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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 of the following represents procurement as part of the support value activities in a value chain analysis?

ArbitrLikvidat [17]

Answer:

E. Purchasing inputs such as raw materials, resources, equipment and supplies

Explanation:

In business, Procurement is the process of acquiring goods/services in order to support operational activities.

It includes all the aspects related to a purchase: price ( estimates, biddings ) , payment terms, good specifications, quality, delivery, volumes, etc.

8 0

3 years ago

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

xeze [42]

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

3 0

3 years ago

Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need no

kifflom [539]

Answer:

Letter b is correct. If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.

Explanation:

This statement is the most appropriate to answer this question about competitive advantages, because a competitive advantage can be described as a certain advantage that an organization has in relation to its competitors. Some of these advantages may be greater access to raw materials, more qualified labor, barriers to entry, geographic location, differentiation of products and services, etc.

Therefore, when several competitors adopt similar differentiation tactics, the consumer does not have enough attributes to differentiate one brand from another, so all competitors can be perceived as equal in the consumer's mind.

6 0

3 years ago

During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac

scoundrel [369]

Answer and Explanation:

The journal entries are shown below:

a. Raw material inventory $17,500

To Account payable $17,500

(Being raw material inventory purchased on account)

b. Factory labor $39,900

To Factory wages payable $30,800

To Employer payroll tax payable $9,100

(Being factory labor is recorded)

c. Factory Overhead $16,170

To Factory Utilities payable $3,500

To Prepaid Factory property taxes $2,770

To Accumulated Depreciation $9,900

(Being Manufacturing costs is recorded)

6 0

3 years ago

Using the fixed-order quantity model, which of the following is the total ordering cost of inventory given an annual demand of 3

Gennadij [26K]

Answer:

E) $2,400

Explanation:

optimal order quantity = sqrt{(2*D*S)/H}

= sqrt{(2*36,000*$80)/$4}

= $1,200

number of orders per year = $36,000/$1,200

= $30

total ordering cost = $30*$80

= $2,400

Therefore, The total ordering cost of inventory is $2,400.

3 0

3 years ago