Insurance allows for the recovery of a lost asset (or some form of value) by managing the risk or probability of that loss occurring through payment of a premium. Essentially insurers take on some of the risk associated with your loss occurring and are reimbursed in the form of the insurance premium you pay. As the probability of the loss occurring (e.g. your car being stolen) is quite low, the insurance company can make a profit provided that only a small percentage of insured parties lodge claims.
Answer:The Indo-Australian Plate is a major tectonic plate that includes the continent of Australia and surrounding ocean, and extends northwest to include the Indian subcontinent and adjacent waters. It was formed by the fusion of Indian and Australian plates approximately 43 million years ago.
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the answer is D Revenue is the total amount
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I did the test
Answer: The Battle of Tippecanoe was fought between American soldiers and Native American warriors along the banks of the Keth-tip-pe-can-nunk, a river in the heart of central Indiana.
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Answer:Opportunity cost is the cost of the forgone alternative when a choice is made. In this case, the store made a choice between buying a ship of computers, or buying new phones. It cannot do both because the firm has limited resources.
Explanation: Wrong subject.
