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3 years ago

All of the following are considered to be typical characteristics describing the nature of an insurance contract EXCEPT

Business

1 answer:

slavikrds [6]3 years ago

3 0

Answer:

Bilateral

Explanation:

According to my research on the different terms used when referencing an insurance contract, I can say that all of the answers provided except for Bilateral are considered typical characteristics describing the nature of an insurance contract. A bilateral contract is defined as an agreements between two parties in which each side agrees to fulfill his or her side of the bargain.

Since an insurance contract is a fund that the insurance company pays in the case of an accident in which the person is injured, there is only one party that agrees to fulfill their side of the bargain and that is the insurance company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Which type of business produces processed goods by changing raw goods into a more finished form?

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Answer:

Bakeries are known for turning raw goods into things like bread

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2 years ago

A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr

denpristay [2]

One thing that a process cost system cannot be used for from the given options is Motion pictures.

<h3>What is process costing?</h3>

This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.

Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.

Find out more on process costing at brainly.com/question/17129908

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2 years ago

A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a

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Answer:

$22,000 gain.

Explanation:

Please see attachment

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3 years ago

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Brilliant_brown [7]

Answer:

sole proprietorship

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

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3 years ago

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Aleksandr [31]

Answer:

1.6

Explanation:

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3 years ago