An employer has 2500 employees. They may want to consider self-insurance for their health benefits plans and workers' compensation plans because the employers can use duplication of exposure units in the insurance plans
<h3>What is Self-Insurance?</h3>
This refers to the type of insurance for oneself or one's interests by maintaining a fund to cover possible losses rather than by purchasing an insurance policy.
Hence, we can see that An employer has 2500 employees. They may want to consider self-insurance for their health benefits plans and workers' compensation plans because the employers can use duplication of exposure units in the insurance plans
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Answer: B - beyond the control of either party to the escrow
Explanation: An Escrow account is a legal term used where funds are held in trust whilst two or more parties complete a transaction.
An Escrow is a trusted third party that will be in custody of the funds during the cause of the transaction and will be the one to pay the merchant after all the escrow agreement are fulfilled.
Escrow account reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied. It apply mainly to real estate transactions.
Answer:
Confirmation bias.
Explanation:
Confirmation bias is defined as the tendency for an individual to recall and favour information that confirms one's previous beliefs or hypothesis. It is a form of cognitive bias.
In the given example Joe only accepted information that would confirm his belief that there are fewer cars on the road (that is his commute is now shorter).
He however rejected the information that he now works the night shift, a period when traffic is low.
Answer: c. only final goods to avoid double counting when including intermediate goods
Explanation:
The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.
When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.
For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.
Answer:
Secretary are rich source of information about a prospect and important for successful sales call.
Explanation:
Brandi's supervisor is only trying to establish a relationship and also a general knowledge base about the prospect from the secretary because they tend to be rich In Information and well detailed about their boss, this information the sales supervisor is gathering will come handy when he finally meets the prospects as that might be a leveling ground whereby he can launch his sales idea to the prospect.
The Secretary also have the to do list of the boss per day and help plan schedule over time so they can always chip in the sales representative in for subsequent meet up and that can only happen if a great connection was established in the first meeting.