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VladimirAG [237]
2 years ago
12

Which statement best describes how insurance works?

Business
1 answer:
Brilliant_brown [7]2 years ago
7 0

Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

<h3>What is insurance?</h3>

Insurance involves securing an item against accident or any damages.

An individual can insure properties such as Land, building or Life by paying certain amount of money which serves a premium.

Therefore, insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

Learn more on insurance below,

brainly.com/question/25855858

#SPJ1

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Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.
BARSIC [14]

Answer: 0 units

Explanation:

Future Planned Production Orders = Expected goods requirement - Finished goods in inventory - Schedule production

= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

5 0
3 years ago
Which two disadvantages are associated with collaborative business message writing?
sattari [20]

Answer:

It may lead to groupthink.

It may affect the message's clarity.

Explanation:

Collaborative business message writing has to do with when a group of people creates a project or business message together rather than doing it individually.

Groupthink describes when a group sets asides their personal belief to get a consensus within a group and this can lead to bad decisions as members of the group can sidestep problems in order to fit into a group's decisions.

The clarity of the message can be affected because the different members of the group all have different ideas and would try to sacrifice some of their ideas for the group.

3 0
3 years ago
Recently, you accepted an internship position with the Tulawaka Zoo in Tennessee. You report to Sharon Molacavage, the Senior An
Furkat [3]

Answer:

The correct answer is letter "B": A moderately favorable situation in which Sharon’s relationships with her employees are strained, but where the employees are still doing highly structured tasks.

Explanation:

Austrian organizational psychologist Fred Fiedler (<em>1922-2017</em>) proposed in his Theory of Contingency that leaders only have one leadership style and that they cannot shape it according to the different situations they might be involved in. Instead, leaders must be located in a situation that matches their style.

Since Sharon's leadership style is <em>autocratic</em>, she is likely to manage herself better in adverse situations where the subordinates still follow her instructions.

3 0
3 years ago
Liquidity ratios are used to measure a firm's ability to meet its obligations as they come due. Two of the most commonly used li
marshall27 [118]

Answer:

Current Ratio= Current Assets/ Current Liabilities

Explanation:

Current Ratio= Current Assets/ Current Liabilities

The current ratio is an important measure of a company's ability to pay its short term obligations. It is defined as current assets divided by current liabilities.

Current assets are cash and other resources that are expected to be sold or used within one year or the company's operating cycle , whichever is longer. Examples are cash, short term investments , accounts receivable, short term notes receivable, goods for sale ( called merchandise or inventory) and prepaid expenses. Prepaid expenses are usually listed last because they will not be converted to cash ( instead they are used).

Current liabilities are obligations due to be paid or settled within one year of operating cycle, whichever is longer. they are usually settled by paying out current assets such as cash . Current liabilities often include accounts payable , notes payable, wages payable, taxes payable, interest payable and unearned revenues. Also any portion of a long term liability due to be paid within one year or the operating cycle whichever is longer is a current liability.

3 0
3 years ago
AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 c
posledela

Answer:

What is the amount of Supplies Expense that AllTech Corporation will recognize for the​ year?

$1050

Explanation:

Beggining of the year 1800

Purchased 1150

 

End of the year 1900

Expenses 1050

 

end = beg+purtcahse-expense  

 

expense=beg+purchases-end  

 

expense=1050  

4 0
3 years ago
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