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monitta
2 years ago
10

Question 7 of 10

Business
1 answer:
Ipatiy [6.2K]2 years ago
4 0
D is the answer I’m sure of it
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Which of the following statements about the waiver-of-premium provision in life insurance is true?
Verdich [7]

Answer:

Correct Answer:

D) The disability must occur before a stated age, such as 65, for premiums to be waived.

Explanation:

In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.

<em>For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.</em>

7 0
3 years ago
The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
aliina [53]

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a <em>"Program Evaluation and Reviews Techniques"</em> or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

4 0
3 years ago
A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing
Orlov [11]

Answer: Reduce output

Explanation: Profit = Total Revenue – Total Costs

Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.

TC = AC×Q = $4×500 = $2,000

Theoretically, profit maximization occurs where MR = MC

From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.

The company should reduced output to around 499 units or less

3 0
3 years ago
Networks are proven to be relevant in the context of innovation and entrepreneurship. Explain
kolbaska11 [484]

Answer:

Accommodation

Engagement Refinement

Explanation:

In the entrepreneurial ecosystem, networks still remain a popular and important aspect which is often thought and seen as a stepping stone to achieving entrepreneurial greatness. This network simply entails the creation of a circle or set of skilled individuals usually in different strategic areas of specialization relevant to a certain business line or sector. This way embarking on projects tends to be much easier as these networks of people can offer help, tips or together engage in to proffer solution on time. Networks are created usually through meetups and good interpersonal relationships. Having professionals around can speed up processes and. However, networks has to be properly managed usy be being accommodating and warm when approcached; frequent engagement topics and trending issues, including the desire to learn more and measure up to new trends.

8 0
3 years ago
Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $
Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (24 x $0.75) + (12 x $1.25) = $33     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (22 x $0.75) + (14 x $1.25) = $34     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (15 x $0.75) + (18 x $1.25) = $33.75     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (10 x $0.75) + (20 x $1.25) = $32.50    <u> </u><u>SHE CAN AFFORD TO BUY</u>

8 0
3 years ago
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