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marissa [1.9K]
3 years ago
13

If there is a 1% chance that you will be in an auto accident that will cost you $100,000 in lost income, medical expenses, and l

iability, and your insurance company charges a 10% risk premium, an insurance policy giving you full coverage would likely cost
Business
1 answer:
tia_tia [17]3 years ago
3 0

Options:

a) $10,000

b) $1,000

c) $1,100

d) $11,000

Answer:

d) $11,000

Explanation:

There is 1% chance of involving in the auto accident

1% of $100, 000 = 1/100 * 100000 = $1000

The insurance company charges a 10% risk premium

10% of $100,000 = 10/100 * 100000 = $10,000

Full coverage = $10,000 + $ 1000

Cost of Full coverage = $11,000

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4 0
2 years ago
A/An _______________ fails to meet customers’ minimal requirements, potentially costing you business, even when you perform well
amm1812

Answer:

The correct answer is letter "B": Order Qualifier.

Explanation:

An Order Qualifier represents the minimum features a good or service must meet so consumers can think about purchasing them. Variables that could fall into this category are price, convenience or the product's reputation. If the good or service accomplishes one of those characteristics and is of preference of the consumers, then the firm has an order winner.

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If the government issued license to pollute a total of 1,600 tons of emissions, the market price to emit 1 ton of emissions woul
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Answer:

$450 per ton.

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The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor
igor_vitrenko [27]

Answer:

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Explanation:

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