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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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Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the s
Alisiya [41]

Answer:

B. $183,000

Explanation:

Calculation to determine The amount of cash that will be collected in July is budgeted to be

Budgeted collection in July = July sales (190,000*35%) + June sales (210,000*45%) + May sales (110,000*20%)

Budgeted collection in July =$66,500 +$94,500 + $22,000

Budgeted collection in July=$183,000

Therefore The amount of cash that will be collected in July is budgeted to be $183,000

3 0
2 years ago
Generally, a business should consider insuring against an event when the risk
posledela

Answer:

A

Explanation:

The econimac situatiom will detertoarte further.

8 0
2 years ago
PAC money is directed primarily toward: a. liberal candidates regardless of whether they are incumbents or challengers b. congre
pogonyaev

Answer:

E) Congressional incumbents

Explanation:

PAC money is directed primarily toward congressional incumbents, and this can easily be verified on the web. For example, both Nancy Pelosi, a democrat, and Brian Fritzpatrick, a republican, are among the top incumbents by number of money received from PACs, thus, party affiliation is not as important as it is incumbent status.

This is probably because incumbents are more likely to win elections, whether in the senate, the house, or even, the presidency.

7 0
3 years ago
Managers who are responsible for just one organizational activity are known as ______ managers.a. specialist b. first-line c. si
omeli [17]

Answer:

d. functional

Explanation:

A functional manager can be described as a managers whose responsibility is to manage an organizational unit such as a department within an organization.

A manager can be given the responsibility to manager a specific department such as marketing, engineering, IT,  or public relations.

The primary role of a functional manager is to be in charge and manage  resources in his department, and to also to direct the technical work of people working on a project under his functional area.

Therefore, managers who are responsible for just one organizational activity are known as <u>functional managers</u>. The correct option is d. functional.

5 0
3 years ago
todd plans to purchase a life insurance policy from a stock life insurance company. What kind of policy is he planning to purcha
Tpy6a [65]

Answer:

The correct answer is B. Nonparticipating policy

Explanation:

It refers to the implementation of initiatives where the comments or considerations of the employees are not taken into account. In this type of actions, it is based on the utility for the totality of the persons of a company, and their acceptance by them is understood.

6 0
3 years ago
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