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Rufina [12.5K]
3 years ago
13

Bell’s database has been hacked and sensitive information has been compromised to its competitors leading to loss suffered by it

. Which insurance would cover this loss?
Business
2 answers:
Dennis_Churaev [7]3 years ago
8 0

Cyber Liability Insurance protects businesses and covers the loss.

<u>Explanation: </u>

Cyber liability insurance protects huge losses arising from data theft and other cyber incidents. Most plans include both 1st-party and 3rd-party protection. The first-party liability applies directly to losses incurred by the client.

Policies include a series of resources related to data theft, including warning charges, identity theft protection, strategic planning, expenses for the prosecution of complaints by federal regulators, fines, damages and injuries arising from identity theft and business disruption.

California was the very first country in 2003, to implement a data violation law requiring customers to be contacted if their private information is put at risk.

loris [4]3 years ago
6 0

Answer:

A Cyber Insurance Policy

Explanation:

A Cyber liability policy  covers the loss or damage of electronic data.

The policy often includes the following categories to be covered:

  1. Errors and omissions,
  2. media liability,
  3. network security,
  4. and privacy
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Answer:

$575.82.

Explanation:

Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).

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2 years ago
Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank. The firm's assets will rise
FinnZ [79.3K]

Answer:

True

Explanation:

When machine is purchased, then the assets increase by the carrying or purchase value of the machine purchased. Here, it is of $1 million.

Further, when it is purchased as against any credit, it creates a liability with the same amount.

Since here also the liability amount = $1 million, it will be recorded with the same.

As there is no involvement of Equity or Retained earnings this do not lay any impact on carrying value of owners equity.

Thus, it is True.

6 0
3 years ago
Which of the following is not a type of consumer credit?
Masteriza [31]
Automobile loans is not a type of consumer credit
8 0
3 years ago
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All of the following are alternative forms of institutional advertisements EXCEPT:
forsale [732]

Answer: B. Public Service

Explanation:

There are 4 alternative forms of institutional advertisements being;

  1. Competitive - These types of adverts aim to show that the product presented is better than that of the competitor by showcasing its benefits and features.
  2. Reminder - As the term implies, this advertisement is meant to remind you. Remind you of the product being offered and how it has been beneficial to you.
  3. Pioneering - This is for products that are just starting out and need to be introduced to inform the market of its existence.
  4. Advocacy - These focus on telling the audience the position a company has on an issue.

These are the four alternative forms of institutional advertisements and Public Service is not one of them.

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Someone with the skills mentioned above would be great as (A) a credit analyst.

A credit analyst is <u>a person working in finances whose main job is to assess the creditworthiness of companies, individuals, and securities. </u>

Credit analysts are usually employed by public or private financial institutions (both banking or non-banking).

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2 years ago
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