<h3>Hello there!</h3>
Your question asks how much you would be paying for insurance with the information given.
<h3>Answer: $300</h3>
The reason why your answer would be $300 is because that's the premium that you would be paying for. The "premium" means the amount you're paying for coverage. The premium could have different coverages that make up the price. The insurance would cover the liabilities that you might have.
People tend to get confused with deductibles. You don't pay monthly for deductibles. Deductibles are a payment that someone needs to pay before an insurance company starts paying for your needs that your coverage provides. For example, if I brake a bone, I would first pay the $500 deductible before the Insurance company starts covering my costs. This is the ensure that the insurance company gets some type of money before they start helping you.
<h3>I hope this helped you out!</h3>
Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
<u>Full question:</u>
Culture is a component of what type of environmental force that must be scanned to assess its impact on the organization's marketing environment?
A) economic
B) competitive
C) social
D) regulatory
E) technological
<u>Answer:</u>
social environmental force that must be scanned to assess its impact on the organization's marketing environment
<u>Explanation:</u>
The social environment of a firm consists of all that society thinks, its rules, its works and it’s the process it performs. Prosperous marketing depends slightly on the strength of a company to accomplish its marketing arrangements within its social environment.
Social environmental forces are those forces that include attitudes and shared expectations of the population. Businesses also have their social environmental factors. This is also recognized as internal social environments. When purchasers endure a variety in their practice or standards, they exhibit various requirements and purchase distinct products.
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.
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The nominal value takes into account the number that is actually announced at a time, while the <u>real value </u>refers to the statistic after it has been adjusted for inflation.
<h3>What do you mean by real value in economics?</h3>
A real value of an item, additionally referred to as its relative price, is its nominal price adjusted for inflation and measures that price in phrases of every other item.
Real values are extra vital than nominal values for monetary measures, along with the gross domestic product (GDP) and private incomes.
Thus, <u>Real value </u>refers to the statistic after it has been adjusted for inflation.
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