Which of the following types of business environment is MOST typical of the Commonwealth Caribbean area?
a) Corporate state
b) Mixed economy
c) Centrally planned
d) Perfectly competitive
Answer is b) Mixed economy
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Answer:</u></h3>
The commission can be shared between the two agents.
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Explanation:</u></h3>
Many times different companies collaborate with each other to sell a particular policy to maximize their profits. When there are two agents licensed in the same line and when the two companies collaborate to sell a policy then the commission is shared between the agents.
This is because they will work together for the profits and that when the two companies collaborate they become one to sell the policy. The agents work together and the commission is given to them as a whole. This is a common practice when two companies work together.
Answer:
Gross premium = $100
Monthly Net premium = $70
Therefore 70 x 12 x 3 = 2,520
= 20% of 2, 520
2,520/100 x 20/1
GMP (Gross Monthly Premium) = $540
Answer:
down below
Explanation:
A career is a occupation that people take for usually long periods of time, many times people have a career for there whole life, it's something you have progress with over the years.
a employer is either a person or organization that employs people for a job
a employee is someone who is working at a job for means of wages or salary.
Answer: Option D
Explanation: In simple words, depreciation refers to the reduction in value of an asset which occurs due to the normal wear and tear of that asset over a passage of time.
Depreciation is calculated by dividing the difference of initial value and estimated residual value with the expected useful life.
Hence, from the above we can conclude that the correct option is D .
