All categories

2 years ago

What is the benefit of purchasing a generalized insurance policy?

Business

2 answers:

Semenov [28]2 years ago

5 0

Answer:

The correct answer is letter "B": rules out buying extra policies in the future.

Explanation:

General insurances provide coverage in almost every field such as automotive, home, health, travel and so on but, it does not provide insureds any benefit in front of death. In that sense, insureds do not need to purchase one insurance per each field. They would suppose to need only life insurance in addition to general insurance.

Alika [10]2 years ago

4 0

The benefit of purchasing a generalized insurance policy is that rules out buying extra policies in the future. This will help the consumer to have a peace of mind because the consumer will be assured that they will get something out of this in the future.

You might be interested in

Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are i

wariber [46]

Answer and Explanation:

The computation is shown below:

1. Calculation of the equivalent units

Particulars Physical units % Material % Conversion cost

Units transferred

out 900 100% 900 100% 900

Ending

work in process 600 100% 600 40% 240

Equivalent

units 1,500 1,140

2. Cost per equivalent unit is

Particulars Material Conversion cost

Beginning

inventory $750 $600

Cost during

period $2,400 $2,820

Total cost $3,150 $3,420

Divided by

Equivalent

units $1,500 $1,140

Cost per

equivalent unit $2.1 $3

3. Transferred out cost is

= (3 + 2.1) × 900

= $4,590

And, the ending work in process cost is

= (600 ×$2.1) + (240 × $3)

= $1,960

2. Now the preparation of the production report is presented below:

Beginning work in process $1,350

Cost during period $5,220

Total cost accounted for $6,570

Transferred out cost $4,590

Ending work in process $1,960

Total cost accounted as $6,570

3 0

2 years ago

Which of the scenarios are examples of free-riding?

bezimeni [28]

Answer:

b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.

. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64.

Explanation:

Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.

Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.

Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.

I hope my answer helps

3 0

3 years ago

Which of the following countries is on the best terms with North Korea and has demonstrated this in their treatment of 2010 even

AysviL [449]

Hi,

The answer is China

Over time, China has demonstrated their support to North Korea. In 2010 North Korea attacked with artillery the island of Yeonpyeong, where there were civilians, and South Korea responded by attacking North Korea's artillery.

Tensions scaled, and although most world governments condemned the attack, China's Ministry of Foreign Affairs didn't explicitly condemn the bombarding by North Korea and only made a call to peace in the Korean Peninsula.

4 0

2 years ago

Câu hỏi em gửi trong hình ạ. Mong mn giúp đỡ

GaryK [48]

I Dont know hehehehe

6 0

2 years ago

Supplemental liquidity providers (slps) trade securities on behalf of:

ivanzaharov [21]

SLPS trade securities on their own behalf (not for someone else).

5 0

3 years ago