too much time in the logistics side of the business such as finding the product in the warehouses and making sure the correct labels are applied, and this causes many orders to not be fulfilled because of it.
If a manager has a __________, the manager’s primary desire is to establish and maintain warm relationships and to be liked. The need for power is a desire to influence others, and the need for achievement is a desire to be very good at one's job.
1. need for affiliation2. need for achievement3. need for self-actualization4. need for power
The correct question should be:
If a manager has a __________, the manager’s primary desire is to establish and maintain warm relationships and to be liked.
The answer is: need for affiliation
Explanation:
An individual with a high need for affiliation, always seek to be liked by others and also to belong to a social group.
Need for affiliation is used to describe individual who always seek the approval of others, and always love to belong to a social group.
If planned investment plus unplanned investment (unplanned inventory changes) are __________ savings, then economic activity will increase.
Answer:
the correct answer is greater than
Explanation:
If planned investment plus unplanned investment (unplanned inventory changes) are greater than savings, then economic activity will increase.
What has to occur for a special revenue fund to satisfy the eligibility requirement of a reimbursement-type federal grant, under GASB Statement 33?
A) Only after work is completely finished for the project.
B) When a plan for use of the funds has been developed and approved.
C) Only as qualified expenditures are incurred.
D) When the grant is first approved by the granting agency.
Answer:
The correct answer is C
Explanation:
GASB 33, defines the shared derived tax revenues, which should follow the rules for government or voluntary mandated transactions that are non- exchange transactions. This states that the local governments should acknowledge the revenues when all the applicable requirements of eligibilty have been met.
In order to occur the special revenue fund in order to satisfy the requirement under GASB 33, is that only the qualified expenditures are to be incurred.
Which type of life policy would best suit someone who retires in good health with a large amount of cash, whose investment goals are conservative?
Answer:
Single premium whole life insurance
Explanation:
Single premium whole life insurance is the most suitable sort of life plan that accommodates someone who retires in good fitness with a huge amount of money, whose financing purposes remain conventional. Single-Premium Whole Life (SPL) is a sort of life assurance in which a big amount of money is spent toward the protection plan in replacement for a death advantage that is completely promised to remain paid-up continuously till thou die.
More companies are posting job advertisements on industry specific sites, because the applicants are usually more qualified.(A) True(B) False
Answer:
True
Explanation:
Industry specific sites usually consumed/visited by people who has keen interest and caliber in the industry. When posting the jobs on these type of sites, the probability of the company selecting candidates with higher skill set in the related industry tend to get higher as compared to posting it in normal job posting sites. Well you always seek for a person who has better aptitude and better understanding of things. A person belonging from industry will surely be having all these good qualities.
Answer:true
Explanation:
I got it right
The transactions demand for money varies __________ with nominal GDP, i.e. more money is held for transactions when GDP is higher..
Answer:
varies directly
Explanation:
The transactions demand for money varies varies directly with nominal GDP.
i.e. more money is held for transactions when GDP is higher.
The empirical method of study is based on ________. a. guesswork b. practice c. observation d. statistics
Answer:
Observation
Explanation:
Empirical studies is observational evidence-based analysis. It refers to a way of obtaining insight through directly and indirectly evaluation or practice. Empiricism views more than most types of work. It is possible to mathematically or subjectively evaluate empirical proof.
Research design in such studies varies depending on the area and the problem being examined. Several scientists combine theoretical and practical types of study to adequately respond to comments that can not be examined in laboratory conditions, especially in humanities and learning.
Thus, from the above we can conclude that the correct option is C.
The empirical method refers to a type of study based primarily on observation. Researchers in various fields use this method to gather and interpret data to draw conclusions.
Explanation:The empirical method of study is based primarily on observation. In essence, the empirical method involves using data collected through observation or experimentation to learn about the world. This type of study is often employed in the social and natural sciences, where researchers observe, record, and interpret data to draw conclusions. For example, a psychologist might use the empirical method to understand the impact of specific behaviors on mental health, by observing and compiling data from multiple patients' experiences with these behaviors.
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Although income is earned continuously, companies measure income for a specific period of time. Accountants refer to this practice as:________a) unit of measure assumption.b) time period assumption.c) matching principle.d) continuity assumption.
Answer: Time period assumption.
Explanation:
The time period assumption is an accounting standard that enables businesses to record their financial activities for a given time frame ( it could be a measure of either yearly, half yearly, monthly, weekly or daily financial activities).
In order for a broker to write an offer for a buyer on a HUD-acquired property, the broker must use a:
Answer:
HUD sales contract
Explanation:
An HUD sales contract is a form that is filled by a broker concerning the sale of a property or properties. Filling an HUD sales contract is a very important knowledge that a sales agent must possess as it could either impress or discourage a buyer from purchasing a property. An HUD sales contract is also called HUD-9548.
I hope this helps.
Marketing practices targeted at elderly individuals for goods, such as supplemental health insurance, and funerals, are subject to criticism because:
Answer:
The population is vulnerable.
