Answer:
The correct answer is option b.
Explanation:
A subsidiary bank can be defined as a type of bank that is incorporated in the country it operates but is owned majorly by a foreign bank in a different country.
Subsidiary banks do not follow the regulations applicable in the home country of the parent bank. These banks operate under the regulations of the host country it operates in.
The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.
Option B is the correct answer.
<h3>Who is a policyholder?</h3>
The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.
The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.
Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.
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Answer:
Explanation:
We need to purchase to fullfil the inventory for this amount of units.
<u>Now we have to calculate each component:</u>
Next, we multply the purchase requirement per amount per tpye of unit. Once we got total quantity me multiply by the cost.
Cost advantages that accrue for firms with larger output because they can spread fixed costs over more units and can employ technology more efficiently are called:
<h3>What are Economies of scale?</h3>
Economies of scale is a term that is used to describe the cost advantages that a company gets because they have increased the level of production. There are different types of economies of scale.
Some of these are the financial, technical, and purchasing economies of scale. So, when the purchasing strength of the organization increases, then there is an economy of scale.
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