Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>
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Explanation:
- A certificate of insurance is a document used to provide information on specific insurance coverage.
- The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
- Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
- The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
- A certificate of insurance is requested when liability and large losses are a concern.
- Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
When the economy is at full employment, the unemployment will be zero.
Given that the economy is present at full employment.
We are required to find the value of unemployment when the economy is at full employment.
Employment basically means the state of having a job or being employed. The person who employs is called the employer, and the person who is getting paid for providing services is the employee. It basically equals to total number of people working in an economy, people who want to work and are able to work.
So, when the economy is at full employment, the unemployment is near to zero.
Hence when the economy is at full employment, the unemployment will be zero.
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