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Mrrafil [7]
3 years ago
12

What is the relationship between insurance and successful financial management? Why is insurance important?

Business
2 answers:
Mila [183]3 years ago
4 0
Insurance is important because you are insuring items or things that mean something to you, or to protect others,insurance can help in case any accidents happen and you <span>couldn’t get that item back.</span>
harkovskaia [24]3 years ago
3 0

Successful financial management is the proper use of your money to maximize your income, whether in the financial market or a productive investment such as a trade or factory. Efficient financial management also consists of emergency planning and protection against unexpected situations that could put your assets at risk. Like for example a fire. It is in this sense that insurance is important. Insurance is a contract you make with an insurer to protect your assets if that event occur. For example, if you take out fire insurance, if a fire occurs in your home or business, the insurer will reward what you have lost financially, according to the terms of the contract.

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______ effect happens when the place a product was manufactured influences how consumers perceive the product.
iren2701 [21]

The country of origin effect occurs when the location of a product changed into manufactured affecting how clients understand the product.

The country of origin is the country of manufacture, production, or growth where an article or product comes from. The united states' beginning is u. s. a . you come back from. In fashionable, it's far from the united states of nationality. For a few expatriates who accumulate another nationality, their united states of beginning might be that of their “1st” nationality. country of beginning impact (COE) can be described as any impact that the country of manufacture, meeting or design has on a purchaser's tremendous or bad perception of a product.

In the country of origin, the beginning is of manufacture, manufacturing, or growth from which a piece of writing or product comes from. us of an origin is not to be stressed with wherein the product became shipped from as this will no longer be similar to wherein it become in the beginning produced. u. s. a . of the foundation is vital for clients with ethnocentric notion structures and lots of customers select merchandise from advanced international locations. The united states starting place is used as an external sign for purchasers in evaluating the first-class of the product.

Normally talking, the Country of origin is the USA of manufacture, production, or increase in which a piece of writing or product comes from. u. s. a . of starting place isn't to be stressed within which the product changed into shipped from as this can no longer be the same as wherein it turned into at the start produced. The authority's e-market (GeM) portal, that's utilized by government departments for public procurement, has additionally made it obligatory for dealers to publish the USA of starting place whilst registering new products.

Learn more about your country of origin here

brainly.com/question/1899198

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8 0
1 year ago
Which of the following bank services pays the customer compound interest?
Liono4ka [1.6K]
c. savings accounts accrue compound interest.
5 0
3 years ago
Im 19 year old and i am a driver can i carry passengers in my car. I live in California
Viefleur [7K]
Yes you can. The hand book says a minor and minors are under 18. I hope I helped you.
5 0
3 years ago
North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,
atroni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

The total unit cost of making one unit of sales is $22.

Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

Income statement:

Sales= 2,317,800

COGS= (22*50,600)= (1,113,200)

Gross profit= 1,204,600

Selling and administrative= (304,000)

Tax= (270,180)

Net operating profit= $630,420

5 0
3 years ago
"If the interest rate on a U.S. one-year bond is 2%, the interest rate on a Brazilian one-year bond is 8%, and the currency prem
cluponka [151]

3% is the answer.

<u>Explanation:</u>

The financial matters of market interest direct that when the request is high, costs rise and the cash acknowledges in esteem. Conversely, if a nation imports more than it sends out, there is generally less interest in its money, so costs should decrease.

On account of cash, it deteriorates or loses esteem. The stockpile of money is dictated by the local interest for imports from abroad. The more it imports the more noteworthy the inventory of pounds onto the outside trade advertise. An enormous extent of momentary exchange monetary standards is by sellers who work for money related organizations.

5 0
3 years ago
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