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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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3 years ago
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A simple economy produces two goods, Bread and Technical Manuals. Price and quantity data are as follows:Production and Prices i
DENIUS [597]

Answer: (1) 120,675

(2) 60,450

Explanation:

(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price × Year 2 quantity)

                                              = 150 × 4.50 + 1,200 × 100

                                              = 675 + 120,000

                                            = 120,675

(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)

                                        = 3 × 150 + 50 × 1200

                                       = 450 + 60,000

                                        = 60,450

4 0
3 years ago
Many store brands use packaging and labeling that is similar to the more expensive national brand. The hope is that the look-ali
olga nikolaevna [1]

Answer:

Stimulus generalization

Explanation:

Stimulus generalization defines that it is the process of call up for a reason by giving responses. For example we call dog by using the bell so that dog can come for food.

Therefore according to the given situation, Many store brands use similar packaging and labeling to the more expensive big company. The idea is that in customers, the look-alike kit would evoke a similar reaction that allows them to buy the affordable store brand so this is an example of Stimulus generalization

6 0
3 years ago
Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The com
solong [7]

Answer:

4 years

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Payback period is the time in which a project returns back the initial investment in the form of net cash flow.

Initial Investment = $280,000

Net Income = $20,000

To calculate the net cash flows add bask the depreciation expense in Net income each year.

Depreciation = ($280,000 - $30,000) / 5 = $50,000

Net Cash Flow = $20,000 + $50,000 = $70,000

Payback period = Initial Investment / yearly cash flow = $280,000 / $70,000 = 4 years

5 0
3 years ago
The acquisition of land by issuing common stock is
stiv31 [10]
For the answer to the question above, t<span>he acquisition of land by issuing common stock is </span>a noncash transaction that is not reported in the body of a statement of cash flows. So the answer is A. 

I hope my answer helped you.
5 0
3 years ago
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