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Crank
3 years ago
7

Melody's car was damaged when another driver ran a stop sign and hit her car. Melody decided to collect from her own insurer and

to let her insurer recoup the loss payment from the negligent driver who hit her. What fundamental legal principle is illustrated in this scenario?
A) the principle of utmost good faith
B) the principle of insurable interest
C) the principle of subrogation
D) the principle of reasonable expectations
Business
1 answer:
Nezavi [6.7K]3 years ago
7 0

Answer:

C) the principle of subrogation

Explanation:

Principle of subrogation says that when the insured makes a claim on damage by a third party, the insurance company pays the insured and then recoup from the third party.

Basically the insurance company is taking over the legal right from Melody to get settlement from the negligent driver.

The insurance company will get the loss payment now directly from the negligent driver.

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Marissa is preparing a cash budget for the Chief Financial Officer. What is this an example of?
swat32

Answer:      

Managerial accounting

Explanation:

Managerial accounting refers to the process to classify, calculate, assess, analyze, and convey financial data to executives to achieve the objectives of a company. It differs from financial reporting since the primary objective of managerial accounting is to support people in creating well-organized business decisions within the corporation.

Managerial accounting includes several aspects of accounting designed to improve the standard of the education given to administration regarding indicators of the commercial business. Management accountants utilize details about both the expense and sales income of the firm's produced products and services.

7 0
3 years ago
You are the lead team member of a warranty claim team within the Andrews Company. Your team has had an average year, with profit
enot [183]

Answer:

"Perhaps we should explore which stakeholders would stand to win or lose from such a decision."

Explanation:

An ethical decision is one that is aimed towards generating trust from other parties. It shows responsibility, fairness, and caring towards a person.

In this scenario your manager suggests you postpone processing any existing claims in the 4th quarter until the new fiscal year (some claims are as high as $150,000).

The best ethical response will be - Perhaps we should explore which stakeholders would stand to win or lose from such a decision.

This will result in self reflection about who will be affected by the decision. The consideration will not be just the immediate 4th quarter impact of postponing the warranty claims.

This is the most ethical decision among the options.

5 0
4 years ago
Carlos has a small fashion company. He has been in business for a little over a year and the company looks like it is going to d
Vika [28.1K]

Answer: A.Venture capital firm

Explanation:

Carlos's company is a new business. One with growth potential and less than a year under it's belt and yet it has done some work with Calvin Klein. He now needs capital to continue the momentum and there is a specialized finance vehicle for people like him, Venture Capitalism.

Venture Capitalism refers to Venture Capital firms investing funds in growing or starting businesses. They have a high risk appetite which enables them to go into business with new firms. The key criteria is that there MUST be high Growth Potential.

Their strategy is simple, they invest in a new company in exchange of a certain amount of ownership of the business and then 4-6 years later exit the company when they are bought out.

Carlos's business is growing and has huge potential, if he doesn't mind sharing some of his ownership, Venture Capitalism is the best way to go.

4 0
3 years ago
Read 2 more answers
Can a notary advertise saying on time 24/7. Is this allowed
Brut [27]

Answer:

A Notary Signing Agent creates a new advertisement in the local Pennysaver that uses the phrase "On time 24/7." Is this allowed? Yes, this is allowed.

6 0
3 years ago
This type of cover letter style does a side by side comparison of an employer’s requirements and an applicant’s experience:
Levart [38]

Answer:

B

Explanation:

Got it on edge 2020

3 0
3 years ago
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