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Aleks [24]
3 years ago
10

An insured forgets to pay his insurance premium. Instead of the policy lapsing, the premium is paid by the company. This would s

uggest that a __________ policy was purchased.
Business
1 answer:
Vanyuwa [196]3 years ago
5 0
<span>This would suggest that a Whole life policy was purchased.
a whole life policy is a kind of insurance policy that will stay active for insured's entire lifetime. (as long as the premium keep being paid on time)
One example of this type of insurance is a life insurance (which will give a specific amount of money to your family if you passed away)</span>
You might be interested in
MC Qu. 157 McCoy Brothers manufactures and sells... McCoy Brothers manufactures and sells two products, A and Z in the ratio of
solniwko [45]

Answer:

7,200 units

Explanation:

The computation of the no of units for break even for product A is given below:

But before that the contribution margin for the sales mix is

<u>Particulars                 product A     product Z</u>

Selling price           $84                 $105

Less:

variable cost          -$41                 -$45

Contribution margin $43               $60

Sales mix                  5                     2

CM sales mix             $215            $120

Total                                 $335

Now the break even sales in total is

= $482,400 ÷ 335

= 1,440 units

Now for product A, it is

= 1,440 × 5

= 7,200 units

3 0
2 years ago
Even though a company sets a limit on the number of shares it will sell, before selling any of them, the company must receive au
Komok [63]

Answer:

Given statement is <u>TRUE</u>

Explanation:

In general (with some exceptions) securities sold in US must be registered. Securities Act of 1933 requires companies intending to issue shares to file and complete registration.

7 0
3 years ago
Read 2 more answers
The residents of country A earn $500 million of income from abroad. Residents of other countries earn $200 million in country A.
Bumek [7]

Answer:

GNP which is larger than GDP in country

Explanation:

GNP involves the internal as well as the outer funding option available to a country. A is earning from abroad and also earns from expats i.e. the residents of other countries working in country A. Therefore its GNP is greater than GDP

4 0
3 years ago
Labor arbitration: a. Is promulgated by the employer to resolve statutory claims. b. Gives the employer the dominant power. c. A
Elenna [48]

Answer:

d. Provided for final resolution of disputes interrupting work that contributed to the war effort.

Explanation:

Labor arbitration refers to a common reference of disputes between the executive management of a business firm (company) and labor unions to an impartial third party known as an arbitrator, for final resolution of the disputes or disagreements.

This ultimately implies that, labor arbitration provided for final resolution of disputes interrupting work that contributed to the war effort.

Basically, it comes as the last step for the resolution of disputes or disagreements with respect to collective-bargaining agreement, after every other measure to reach an agreement (settlement) have been exhausted

3 0
2 years ago
Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un
Anna007 [38]

Answer:

Clan culture

Explanation:

The word "clan" refers to a group of people who belong to the same family.

Clan culture in organizational context, refers to treating employees and customers as if they form part of a family.

Such a culture is driven by common agreement and goals and carrying on similar values and beliefs.

In the given case, at the coffee house, the owners aim for group unity and employees customers alike are treated as if they represent one family. This indicates clan culture being followed at State Street Coffee.  

4 0
3 years ago
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