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notsponge [240]
3 years ago
14

Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are

) true? I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market.II.Retention is used more during a "soft" market than during a "hard" market.I onlyII onlyboth I and IIneither I nor II
Business
1 answer:
valentinak56 [21]3 years ago
6 0

Answer:

I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market

I only

Explanation:

When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.

The market condition can be a soft market or hard market.

Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.

Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.

It is more difficult to get affordable insurance in this market

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The Technix Computer Corp recently finished construction of a customer service phone center in New Dehli, India. Phone center ag
kkurt [141]

Answer:

True

Explanation:

American employees are not considering the cultural differences with India, and how a new employee is probably expected to behave according to Indian culture.

American culture or really any western culture (North and South America, most of Europe and Australia + NZ) tends to be much more open. But we are really a minority of the world's total population, about 20% only. On the other side, Asian cultures are much more rigid and structured, and respect is very important to them.

Probably remaining silent is a way of showing respect, at least during the first time that they meet strangers.

5 0
3 years ago
Help i need help know plzzzzzzz
Alisiya [41]

Answer:

8+12=+(12—8)=4 l3+(—6):+(l3—6):7 Copyriglat 2013 Cengage Learning. ... 5 43 8 6, 6, , 0, , 1, 2, 2, , 6 π − − − (a) Natural numbers: { } 1, 2, 6 (b) Integers: { } 6 ... 2, 6 − (c) Rational numbers: { 5 4 6, , 0, − } 3 8 , 1, 2, 6 − (d) Irrational numbers: ... x = Inequality: 200 700 x ≤ ≤ The number line shows 2.5 2 − <

Explanation:

7 0
3 years ago
1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prep
Nat2105 [25]

Answer:

Cost of goods manufactured= $3,120

COGS= $2,750

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Cost of goods manufactured:

beginning WIP= 0

direct materials= 2,200

Direct labor= 1,000

Factory overhead= 520

Ending work in process= 600

Cost of goods manufactured= $3,120

<u>Now, we can determine the cost of goods manufactured:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 3,120 - 370

COGS= $2,750

4 0
3 years ago
3 Points
tangare [24]

Answer:

C - An online boutique

Explanation:

E-commerce refers to commercial transactions that are done online through the internet. This implies that whenever we purchase and sell something through the Internet, you are concerned with e-commerce. There are multiple ways to list e-commerce websites.we can classify them according to the commodities or services that they sell, the people that they transact with, or even the platforms on which they work.

An online boutique is an example of E-commerce because it is being done through the internet.

6 0
3 years ago
Wilson is currently producing a component for one of its products. Wilson has received an offer to buy the component from an out
lorasvet [3.4K]

Answer:

Option B                                      

Explanation:

In simple words, avoidable costs refers to those expenditures which can be avoided by the management of the business if they want to as such expenditures are usually made for additional support.    

Irrelevant costs include factors which will not be impacted by a management action, whether positively or negatively. Consequently, unnecessary factors, such as static overhead as well as sunken factors, are overlooked in making the choice. Nonetheless, in addition to ultimately save the company it is important for a management to be able to discern an insignificant expense.

6 0
3 years ago
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