Answer:
Option C
Explanation:
The reason is that the health insurance plan helps the insurer to limit the risk of paying one off payment to contribute for his or her health so it can help to shift this risk to another party (Health Insurance Company) by contributing a small amount of money.
Furthermore, the insurance planning also helps in accepting the level of risk to shift to the insurance company and retain the risk share to itself because the person might think he will not face such risks in future.
The paying for health insurance might be more expensive than the original expense because their are chances that the person doesn't gets ill because he follows proper diet plans, is health conscious and take exercise daily. So paying for health insurance becomes a burden. So the option C is incorrect.
Answer:
Value Analysis
Explanation:
A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.
Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.
Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.
Answer:
An imprest fund has the <u>same</u> balance at all times, which equals the sum of <u>cash in the fund </u>plus the<u> total of the tickets </u>that support payments from the fund. The internal control feature of an imprest fund is that it <u>clearly Identifies </u>the amount of money for which the fund custodian is responsible.
Answer:
The correct answer is letter "B": Depreciation reduces the book value of assets
.
Explanation:
Depreciation shows how much and the value of the assets was used up. This also aims to balance an asset's cost to the revenue that the asset has helped the business gain. Used as an income tax deduction, depreciation calculations offer businesses an annual allowance for the use and deterioration of tangible (physical) assets.
<em>Depreciation reduces the book value of assets because, after the depreciation calculation is done, the amount computed decreases the current value of the asset it represents.</em>
Prioritize, c. set your priorities straight before anything else