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Sindrei [870]
4 years ago
12

Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not

licensed to sell insurance. As a member of the class of persons protected by the statute, Petra can:________.
a. only recover the amount of the premiums paid.
b. enforce the policy or recover the amount of the premiums paid.
c. only enforce the policy.
d. do nothing with respect to the policy.
Business
1 answer:
sineoko [7]4 years ago
7 0

Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

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Flawed ways to pursue competitive efforts that will successfully differentiate a company's branded footwear from the branded off
Reika [66]

Focusing only on one differentiating feature is a flawed way to pursue competitive efforts that will differentiate a business.

<h3 /><h3>How is differentiation effective?</h3>

Differentiation is a competitive advantage that occurs through market segmentation, the positioning of the company and its products and services. Must meet the criteria:

  • Importance
  • Spotlight
  • Exclusivity
  • Accessibility
  • Superiority
  • Profitability

Therefore, a company that wants to differentiate itself from its competitors must focus on several resources that help change the consumer's perception of differentiation.

Find out more about competitive advantage here:

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4 0
2 years ago
which account is least likely to have a subsidiary ledger? a. sales b. accounts receivable c. fixed assets d. inventory
Anna007 [38]

Sales account is least likely to have a subsidiary ledger, so the correct answer is (a).

All sales transactions are documented in a sales account. Both credit and cash sales are included in this. The net sales amount that appears at the forefront of the income statement is determined by adding the account total to the sales returns and allowances accounts. A current client could also be referred as a sales account. A customer becomes a marketing account once a sale has been made to them. In order to arrive at a number referred to as net sales, the achieve business is typically merged with the returns and allowances account.

Learn more about sales account here:

brainly.com/question/29222039

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5 0
1 year ago
Juan Carlos originally hoped to purchase a home. However, because he could not earn enough money to ever afford one, he decided
Ivenika [448]

Answer:

Retreatism

Explanation:

Retreatism -

It is the concept or the methodology , which states that a person resigning the traditions of the society's idea of success and creating their own way of happiness and self satisfaction , is known as the method of Retreatism .

Same case is shown in the question , where Juan Carlos adapted the idea of Retreatism , in order to attain a happy life , by leaving his job and moving to the woods and enjoying the solitude .

5 0
3 years ago
Which of the following is a common risk of using credit to make purchases
DochEvi [55]

Answer:

overspending

Explanation:

Credit purchases encourage one to spend more than they can afford. The fact that the sellers do not demand cash when goods change hands entices people to buy more. In credit purchases, cash is not required, only a commitment to pay later, which leads to overspending.

Overspending increases the probability of defaulting on credit payments. When the debt to income level rises too much, the borrower may be forced to miss some installment payments and cater to basic needs.

6 0
3 years ago
Which of the following are correct descriptions of large corporations? a) Managers no langer have the incentive to act in their
balu736 [363]

Answer:

<u>b) The corporation survives even if managers are dismissed.</u>

<u>c) Shareholders can sell their holdings without disrupting the business.</u>

<u>Explanation:</u>

The above statements are correct descriptions of large corporations if consider;

1. A corporation is viewed as a legal entity, and so is believed to exist (survive) even if those who manage the corporation are dismissed.

2. Put simply, a shareholder holds some owns certain decision rights of a  corporation, thus, the shareholder can decide to sell their holdings to an interested party. However, the business would not be disrupted, as only the holdings of a particular shareholder were sold, and the new shareholder would normally want the best interest of the company that's why he made the deal.  

3 0
3 years ago
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