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Mariana [72]
4 years ago
11

Mike says, "The possibility that my house may burn isa pure risk for me, but if I buy insurance, it is a speculativerisk for the

insurance company." Do you agree? Why or
Business
1 answer:
PilotLPTM [1.2K]4 years ago
3 0

Answer:

I agree with Mike because pure risks involve only possible losses. Since he owns his house, the possibility of it burning down would represent only a loss to him.

But if he buys insurance, he will pay an insurance premium which means that if the house burns down, the company will lose money, but if the hose doesn't burn down, the insurance company will make a profit. This represents speculative risk because the possibility of a gain and a loss exist.

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When the demand curve shifts to the left and all else is held constant, the equilibrium price ________ and the equilibrium quant
rewona [7]

When the demand curve shifts to the left and all else is held constant, the equilibrium price <u>falls</u> and the equilibrium quantity <u>falls</u>.

<h3>The types of chart.</h3>

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:

  • Supply schedule
  • Demand schedule

<h3>What is an equilibrium?</h3>

An equilibrium can be defined as the point on a supply and demand chart where the demand curve and the supply curve intersect.

In conclusion, the equilibrium price and the equilibrium quantity would <u>fall</u> when the demand curve shifts to the left and all else is held constant.

Read more on equilibrium here: brainly.com/question/2000166

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6 0
2 years ago
the category of information system that is used to process business event data at the operational level of the organization is​
AfilCa [17]

The information system category that is used to carry out processing for business event data at the operation level is Transaction processing systems (TPS).

<h3>What is Transaction processing systems (TPS)?</h3>

Transaction processing systems (TPS) refers to a type of information system that businesses use to record their day to day activities at the operational level.

This system is therefore important because it ensures that a business keeps track of its event data.

Find out more on Transaction processing systems (TPS) at brainly.com/question/27506004

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4 0
1 year ago
Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department,
zmey [24]

Answer:

Explanation:

To complete WIP

Conversion: 16,100 units × (100% – 20%)      12,880

Units started and completed (101,000-16,100)      84,900

Ending work in process:  

Conversion: 13,100 units × 30%        3,930

Equivalent units of production    101,710

Cost added during the period $ 594,123

Equivalent units of production      101,710

Cost per equivalent unit $               5.84

5 0
3 years ago
Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avo
svet-max [94.6K]

Answer:

1 Needless and preventable machine injuries related

Explanation:

Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avoid? Heavy engineering businesses encourage their employees to use safety equipment, such as gloves and protective clothing, to avoid risks.

1 Needless and preventable machine injuries related

8 0
4 years ago
Read the sentence below. Using your reading strategies, determine which two words are a minimalpair.
emmasim [6.3K]
The answer C because it is minimal pair
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