The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.
Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.
Money allows this relationship to work.
Answer:
C) limited; unlimited
Explanation:
Economics can be described as the study of how people use limited resources to satisfy unlimited wants.
Answer:
(1) Assessment
Explanation:
The intersection of the assessed probability and severity of a hazard in the risk management process is called 'risk assessment'
Risks are usually assessed in two broad areas namely: Probability of occurrence and Impact.
Probability of occurrence has to do with the degree of likelihood that a risk will materialize while 'impact' tries to access how much damage the risk is likely to cause, in the event that it materializes.
In summary, risk management usually views risk as a function of probability and impact.
Answer:
$0
Explanation:
Alfred paid in premiums = $18,300
company paid Alfred = $125,000
Alfred died after 18 months, then,
Company collected the face amount of the policy = $150,000
Sale of policy = [ company compensation - premium paid]
= $125,000 - $18,300
= $106,700
In this situation, Alfred receives the submission price from the insurance company consequential in profit.
There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.
That's why he is not required to include the amount of sale of policy i.e. $106,700.
Hence, Alfred required to include in his gross income will be zero ($0).
CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.
A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.
CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.
It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.
Learn more about CPAs here:
brainly.com/question/24538077
#SPJ4
