Answer:
compulsory insurance is the insurance where term and conditions are recommended to be followed
noncompulsory is the insurance where rules are not requested to be done on daily basis
Answer:
Reduce supply. Customers generally reduce their purchases of luxury items when the economy falters.
Explanation:
During the recession, the number of unemployment will rise and the purchasing power that people have will be reduced.
When this happen, the supply of the diamond watches in the market will heavily outnumbered the number of consumers that afford to buy it. (this is applicable to all type of products, not only diamond watches)
Because of this, when expecting a recession in the future, companies tend to reduce the amount of supply to minimize their loss. They can resell it after market has been restabilized.
Answer:
retained earnings at the beginning of the period plus net income minus dividends.
Explanation:
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income earned - cash dividend paid
While calculating the ending balance, we added the net income and deduct the cash dividend paid to the beginning balance of retained earning account so that the ending retained earnings balance could come
Answer:
The question is one of Cyber Security.
To ensure security/privacy for online transaction while securing customer network, information and credentials, the first step is to ensure that:
1. The website itself is hosted with a very secure platform. This can be achieved by:
- Picking the right hosting company.
- Ensuring that your hosting company itself utilizes secure servers and networks.
- Adding a two-factor authentication for the C-Panel and other access points to the hosted website
- Ensuring that the website is secured using a Secure Sockets Layer (SSL) protocol. This certificate helps to ensure the authentication, encryption and decryption of data transmitted over the Internet.
2. Use Web Application Firewall (WAF)
This is a hardware or software system that allows authorized traffic and blocks unauthorized or potentially malicious access to a network.
3. Ensuring that the website is compliant with PCI DSS requirements
PCI DSS refers to Payment Card Industry Data Security Standard.
This technology helps to eliminate fraud and secure e-commerce websites.
4. Real-Time Bot Detection Technology
Bots are also used by malicious people to steal information and or vendor data. If the website is enhanced with a Bot Detection Technology, it will help reduce the effects of such.
5. As an e-commerce business, one must force users to use very strong passwords. This may be done a the point of registration. Passwords boxes besides having the regular encryption must be configured to accept only strong passwords.
Cheers!
