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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 answer is scientific management. Scientific management is a theory of management that analyzes and produces a workflow. Its main aim is improving economic efficiency, especially labor productivity and is one of the earliest attempts to apply science to the engineering of processes and to management. The theory uses engineering science and mathematics to reduce waste and increase the efficiency of the methods and process of production.
4 0
3 years ago
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What information is necessary to calculate the after-tax return on investment (ROI)?
Alika [10]

Answer:

this one's a head scratcher. I believe it's a or b. hope that helps a little :)

7 0
3 years ago
The chief executive of Norell, an agency that supplies businesses with temporary workers, realizes that the health care industry
Rus_ich [418]

Answer:

D) Recognition of a need

Explanation:

The 5 stages of the buying process are:

  1. problem recognition (or recognition of a need): this is the first stage of the buying process. At this stage the buyer realizes that he/she has an unsatisfied need or want. The buyer will try to change his current state by satisfying his/her need.
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4 0
3 years ago
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If the firm is using a fixed-period lot size of two periods, what is the order size for the first order
Eva8 [605]

Answer:

The question is incomplete. The complete question is ---

Bunny Helpers, Inc., has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of week 6. An MRP planner has prepared the following table showing product structure, lead times (orders are lot-for-lot), and quantities on hand:

Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs; additionally one bottle of Alka-Seltzer is included for those who overindulge.

If the firm is using a fixed-period lot size of two periods, what is the order size for the first order?

280

120

200

160

150

The answer is 150.

Explanation:

For any organization, a lot size or order size is the amount or quantity of products to be made by them. It is the amount amount choosing to make or order.

MRP can be applied to the services when it is mostly focused on service components and material which is the part of that service process.

In the context, Bunny Helpers, have received an order for 100 basket of Deluxe Easter which is to be delivered at the starting  of the week.

Hence, for two periods of a lot size, the first order size should be 150 according to the MRP.

5 0
3 years ago
Required information {The following information applies to the questions displayed below. At the beginning of Year 2, the Redd C
kolezko [41]

Answer:

Assets:

Cash 8200 - 520 - 5243 - 820 - 620 + 9016 = 10,013

Receivables 9200 - 9200 = 0

Inventory 2200 + 5700 + 520 - 350 - 107 - 6200 + 520 - 383 = 1900

Liabilities:

Accounts Payable 5700 - 350 - 5350 = 0

Common Stock 7700 = 7700

Explanation:

Redd Company has incurred multiple transactions which will require adjustments before financial statements are prepared. These transaction will have effects on both sides of the accounts assets and liabilities. Common stock is not affected by the transactions as this is equity section.

8 0
3 years ago
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