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3 years ago

Which is not an advantage of a personal professional liability policy? Select one:

Business

1 answer:

Alexus [3.1K]3 years ago

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The disadvantage of a personal professional liability policy is that it is expensive.

Option - a.

<u>Explanation:</u>

Proficient risk protection (PLI), additionally called proficient repayment protection (PII) yet more normally known as mistakes and oversights (E&O) in the US, is a type of obligation protection which ensures proficient guidance and administration giving people and organizations from bearing the full cost of shielding against a carelessness guarantee made by a customer, and harms granted in such a common claim.

The inclusion centers on supposed inability to perform with respect to, budgetary misfortune brought about by, and mistake or oversight in the administration or item sold by the policyholder. These are foundations for lawful activity that would not be secured by a progressively broad risk protection arrangement which tends to more straightforward types of damage.

Proficient risk protection may take on various structures and names relying upon the calling, particularly medicinal and lawful, and is once in a while required under agreement by different organizations that are the recipients of the exhortation or administration.

Inclusion now and then accommodates the safeguard costs, including when lawful activity ends up being unfounded. Inclusion does exclude criminal arraignment, nor a wide scope of potential liabilities under common law that are not identified in the arrangement, yet which might be dependent upon different types of protection. Proficient risk protection is legally necessary in certain zones for particular sorts of expert practice.

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__8. A local government has a limited

galina1969 [7]

Answer:

Benefits enjoyed by not having trash in unused building and vacant plots

Explanation:

Opportunity cost is the foregone benefit by deciding in favor of one item over the others. It is the value of the forfeited option. Opportunity cost is quantified as the cost of the next best alternative.

The local government has two options; to support local businesses or two remove trash from buildings. It has opted to support local businesses. Removing trash is the foregone benefit. The joy of having trash-free buildings and plots is the forfeited advantage. The value of a clean surrounding or the benefits derived by not having trash in the neighborhood is the opportunity cost.

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3 years ago

A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known

Damm [24]

Answer:

The correct answer is letter "B": investment center.

Explanation:

Investment centers are units within a firm that generate their own revenue, reporting Financial Statements and Income Statements. Those benefits are eventually used in the diverse financing activities necessary for the corporation's processes. A typical example of an investment center is a department store of an entity.

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3 years ago

Suppose at the end of the meeting that Jack agrees to offer the restaurant buyout, including the non-competition agreement. Prio

loris [4]

Answer:

D) Yes, as long as he actually communicates the revocation to Hal and Sophia (or their agent) prior to acceptance.

Explanation:

In contract law, an offer can always be taken back as long as the other party hasn't accepted it yet. In this case, Jack agreed to make an offer about the restaurant and he even included certain details that apparently were important (non-competition agreement), but since Hal and Sophia haven't accepted it yet, Jack can take it back without fear of any claim being made against him. All he has to do is communicate his decision of taking back his offer to either Hal or Sophia, or their agent (if there is one).

3 0

3 years ago

If labor productivities were exactly proportional to wage levels internationally, this would A) not negate the logical basis for

Irina18 [472]

Answer:

A)not negate the logical basis for trade in the Ricardian model.

Explanation:

Trade can be regarded as basic economic concept which involves the buying as well as selling of goods and services, having a compensation that is been paid by a buyer to a seller.

The Ricardian model can be regarded as model that incorporates the standard assumptions of a perfect competition. This model in it's simplest form give assumption of two countries that are producing two goods, but uses one factor of production, the goods here are usually assumed to be identical, or to be homogeneous, within as well as across countries. It should be noted that when there is higher wage, there will be greater number of workers that are willing to work and vice versa, which defined the relationship between wages and productivity. productivity gives the

measurement of how efficiently labor

is been utilized when producing goods and services.

It should be noted that If labor productivities were exactly proportional to wage levels internationally, this would not negate the logical basis for trade in the Ricardian model.

3 0

2 years ago

Macroeconomics is best defined as the study of

just olya [345]

Answer:

1. the overall operation of the national and global economy.

2. The B she received on the exam.

3. the slope of the graph is negative.

4. the slope of the graph is positive.

5. graphically illustrates the concept of scarcity.

6. increasing opportunity cost.

Explanation:

1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.

Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. The opportunity cost of going to the beach is the "B" grade she received on the exam.

In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.

3. When two variables have an inverse relationship, then the slope of the graph is negative.

An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.

4. When two variables have a direct relationship, then the slope of the graph is positive.

A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.

5. The production possibilities curve graphically illustrates the concept of scarcity.

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.

The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.

7 0

2 years ago