The disadvantage of a personal professional liability policy is that it is expensive.
Option - a.
<u>Explanation:</u>
Proficient risk protection (PLI), additionally called proficient repayment protection (PII) yet more normally known as mistakes and oversights (E&O) in the US, is a type of obligation protection which ensures proficient guidance and administration giving people and organizations from bearing the full cost of shielding against a carelessness guarantee made by a customer, and harms granted in such a common claim.
The inclusion centers on supposed inability to perform with respect to, budgetary misfortune brought about by, and mistake or oversight in the administration or item sold by the policyholder. These are foundations for lawful activity that would not be secured by a progressively broad risk protection arrangement which tends to more straightforward types of damage.
Proficient risk protection may take on various structures and names relying upon the calling, particularly medicinal and lawful, and is once in a while required under agreement by different organizations that are the recipients of the exhortation or administration.
Inclusion now and then accommodates the safeguard costs, including when lawful activity ends up being unfounded. Inclusion does exclude criminal arraignment, nor a wide scope of potential liabilities under common law that are not identified in the arrangement, yet which might be dependent upon different types of protection. Proficient risk protection is legally necessary in certain zones for particular sorts of expert practice.
Explanation:
Marketing can be understood as the strategic development of action plans capable of building a strong relationship between the client and the company, and generating value for a brand.
Therefore, a young person shopping at a local mall that incorporates all the benefits of marketing will be responsible for bringing these advantages to a company and putting it in a successful position.
Suppose the young man had a need to buy running shoes, so he went to the mall to look for options to meet his set of needs including benefits and price. As he strolled through the mall he noticed a store whose sports shoes ads he had seen on TV, so he felt confident when he entered the store, saw images of an advertising campaign that a famous sportsman wore branded sneakers, felt identification with the brand and then was well attended by the sales team, who explained all the benefits of the product and even gave a discount to buy through the online store.
Satisfied with the purchase and service, the customer started to follow the social media of the brand in question, bought another sneaker through the online store and started to recommend the brand in their social media.
We can see that through marketing efforts, the brand is able to create a favorable shopping experience that helps to retain customers and attract new ones, so it positions itself in the market in a competitive and profitable way.
Good things
1. Government can control market failure
2. It help optimize social welfare
3. It prevents monopoly
Bad things
1. Lack of efficiency
2. No rewards
Taxable income is The amount of your income, after it has been reduced by exemptions, deductions, and credits, that is used to calculate the tax you owe.
Answer:
8.63%
Explanation:
The expected rate of return on the bond can be determined using a financial calculator bearing in mind that the calculator would be set to its end date before making the following inputs:
N=17(number of annual coupons in 17 years)
PMT=100(annual coupon=face value*coupon rate=$1000*10%=$100)
PV=-1120(the current price is $1,120)
FV=1000(the face value of the bon is $1000)
CPT
I/Y=8.63%
EXCEL APPROACH:
=rate(nper,pmt,-pv,fv)
nper=N=17
=rate(17,100,-1120,1000)
rate=8.63%
