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3 years ago

using names or titles that have tendency to misrepresent the true nature of a policy is an example of what illegal practice

Business

1 answer:

Mazyrski [523]3 years ago

6 0

Answer:

Twisting

Explanation:

Twisting involves using names or titles that have tendency to misrepresent the true nature of a policy. It is an illegal practice done by some insurance manager or agent, as it involves twisting the truth about insurance policies.

For instance, an insurance agent who replaces an existing life policy for an insured individual with a new one by using misleading tactics, such as changing the name or title of the life policy is engaging in insurance twisting. The insurance agent usually induce or persuade the insured (existing policy holder) to take another policy by misrepresentation of the policy.

These agents usually engage in insurance twisting so as to get commissions from the insurance transaction at the detriment of their clients.

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If the actual level of activity is 4% less than planned, then the fixed costs in the static budget should be decreased by 4% bef

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Answer: false

Explanation:

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3 years ago

While researching the feasibility of converting her company's products to solar energy, Hailie reads several reports on innovati

Marina CMI [18]

Answer:

d. generate her own conclusions and recommendations.

Explanation:

Analyzing the information in the question above, the most suitable option for Hailie's company would be to generate its own conclusions and recommendations, since there are two approaches, positive and negative about innovations in the use of solar energy, so it would be ideal for Hailie to use the approach that best suited her company, for that she could analyze whether the energy benefits for the company's products would meet the high costs and thus draw her own conclusions.

This can also be a strategy for positioning the company that can generate value for stekolhders, since the use of sustainable products and energies is a highly valued issue today, where companies are seen as active agents of social and environmental development and protection.

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3 years ago

In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil

serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

Learn more about tax liabilities at brainly.com/question/7409145

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2 years ago

In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 320 units at

Sidana [21]

Answer:

(a) $1,760

(b) $1,100

Explanation:

Given that,

Skysong, Inc. made three purchases of merchandise:

(1) 320 units at $5

(2) 420 units at $7

(3) 520 units at $8

Units on hand at the end of the period = 220

(a) Under FIFO method,

cost of ending inventory:

= Units on hand at the end of the period × $8 (From the last purchase)

= 220 × $8

= $1,760

(b) Under LIFO method (Comprise units from the first purchase),

cost of ending inventory:

= Units on hand at the end of the period × $8 (From the first purchase)

= 220 × $5

= $1,100

8 0

3 years ago

Briefly explain 3 ways in which multinational corporations are developed

NemiM [27]

<h2>Hiii</h2><h2>HERE'S YOUR ANSWER</h2>

<h3 />

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :

(a) Jointly with some local companies of the existing country.

(b) Buy the local companies and then expand its production with the help of modern technology.

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3 years ago