An waste of money you can get better stuff
Correct/Complete Question: An insured is entitled to coverage under a policy that a prudent person would expect it to provide. This principle is called
A. Adhesion
B. Reasonable sensibility
C. Reasonable expectations
D. Insurable interest
Answer:
C, Reasonable expectations
Explanation:
Reasonable expectations is a legal concept in that says that an insured is entitled to coverage under a policy that a prudent and reasonable person would expect it to provide.
Alternatively, reasonable expectation could be said to be something one has good claims to expect will be done or is supposed to be done.
Cheers.
Answer:
The statement is: False.
Explanation:
The cost of borrowing money is the Interest Expense. On an Income Statement, interest expense is shown as a non-operating expense. Tax expense represents the total amount of taxes an individual or organization is responsible for. On an Income Statement, tax expenses are recorded as tax payable.
<em>Neither interest expense nor income tax expense is considered in the general or administrative budget since they are complicated to estimate because both of them rely on the actual production of the firm during the course of its operations.</em>
Answer:
The correct answer is Option (E).
Explanation:
According to the scenario, the given data are as follows:
Worker Wage = $8
Rate of corn bushel = $2.75
Work done = 3 bushels per labor hour
So, from this we can calculate the marginal revenue of product,
Marginal revenue of product = Rate of corn bushel × Work done
= $2.75 × 3 = $8.25
As, Marginal Revenue > Wage
More marginal revenue means more profit.
Hence, Mr. Cobb should hire more labor because the marginal revenue product exceeds the wage.