Explanation:
the reason is that elderly people are majority suffering from health issues and targeting them for marketing may cause them being attacked emotionally. so these marketing practices are subject to criticism.
Criticism of marketing practices to the elderly, particularly for health insurance and funerals, revolves around generational equity concerns and the high allocation of public funds that may impede younger generations' future retirement security.
Marketing practices targeted at elderly individuals for goods, such as supplemental health insurance, and funerals, are often criticized due to concerns about generational equity and the financial imposition on younger generations. Critics argue that substantial public funds are allocated to support programs for the elderly, potentially at the cost of future generations' retirement security. This critique began during the 1980s and extends to debate about the role of government in ensuring against market failures in private insurance markets, the capacity of individuals to make sound financial decisions for their old age, and the high costs associated with healthcare for older Americans, who despite Medicare, still face significant medical expenses.
Sally works for a mortgage company. She is aware that they are foreclosing on a piece of property that is located next door to her parents. Sally was asked by her supervisor to place a sign on the property that it would be auctioned on a specific day. Sally knows that once the sign is put up on the property, several of the neighbors and other investors will be interested in it and will probably show up to bid on the property. If she "forgets" to put the sign up on the property, then it would reduce the number of people that show up to bid at the auction. In this situation, Sally is facing a decision that involves:___________.
Sally's situation involves a business ethics dilemma. While withholding auction information could benefit personal interests, it would go against her professional responsibility to her employer.
Explanation:In this scenario, Sally is facing a situation that involves business ethics. Business ethics is the study of appropriate business policies and practices with respect to potentially controversial issues. This can include areas such as corporate governance, insider trading, bribery, discrimination, and corporate social responsibility. In this case, Sally's ethical dilemma lies in the fact that withholding information about the auction for the foreclosed property might benefit her family's interests but would be against her professional responsibility.
It's her responsibility to act in the best interest of her employer by completing the task she was given, which is in this case, putting up the sign. Failing to do so could result in a lack of fairness in the bidding process and a lower than potential price for her employer. So even though she might benefit personally if fewer bidders turn up, it would not be ethically correct for her to 'forget' to put up the sign.
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Which of the five broad definitions of public opinion involves "rhetorical construction"?
Answer: Fiction
Explanation: According to some theorists, public opinion is a rhetorical construction. This means that it is a phantom, having no real link to "the public" as citizens. These theorists go on to claim that politicians and journalists tend to state that public opinion regarding a certain issue is concluded without any available evidence, or public's influence. However this is only one form of the definition of public opinion.
Other types of definitions include:
Public opinion is an aggregation: Journalists and politicians claim public opinion is the total of a lot of individual opinions.
Public opinion reflects the majority's beliefs: Theorists claim that public opinion is the equivalent of the values and beliefs of the majority.
Public opinion is discovered in groups clashing: Some theorists believe public opinion lies in power dynamics within a group, and how it coexists, or fails to do so, with other groups.
Public opinion reflects media: Theorists believe that public opinion is best gathered from what politicians, journalists and other influential elites believe.
A team of surgeons is working in the neuroscience unit of ColdMont Medical Hospital. The team has informally agreed to explain to the medical students interning at the hospital the specific procedures that are involved in a brain surgery. However, there are no formal guidelines mandating that students should be given an explanation. The team's agreed-on standards can be best categorized as _____
A) job descriptionsB) hierarchiesC) stretch goalsD) norms
Answer:
d)
Explanation:
Norms.
Which styles of handling conflict is most appropriate whenever there is enough time, trust can be established, the issue is important to both sides and buy-in is needed?
Answer: the answer is confrontation
Explanation:
Confrontation is a style of conflict resolution whereby all the conflicting groups brings all the issues in the open in an attempt to resolve the conflict.
Its is most effective when the groups need to cooperate to get the jib done effectively and there is a maximum level of trust among the group.
What are the restrict import measures of one's country? According to the actual situation you should discuss how does country take this measures to to restrict import.
Answer:
Import restrictions are steps or measures employed by the government of a country to reduce the volume of import in a country.
A country can take different measures to restrict import popularly known as import control measures. The following are the most popular import restriction measures.
IMPORT RESTRICTION
1. Import duties
2. Import quota
3. Currency restriction
4. Import License
5. imports surveillance
Explanation:
1. Import duties
These are taxes levied on goods imported to make them less attractive. Import duties are also called custom duties. Import duties increases the prices of imported goods.
2. Import quota
Import quota is another import restriction measure employed by a country to reduce the quantity of imported products, either of a particular goods or from a particular trade partner. This measure ensures a certain import target is not exceeded.
3. Currency restriction
Since foreign currency is used for the payment for imports, a government who is embarking on trade restriction can restrict the supply of foreign currency to make payment for import a bit difficult, thereby reducing the quantity of import.
4. Import License
Another import restriction measure is for a country to embark on a policy that will require special license or a green light to allow the importation of certain commodity. This will go a long way to restrict import
5. imports surveillance
This is a measure that tracks import levels to control the desired level of import in a country.