1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
3 years ago
10

Explain how insurance companies use risk pooling to generate a profit for their

Business
1 answer:
gavmur [86]3 years ago
6 0

Answer: By creating risk pools, insurance companies help spread the risk and avoid the type of massive payout required after a catastrophic loss. It is a form of risk management for insurance companies. If a claim is made for reimbursement due to that catastrophic loss, the participating insurance companies spread the loss among themselves.

Explanation:

You might be interested in
Adjectives are used to describe personality traits. True False
Vlada [557]

Adjectives can be used to describe personality traits (e.g. stern, funny, boring, etc.) but they're not exclusively for personality traits. You can be describing something else using adjectives.

But in this case, I'd say it's true.

6 0
4 years ago
Suppose Foreign (Upper F )imposes a tariff on imports from Home (Upper H ). All else​ equal, this action will cause the​ long-ru
Orlov [11]

Answer:

D. increase; decrease

Explanation:

When foreign imposes a tariff on import from home then there will be decreaing the import leading to a decreased demand of domestic currency by foreigners.

Therefore, domestic currency will depreciate and foreign currency will appreciate thus this action will lead to real home/Foreign rate to increase and will decrease the nominal home/foreign exchange rate.

5 0
3 years ago
What is plagarism in a essay ​
WITCHER [35]

Explanation:

copying another form of writing

7 0
3 years ago
Read 2 more answers
Smith Company reported $350,000 in book income before income tax during 20X1, its first year of operation. The tax depreciation
Sloan [31]

Answer:

$73,500

Explanation:

Income tax payable = Book income before income tax*Tax rate

Income tax payable = $350,000*21%

Income tax payable = $73,500

Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500

7 0
3 years ago
A parcel of land is 140 feet by 75 feet and the seller is asking $130 per square foot. What is the asking price
AleksAgata [21]
The asking price would be $1,365,000! I found a quizlet :)

8 0
2 years ago
Other questions:
  • Tell me about a time when you decided to sacrifice short-term gain for long term-success for your company?
    7·1 answer
  • What is a major corporation that includes a number of smaller companies in unrelated industries?
    9·1 answer
  • Jake accepted a management trainee position at Opelika Resorts, a real estate development company. Corporate management believes
    8·1 answer
  • The Department of Service Financing in the city of Belmont, New York, has been experimenting with having city units provide serv
    7·1 answer
  • The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experience
    12·1 answer
  • Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC
    6·1 answer
  • When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded
    6·1 answer
  • Four activities or services that make trade easy ​
    9·1 answer
  • What is meant by goal maximization of the shareholders' wealth?​
    10·1 answer
  • Short-run macroeconomic equilibrium is when (Hint: Be careful! Be sure to return to the general definition of equilibrium):
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!