Answer:
Misstatement of age
Explanation:
If the insurance company knows that a person has intentionally lied about his/her age, they will adjust the insurance amount and premium to match the correct age of the insured. E.g. in this case, Lisa will probably be required to pay a higher premium on her policy, and depending on her age, the insurance amount might be lower.
Answer:
C. $21,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
The next best option for the sole proprietor took is to work at the large firm. Thus her opportunity cost is $35,000.
If the capital wasn't used in setting up the business, it would have earned $22,000. This amount is its opportunity cost.
Total opportunity cost = $22,000 + $35,000 =$57,000
Accounting profit = $78,000 - $57,000 = $21,000
I hope my answer helps you
Studies of the effective organizational culture on employee perception of work environment suggests that the culture focused on Group relationships
<h3>What is
organizational culture?</h3>
Historically, there have been disagreements among researchers about how to define organizational culture.
The definition of organizational culture refers to the structure of an organization, such as a company or non-profit, as well as its values, sociology, and psychology. Philosophy, values, expectations, and experiences are some examples of organizational culture.
The mission, objectives, expectations, and values that guide a company's employees are referred to as its organizational culture. Organizational cultures are more successful than less structured businesses because they have systems in place to promote employee performance, productivity, and engagement.
To know more about organizational culture follow the link:
brainly.com/question/26965722
#SPJ4
Answer: When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include: <u>"C. A debit to Allowance for Doubtful Accounts".</u>
<u />
Explanation: Registration would be: Debit to "Allowance for Doubtful Accounts" and Credit to "Accounts Receivable".
Example:
--------------------------------------- . -----------------------------------
Allowance for Doubtful Accounts 100
Accounts Receivable 100
--------------------------------------- . ------------------------------------
The statement that the people very sensitive in taking risks totally avoid risks whenever possible is a TRUE statement. Such people do not fall under the category of risk-takers.
Risk ability is referred to as the desire to take risk based upon their risk profile and factors contributing to such decision like age, financial stability, responsibilities, etc.
<h3>Risk profile </h3>
- The person who are willing to take risks and move ahead are called the risk-takers. Whereas, people who are very reluctant and hesitant in taking risks are referred as the risk aversers in business terms.
- Risk aversion is the condition in which the person might not accept the difficult and extra rewarding alternative as there is a risk involved given that factors like age, stability, responsibilities, etc. also apply.
- To explain this, it can be stated that a risky investor doesn't sell off his securities if their market value is declining, however a risk sensitive person will sell them early to avoid further losses.
Hence, the statement regarding the risk sensitive person's ability to avoid risk whenever possible is TRUE.
To know more risk profile, click the link below.
brainly.com/question/7128161