Answer: Consumer share risk with company.
Explanation:
Insurance involves the sharing of risk between a client and his insurer. In insurance the insurer takes a large portion of the risk while the client covers the rest of risk payment.
False is the answer to this question.
Answer:
<u>equity and efficiency</u>
Explanation:
Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.
When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.
The more efficiently the company works, higher will be the profit and higher will be the taxes.
As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.
Though it does not provide for right in company, but it is legal to pay the tax.
That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.
Answer:
Explanation:
When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.
Answer:
$70 per unit.
Explanation:
Based on the information given we were been told that the market price of X costs the amount of $70 per unit which simply means that market price exists, based on this the transfer price of X in a situation were each division is been treated as a profit making center will be the market price of $70 per unit.
