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koban [17]
3 years ago
14

Brokers differ from insurance agents in that ____

Business
1 answer:
leva [86]3 years ago
8 0

Answer: Option A          

Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.

Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.

Hence from the above we can conclude that the correct option is A.

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S corporation shareholders are subject to self-employment tax on business income allocations from the S corporation if they are
Mila [183]

Answer:

The statement is false

Explanation:

S corporations are pass through corporations, which means income earned is passed to the owners and they are taxed at individual level.

Shareholders of S corporation earns income in the form of wages and distributions. Wages are charged with payroll taxes. S corporation shareholders are not subject to self-employment taxes which is an advantage for them.

Therefore, the statement is false

3 0
4 years ago
1st Which of the following economic goals focuses on funding technological advances in production?. . A. Efficiency. . B. Equity
skad [1K]
Out of the choices given, the economic goals focuses on funding technological advances in efficiency production. The correct answer is A. 
7 0
3 years ago
What is the term for a group of consumers who share a set of social relationships based on the use of a​ product?
mixer [17]

Answer:

The correct answer is brand community.

Explanation:

A brand community can be defined as a community formed on the basis of attachment to a product or a brand. The consumers that belong in a brand community generally share the same tastes, cultures, and values.  

The main characteristics of a brand community are

  • Shared consciousness
  • Sense of moral responsibility
  • Rituals and traditions

A number of companies show brand communities, for instance, Jeep, Harley Davidson motorcycles, Barbie, Lego, Royal Enfield motorcycles, etc.

7 0
3 years ago
Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money t
Brums [2.3K]

1). The four factors that would be involved in Fatima's bakery business would be:

  • Land or the place where she would prepare and pack the cakes.
  • Labor who would be involved in the production of the cakes.
  • Capital that would be invested to incur the costs of the production.
  • Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

Learn more about 'opportunity cost' here:

brainly.com/question/13036997

6 0
3 years ago
plainco corporation sells widgets for $3.00 each in market that is perfectly competitive. increasing the number of plainco worke
Goryan [66]

The marginal revenue product for the 1,001st worker is 30.

Marginal revenue product= MR*MPL

=3*10

=30

WHERE MR is MARGINAL REVENUE AND MPL is MARGINAL PRODUCT OF LABOUR.

Marginal sales product (MRP), additionally referred to as the marginal price product, is the marginal sales created because of an addition of 1 unit of useful resource. The marginal sales product is calculated with the aid of using multiplying the marginal bodily product (MPP) of the useful resource with the aid of using the marginal sales (MR) generated.

The marginal sales manufactured from hard work represents the more sales earned with the aid of using hiring a further employee. It shows the real salary that the organization is inclined and may come up with the money for to pay for every new employee they hire, and the salary that the organization will pay is the marketplace salary fee decided with the aid of using the forces of deliver.

Learn more about marginal revenue product here:

brainly.com/question/13617399

#SPJ4

5 0
1 year ago
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