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1 year ago

Which of the following is a benefit of insurance?.

1 answer:

8 0

The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.

What is an advantage of having insurance?

By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.

Describe three advantages of term insurance.

The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.

Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.

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Find an online news article related to tort law and write a 3 to 5 sentence response tying the article to at least one key conce

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Answer:

Tort law is the civil law that enables the employees to seek compensation by the business if anything wrong is done against them.

Explanation:

Tort law secures the rights of employees and enables them to ask for compensation if they are mentally disturbed or physically harmed by the business activities or management team. The law also protects individuals from the threats of harm and compensation can be seek by providing proofs in the court.

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3 years ago

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4 years ago

Will the financial statements of a company always differ when different choices at the start of the accounting period are made r

german

Answer:

Will the financial statements of a company always differ when different choices at the start of the accounting period are made regarding the denominator-level capacity concept?

A. No. It depends on how a company handles the production-volume variance in the end-of-period financial statements. For example, if the adjusted allocation-rate approach is used, each denominator-level capacity concept will give the same financial statement numbers at year-end.

Explanation:

Level capacity strategy

The organisation manufactures or produces at a constant rate of output ignoring any changes or fluctuations in customer demand levels. This often means stockpiling or higher holdings of inventory when customer demand levels fall

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3 years ago

Jenna opened a successful restaurant. One night, after the restaurant had closed, a fire started when the electrical system malf

Vinvika [58]

Answer:

Indirect loss

Explanation:

The lost profits are an example of indirect loss.

Indirect loss also known as consequential loss is a loss sustained by a business owner when it is unable to use its assets for the intended purpose. Indirect loss is as a result of damage caused by fire, flood, earthquake etc.

An insured business is able to recover part of indirect loss but if the business is not insured, then it will bear the consequences alone.

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3 years ago

What is the best advice for concluding your presentation?

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4 years ago