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Monica [59]
2 years ago
10

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

Business
1 answer:
gavmur [86]2 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:

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You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifferenc
vodka [1.7K]

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity

8 0
2 years ago
Which factor places this nation in the transitioning<br> category?
lys-0071 [83]

Answer: B. It is shifting from a planned to a free-market economy.

Explanation:

5 0
2 years ago
With the community interested in eating healthy, Mary Catherine, a restaurant owner, is considering adding more gluten-free dish
Cerrena [4.2K]

Answer:

The correct answer is (C)

Explanation:

A decision-making process is a vital factor which can contribute towards a successful business. Likewise, some people rely on their institution and gut feeling to make a decision rather than to see the market demand and supply. This type of decision is known as a non-rational decision. Mary-Catherine is making a decision solely based on her Gut feelings which is why it is a not rational decision-making process.

7 0
3 years ago
Please help! How do you do a SWOT Analysis on a product idea?
Lemur [1.5K]

Answer:

Use the following 8 steps to conduct a SWOT analysis.

Decide on the objective of your SWOT analysis. ...

Research your business, industry and market. ...

List your business's strengths. ...

List your business's weaknesses. ...

List potential opportunities for your business. ...

List potential threats to your business.

4 0
3 years ago
A computer software company has been successful in marketing its employee productivity software for construction companies. whic
Dennis_Churaev [7]

Answer:

Construction companies ask if their team can provide managed IT services to handle the operation of the software and all of the company's other IT needs related to other software and hardware.

Explanation:

Information systems provide the communication and analytical power that many companies require to conduct business and manage business on a global scale. It is a set of interrelated components that allow information to be captured, processed, stored and distributed to support decision-making and control of an institution.

7 0
3 years ago
Read 2 more answers
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