Answer – Elimination period
In insurance, elimination period refers to the time between the
disabling event (e.g. the occurrence of an injury or illness) and the beginning
of payments in the disability coverage (i.e. when payments of insurance benefits are received from the
insurer<span>)</span>
Answer: A project charter contains:
- Project manager assigned, his responsibility and authorization level.
- Project Objectives
- Project justification.
- Project general description.
- High level requirements
- High level risks.
- Summary of the most important milestones in the schedule.
- Budget Summary
- List of Stakeholders or stakeholders of the Project.
- Requirements for project approval.
- Name and level of authorization of the Sponsor or the person authorizing the Project Charter.
The important thing with the generation of this document is that there is a formal record of the initiation, limits and completion of the project being of great importance for its success.
In this way, with all this information established with security, it allows the manager to obtain funds from third parties for the realization of the project.
Answer:
see below
Explanation:
1. Division of labor develops an individual’s creativity... <u>False, </u>division of labor involves repeating the same tasks, which created monotony and kills creativity.
2.Specialization can be applied go all productive activity... <u>True, </u>Specialization involves concentrating on a specific skill, activity, or production process,
3. Specialization produces sameness of products... <u>True, </u>same employees using the same processes in production will most likely have the same outcome.
4. Cost per unit is reduced with specialization... <u>True, s</u>pecialization increase efficiency leader in lowering cost per unit.
Answer:
Localized economics
Explanation:
Localized economics :
Localisation implies the grouping of a specific industry in a specific region, region or area. Localisation is identified with the regional division of work, that is, specialization by regions or areas.
A specific town or district will in general have practical experience in the creation of a specific item.
These are benefits for a firm got from the nearness of firms having a place with a similar industry in a region. Urbanization economies are those advantages acquired by a firm emerging from the size of a region and the decent variety of its economy.
<span>c. common resources are rival in consumption.
In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone.
So let's look at the available options and see what makes sense, or doesn't make sense.
a. people consider the value of resources in the future more than in the present.
* If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer.
b. markets do not account for the presence of property rights.
* The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer.
c. common resources are rival in consumption.
* This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost.
d. government does not efficiently allocate society's scarce resources.
* This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.</span>
