1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mrrafil [7]
4 years ago
12

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

Business
2 answers:
Mila [183]4 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]4 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.

You might be interested in
In the IS–LM model, a decrease in the interest rate would be the result of a(n): increase in government purchases. increase in t
Dmitry [639]

Answer:

Increase in money supply

Explanation:

Option - A: If there is a decrease in the interest rate, government purchases will decrease in the IS-LM model. Therefore, it is not the answer.

<em>Option - B:</em> As the interest rate decreases, people will borrow more money from the bank. The money will be flown quickly; therefore, the money supply will increase. So, it is the answer.

Option - C: There will be an increase in taxes. Therefore, it is not the answer.

Option - D: As there is an increase in the money supply, the opposite will happen with the money demand. Therefore, it cannot be the answer.

5 0
3 years ago
The selection of the factory overhead allocation method is important because the method selected determines the accuracy of the
rusak2 [61]
If this is a true or false question, then yes, it is <u>true</u> that the selection of the factory overhead allocation method is important because the method selected determines the accuracy of the product cost.It is important to determine the appropriate method to allocate overhead in a certain factory so as to ensure that the cost of a product is suitable and accurate.
6 0
3 years ago
In 2019, Audrey claimed $2,100 on her Federal tax return for her Child and Dependent Care Expenses Credit. Her Federal adjusted
Maurinko [17]

Answer:

$1,050

Explanation:

Her adjusted gross income is $32,750, so she can claim maximum of 50% of Child and Dependent Care Expenses as CDC Credit

= $2,100 * 50%

= $1,050

So, the amount she can claim for the California Child and Dependent Care Expenses (CDC) Credit  is $1,050

5 0
3 years ago
Recreation resorts are the only ones to offer sports and other recreation activities.
Ahat [919]

Recreation resorts are not only the ones to offer the sports and other recreation activities as there are other resorts as well to provide with such facility.

<h3>What are recreation resorts?</h3>

Recreation resorts refers to those resorts which facilitates us with receration activities such as running, dancing, swiming, mediatation, walking, short term sports etc.

There are other resorts such as hills stations, beach resort, luxury resort, economy resort etc.

Thus similar kind of activities are provided in other resorts as well with there unique features.

Learn more about resorts here:

brainly.com/question/19582915

#SPJ1

8 0
2 years ago
When should an event programing be used
lozanna [386]

Answer:

The utilization of the given topic is summarized throughout the below section.

Explanation:

  • Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.
  • The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).
4 0
3 years ago
Other questions:
  • A company is creating three new divisions and seven managers are eligible to be appointed head of a division. How many different
    9·1 answer
  • ​"a special arrangement of machinery and equipment to focus on production of a single product or group of related​ products" des
    8·1 answer
  • Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
    11·1 answer
  • How does a trade deficit occur?
    13·2 answers
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    9·1 answer
  • A firm's annual stockholders' report ________. documents the list of all investors who bought the firm's shares during the past
    15·1 answer
  • Sonja is writing an essay about becoming a preschool teacher. Complete it by correctly filling in the missing information.
    13·2 answers
  • Help help help help help help
    13·1 answer
  • What remarketing audiences cannot be defined by default?.
    13·1 answer
  • Both ceo pay and average worker pay have increased substantially in the past 30 years. true or false?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!