Answer:
Unlike small firms and non-profit organizations, corporations have more ways to raise the money that they spend on productive resources.
Explanation:
- This is because corporations have the advantage of more means to raising capital such as selling stocks.
- This gives them an advantage over the other business structures.
- Employees can be attracted to offer their labor to corporations that small holdings since they are sure of their payment due to the high amounts of funds operated by corporations in comparison to small firms.
Answer: Option(c) is correct
Explanation:
Economic model is the concept that depict the real economic behavior and processes through hypothetical construction.It helps in understanding the complex concept of economic procedures with ease,simplicity and logically.It helps in testing theories and representing relationships.
Other options are incorrect because economic model not increase complexity in understanding concept, can be proven incorrect,does not includes critical elements and equation usage is not done in normative concept. Thus, the correct option is option(c).
Explanation:
Discrimination is regularly practiced by insurance companies and it's quite necessary. Before going further, let's make an important distinction. Insurance companies must practice fair discrimination. Discrimination refers to making choices and the practice makes sense as long as the choices are not unfair.
Unfair Discrimination
Unfair discrimination takes place whenever a choice revolves around a distinction that is irrelevant to offering insurance coverage. An example of this is to deny coverage based upon an arbitrary difference such as race or religion.
Fair Discrimination
Insurers are constantly involved in discriminating. They continuously evaluate situations to see if they are in a position to offer insurance coverage. Companies note differences and make choices among their insurance applicants. This process is important because insurance programs are designed using justifiable distinctions regarding the type of persons, property and situations they wish to cover.
Answer:
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