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1 year ago

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

1 answer:

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

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Answer:

The answer for (a)$442,890 for (b) $364,023.5

Explanation:

From the question, the first set to take is to determine if the Mayor should purchase now or late when,

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(b)When inflation is considered

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Future worth analysis (FWA) = 275, 000 (i +1)^5

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(B) When inflation is considered

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Answer: When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and racially different backgrounds, it is called workplace diversity.

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