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N76 [4]
3 years ago
10

On Aug. 6, D submitted an application for a $50,000 Life insurance policy and did not pay the initial premium. On Aug. 18, D wen

t to his doctor complaining of chest pains and some tests were given by the doctor. The life policy was delivered by the producer on Aug. 20 and D explains what had recently taken place with the doctor. What action should the producer then take?a- collect initial premiumb- collect initial premium along with a signed health statementc- explain to the applicant the policy is no longer in effect due to change in health conditiond- collect initial premium and leave a binding receipt
Business
1 answer:
MAXImum [283]3 years ago
5 0

Answer:

B) collect initial premium along with a signed health statement

Explanation:

Since D submitted an application before he suffered from chest pains, then the producer should collect the initial premium. But the producer must also request a signed health statement which details the previous incident and what the doctor thought about it, and the tests that he requested.

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Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the pl
UNO [17]

Answer:

Answer B

Explanation:

Plaintiff attorney is the last resource for the damaged or injured party, that he/she can turn to. They usually represent those who suffered as a result of someone else's negligence and in the process cover all the costs and expenses of the trial. They cover all the financial costs in exchange of portion of Final verdict or settlement.

3 0
3 years ago
When there is a weak fit between a core business and a particular business line, organizations will typically follow what partic
Vinvika [58]

Answer:

B. The Organization will attempt to divest the weak line

Explanation:

First premise is to understand that there are two activities to consider for such companies. First is the Core business of the organisation and the second is the particular business line. A weak fit between the two means, resources are being wasted as they are not being maximized .

The organisation therefore will usually attempt to divest  (sell off their interest or investment) in the business line and then focus all resources and attention on the core business. Doing this will therefore, strengthen the core business and cut off the waste in resources.

5 0
3 years ago
The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$1.1448/$. If the bank typically
stealth61 [152]

Based on the bid quote given on the Canadian dollar, and the bid-ask spread, the ask rate would be $1.15.

<h3>What is the ask rate?</h3>

When given the bid-ask spread and the bid quote, the ask rate is:

= Bid quote x ( 1 + bid-ask spread)

Solving gives:

= 1.1448 x (1 + 0.5%)

= 1.1448 x 1.005

= 1.150524

= $1.15 2 d.p.

Find out more on the ask rate at brainly.com/question/13185509.

#SPJ1

6 0
2 years ago
A local coffee shop is known for poor customer service and an unclean, dirty environment. These factors would be classified as _
nevsk [136]

Answer: Weakness

Explanation:

A SWOT analysis is a type of situation report where a company's internal strengths and weaknesses and external opportunities and threats are considered.

The local coffee shop has weaknesses of poor customer service and dirty environment which can be identified in a SWOT analysis.

7 0
3 years ago
For each of the following statements, indicate whether it is true, false, or uncertain and EXPLAIN WHY. a. In the long-run the t
Colt1911 [192]

Answer:

a.

FALSE

<em>The argument above is in part inaccurate. In the long run, the monopoly dominant firms gain no economic profit at the profit generating production as their LRAC= LRAR at. </em>

The firm is not effective economically (productively) though.

A monopolistically dominant firm is not successful effective because it does not achieve the average cost curve at the minimum level. The difference between supply and supply of the equilibrium at the minimum average cost is called overcapacity.

b.

FALSE

The monopolist has the power to make the price to maximize the profit. The monopolist, however, always has to respect demand rule of law. Its AR-curve is a sloping downward curve.

<em>It indicates that if the monopolist decides to increase production, he will have to lower the price. It shows that to increase income, the monopolist can set its price but can not set any price.</em>

c.

FALSE

The shut down point for reasonably competitive firms is Price= AVC.

When the price falls below the average cost of the product, otherwise the business must shut off.

<em>Otherwise, the business must continue to manufacture until the price falls below the average cost of the product. It will still deliver, even if the average income or price is below the average output.</em>

7 0
3 years ago
Read 2 more answers
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