The correct answer is letter a. Activities related to selecting acceptable risks so that general insurer objectives are met. Underwriting is best described as "<span>Activities related to selecting acceptable risks so that general insurer objectives are met."</span>
Here are the choices
a. Activities related to selecting acceptable risks so that general insurer objectives are met.
b. Actuarial science
c. Production-related activities performed primarily by agents in the field
d. Process of developing pricing structures for insurance, often performed by an actuary
e. A function most often performed by adjusters
Answer:
Opening Cash Balance = $ 12,000
Add: Expected receipt = $ 30,000
Total Cash Available = $ 42,000
Less: Cash disbursement = $ 34,500
Less: Minimum Balance = $ 10,000
Closing Balance = ($ 2,500)
Therefore, company must borrow = $ 2,500
Answer:
The correct option is D) migration of high level talent
Explanation:
Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the migration of high level talent to the financial sector.
Known for their continued success and almost impenetrable fortress, Renaissance Technologies (RenTech) continues to thrive with a net worth of US$ 110 billion as of June 30, 2019.
Their mode of operation is uncommon and their human resource was drawn from a bunch of mathematicians and very skilled scientists.
This hedge fund specializes in systematic trading using quantitative models derived from mathematical and statistical analyses.
Their success is not unconnected with the migration of high level talent into the financial sector.
Answer:
d. They do not change the quantity of goods bought or sold in the legal market.
Explanation:
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.
Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.
Answer:
d. Market A will have a higher price than market B
Explanation:
As we know that in the non elastic market, the seller could charge the high price while on the other hand in the elastic market it can charge a smaller price
as if there is an inelastic demand than it would leads to 1% rise in price that decrease the quantity demanded by smaller than 1%. Also if the price increased the total revenue also rises
And if there is an elastic demand than it would leads to 1% rise in price that decrease the quantity demanded by more than 1% and the price increased the total revenue is decreased
As it is given that the Market A contains more inelastic demand than market B so the seller charged a high price in market A than in Market B
Hence, the last option is correct
