All categories

3 years ago

An insurance policy with a higher premium most likely has ...

Business

2 answers:

dimaraw [331]3 years ago

5 0

I believe the answer is: A. Lower deductible

In choosing insurance, the premium is the amount that you should pay to the insurance company in exhange for the coverage of their service. While the deductibles are the amount that you should pay each year before the insurance company start paying on your behalf.

Korolek [52]3 years ago

3 0

<u>Option A is correct. </u>

<u>An insurance policy with a higher premium most likely has a lower deductible. </u>

Further Explanation:

Insurance policy is taken for the future uncertainty that may arise during the whole life of the person. Insurance policy can be taken for things and people also. Health policy is used for personal health if, in future, a person has faced a severe disease possible or maybe a normal accident. For meeting this type of expense, the person is already preparing with the insurance policy and meet all the expenses immediately.

Justification for the correct and incorrect answer:

Lower deductible: This option is correct.

Deductible means the amount paid before making the insurance policy. The expenses incurred on the policy before payment of premium. The higher premium policy is taken in case a person suffering from a severe disease; in this case,a deductible is lower.

No liability limit: This option is incorrect.

The liability limit is the money that the insurance company will pay at the time of requirements. In some instances, there is a limit on the liability limit. But in the case of higher premiums,the insurance company will compensate for the whole amount.

Higher deductible: This option is incorrect.

Deductible means the amount paid before making the insurance policy. The expenses incurred on the policy before payment of premium. When the deductible is higher, the premium is lower. This statement is incorrect.

Lower liability limit: This option is incorrect.

The liability limit is the amount of money that the insurance company will pay at the time of requirements. In certain cases, there is a limit on the liability limit. But in case of higher premiums, the insurance company will compensate for the whole amount.

Learn more:

1. Learn more about insurance

<u>brainly.com/question/7325538 </u>

2. Learn more about life insurance

<u>brainly.com/question/2674013 </u>

3. Learn more about insurance rules

<u>brainly.com/question/6075135 </u>

Answer details:

Grade: Middle School

Subject: Business

Chapter: Insurance policy

Keywords:an insurance policy, higher premium, most likely, havea lower deductible, no liability limit, the higher deductible, lower, future uncertainty, health policy, severe disease.

You might be interested in

Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem

Vesna [10]

Answer:

EOQ= 300 units

Annual ordering cost= $3750

Annual holding cost =$3750

Re-order point =100 units

Explanation:

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √ (2× Co× D)/Ch

EOQ = √ (2× 75× 15,000)/25

EOQ = 300 units

Annual holding cost

= EOQ/2 × holding cost per unit

= 300/2 × $25

=$3750

Annual ordering cost

= Annul demand/EOQ × ordering cost per order

=( 15,000/300)× $75

= $3750

Re-order Point

Maximum consumption × maximum lead time

=( 15,000/300)× 2 = 100 units

6 0

3 years ago

Hich correlation coefficient is one most likely to find between hours spent studying each week and cumulative gpa among college

8090 [49]

<u>".30"</u> is one most likely to find between hours spent studying each week and cumulative gpa among college students.

The correlation coefficient is a statistical measure that figures the quality of the connection between the relative developments of the two factors. The scope of qualities for the relationship coefficient limited by 1.0 on a flat out esteem premise or between - 1.0 to 1.0. In the event that the relationship coefficient is more prominent than 1.0 or not exactly - 1.0, the connection estimation is inaccurate. A connection of - 1.0 demonstrates an immaculate negative correlation, while a connection of 1.0 demonstrates a flawless positive correlation. A connection of 0.0 shows zero or no connection between the development of the two factors.

3 0

3 years ago

For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes

katrin [286]

In the above case, a skill acquisition will be the aim of the program.

<h3>What organizational goal is driving this skill acquisition training?</h3>

The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school

<h3> What will the benefit be?</h3>

The benefit of acquiring a skill is that one will be equipped with a lot of good resources and also the skill of financial management, one will have improved strategic planning and others.

What competencies will skill acquisition need?

It just need your presence, one's talents and expertise that has been obtained via education or or life experience.

<h3>What is the skill gap? </h3>

Critical thinking/problem solving
Paying Attention to detail.
Leadership.
Teamwork.

<h3> What evaluation will be used to measure the level of goal achievement? </h3>

Output based on work done, practical work and result.

Who will be trained - student.

The estimated class size- 50 - 100

How many classes will there be and how long will this training last - 20 class and it will last 2 month.

knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.

The type of program that is being proposed - skill and handwork training.

What media, if any will be used in the training - visual, media and communication tools will be used·

What will happen if we do not deliver the training - giving of certificates and graduation.

What are the restrictions or limitations for delivering a program - financial restriction.

What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.

Learn more about skill acquisition from

brainly.com/question/27961165

#SPJ1

5 0

1 year ago

Holiday Laboratories Laboratories purchased a high speed industrial centrifuge at a cost of $420,000. Shipping costs totaled $15

blsea [12.9K]

Answer:

$455,000

Explanation:

Given that,

high speed industrial centrifuge at a cost = $420,000

Shipping costs = $15,000

Foundation work = $8,000

additional water line = $3,000

Labor and testing costs = $6,000

Materials used up in testing = $3,000

Total Costs to be capitalized:

= High-speed industrial centrifuge + Shipping costs + Foundation Work + Additional Water Line + Labor and testing costs + Materials used in testing

= $420,000 + $15,000 + $8,000 + $3,000 + $6,000 + $3,000

= $455,000

4 0

3 years ago

In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the

Anton [14]

Answer:

D)the second-period demand curve will shift substantially to the right.

Explanation:

If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.

3 0

3 years ago