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Neporo4naja [7]
3 years ago
12

An insured pays her Major Medical Insurance premium annually on March 1. Last March she forgot to mail her premium to the compan

y. On March 19, she had an accident and broke her leg. The insurance company would)__________.
Business
1 answer:
zysi [14]3 years ago
3 0

Answer:

Pay the claim and the accident occurred during the grace period

Explanation:

Grace period is the period or the set length of the time after the due date during that the payment is to be made without any penalty by the insurer or the person.

The grace period mostly is of 15 days and it is usually involves in the insurance contact and the mortgage loan.

So, in this case, the insurer forget to pay the premium but on march 19, she met with an accident and broke her leg, then the insurance company will be paying the claim as the accident happened during the grace period.

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Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
iren [92.7K]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
4 years ago
In order to price discriminate, a firm must
Andreyy89

Answer:

A. have permission from the government.

B. face a downward-sloping demand curve.

C. set price equal to marginal cost.

D. be sure the price-marginal cost ratio is the same for all its submarkets.

Explanation:

8 0
4 years ago
One advantage of proprietary software versus off-the-shelf software is that _____.
Serjik [45]

(C) the software provides a company a competitive advantage by solving problems in a unique manner

Proprietary software is a special software designed for a specific application and owned by the organization, firm or individual that uses it. Proprietary software can give an organization leverage over competitors, by solving problems in a unique manner, however, off-the-shelf software is mass produced software used by several other organizations, thereby giving other organizations simple and identical problem-solving technique.


6 0
3 years ago
Read 2 more answers
A company that has never previously issued securities registered with the Securities and Exchange Commission, can register in a
tatiyna

Answer:

C. II and III

Explanation:

These are the options for the question

I Filing

II Coordination

III Qualification

A. I only

B. II only

C. II and III

D. I, II, III

The Securities and Exchange Commission (SEC) can be regarded as an oversight agency of U.S. government, which responsible for regulation of securities markets as well as protection of investors. civil actions can be taken by SEC against lawbreakers, they aworks hand in hand along with Justice Department on criminal cases. For a company to register under them , there must be Coordination and Qualification. It should be noted that company that has never previously issued securities registered with the Securities and Exchange Commission, can register in a State by Coordination and Qualification

5 0
3 years ago
Sharon is unhappy with her job as a salesperson at a retail store for many reasons. Yesterday a customer asked her where the sha
postnew [5]

Answer:

<u>Customer satisfaction.</u>

Explanation:

Customer satisfaction is an extremely relevant factor for a company as it can directly influence the success or failure of a business.

The whole experience that the customer will have with your company will influence their perception and decision to re-establish relationships with the organization. The company should pay attention to the set of determinants responsible for customer satisfaction, the product must meet their needs, service and service should be cordial and optimized to clarify doubts and assist in the process of purchase and customer loyalty.

So on that issue, an employee like Sharon will negatively impact customer satisfaction, which has not been answered and badly answered. What the organization can do to improve this cycle is to invest in employee training and motivational policies that help increase job satisfaction and thereby increase customer satisfaction.

6 0
3 years ago
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