The factor that increase the risk of being underinsured includes:
- non-reviewing of sum insured
- inflation etc
<h3>What is an underinsurance?</h3>
An underinsurance refers to a circumstance of insurance coverage whiuch leaves the policyholder responsible for a large percentage of a total loss.
An underinsurance happens when the sum insured is less than the market value of the property.
In conclusion, the insured is left to borne to loss if any occur.
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<em>brainly.com/question/1083855</em>
I did some research and found out it is the law of increasing costs
:)
Answer:
Business would fire some employees as labor becomes too expensive and the quantity of real GDP supplied would decrease.
Explanation:
According to the sticky wage , when the stickiness enters a market, there is a change in which will be favored over a change in the other direction.
The is the measure of overall level of the prices in an economy.
When the increases, it results in inflation. In an economy, when the aggregate price level increases, and the wage rate remains the same due to the downward wage stickiness, it results in an economy which would fire some of the employees as the labor becomes very expensive and the quantity of the real GDP supplied would also decrease.
Answer:
The second step in the strategic-management process is an <u>assessment of the current reality.</u>
Explanation:
In order for management to carry out an assessment, they must have an objective view of what the organization is really doing.
Management can use the following tools to perform a correct assessment:
- SWOT analysis
- forecasting
- benchmarking
- Porter's industry analysis model
Answer:
The amount of money we will have after the investment will be $ 4,800.
Explanation:
Simple interest is the system of calculation in which the interests generated by a capital are not capitalized, that is, when the interests are withdrawn separately and they do not accumulate in the capital that produced them. In other words, in the simple interest calculation the interest is not productive and it must always resort to the initial capital contributed.
Therefore, if the initial capital is $ 3,000 and the interest rate is 6% with a duration of 10 years, we must calculate this percentage and multiply it by 10 to obtain the sum of money that we will have at the end of the investment:
3,000 x 6/100 = 180
180 x 10 = 1,800
3,000 + 1,800 = 4,800
As we can see, the amount of money we will have after the investment will be $ 4,800.