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Conversion privilege.
The correct answer is option D.
Under the conversion privilege, a person may leave the group term plan and keep their insurance without supplying proof of insurability.
Term life insurance plans, commonly referred to as convertible term life plans, frequently feature a conversion privilege. Even if they develop a significant health problem, the policyholder in this instance is still eligible to convert their policy to a permanent one without having to undergo a medical test. This clause essentially guarantees that the policyholder is still insurable despite a decrease in health.
The ability to convert to a permanent policy under a term life insurance policy will probably have an expiration date, and once the policyholder does so, premiums will probably increase. A policyholder with health issues, however, has the choice to keep their life insurance thanks to the conversion privilege. Due to their current health, individuals might have trouble getting coverage if they had to apply for a new policy.
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Answer:
Materials handling = Number of Requisitions
Machine setups = Number of Setups
Factory machine maintenance = Machine Hours Used
Factory supervision = Number of Employees
Quality control = Number of Inspections
Explanation :
Cost drivers are activities that are directly related to the Overhead Concerned or those activities that drive the occurrence of an overheads.
Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
Answer:
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
