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ArbitrLikvidat [17]
1 year ago
6

When the insured knows more about their circumstances than the insurer, there is

Business
1 answer:
elena-s [515]1 year ago
4 0

When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.

<h3>What is an insurance company?</h3>

An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:

  • Adverse selection
  • Propitious selection
  • Moral hazard
  • Asymmetric information

Read more on insurance here: brainly.com/question/16789837

#SPJ1

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Answer: Dynamic of need

Explanation: There are two words of importance here. Dynamic and need.

Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.

When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.

Need: to require something because it’s important or very essential.

Dynamic of need is when you have a active need of things, this things can be information which are very essential.

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3 years ago
Many critics have argued that a sales or consumption tax should be eliminated because of its regressive nature. what is the basi
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Whose name is associated with humanism
Svetradugi [14.3K]

Answer:

The major theorists considered to have prepared the ground for Humanistic Psychology are Otto Rank, Abraham Maslow, Carl Rogers and Rollo May. Maslow was heavily influenced by Kurt Goldstein during their years together at Brandeis University. Psychoanalytic writers also influenced humanistic psychology. i hope this helps

Explanation:

7 0
3 years ago
In 2012, Teller Company sold 3,000 units at $300 each. Variable expenses were $210per unit, and fixed expenses were $120,000. Th
katrin [286]

Answer:

Teller's break-even point in sales dollars for 2012 is $400,000

Explanation:

The formula to compute the break even point in dollars is shown below:

Break even point (in dollars) = (Fixed expenses) ÷ (contribution ratio)

where,

Fixed expense is $120,000

And, the contribution ratio equals to

= (Contribution per unit)  ÷ (sales per unit) × 100

where,

Contribution is = Selling price - variable cost per unit

                        = $300 - $210

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Now put the values to the above formula

So, the ratio would be

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Now put the values to the above formula

So, the value would be

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4 0
3 years ago
Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. The
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<u>Answer:</u> Option B

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Competitive advantage means having an advantageous quality which the other companies do not have in the market. When a company has competitive advantage it can become a price leader or market leader. It also becomes the consumer's most preferred company when compared to other companies.

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