the company plans to sell fire insurance for $250 plus enough to cover its costs and profit. why is it that selling thousands of such policies is a safe business?

Answers

Answer 1

Selling thousands of fire insurance policies can be a safe business due to the law of large numbers.  The statistical notion that as the number of occurrences rises, the actual outcome approaches the predicted result is known as the law of large numbers.

This means that the more insurance a firm sells, the more accurate their claims projections decision. Historical data and actuarial calculations may be utilized to properly anticipate the likelihood of a loss happening for many policies. Insurance firms must carefully control expenses and rates in order to cover losses and generate appropriate profits. Therefore, if a fire happens and numerous policyholders file claims, the insurer's financial damage is distributed among many policyholders. As a result, insurers are less likely to suffer big monetary losses as a result of a single occurrence.

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Related Questions

The Township of Thomasville’s General Fund has the following net resources at year end:

$69,000 of prepaid insurance
$410,000 rainy day fund approved by the township governing board with specific conditions for its use
$1,800 of supplies inventory
$60,000 state grant for snow removal
$150,000 contractual obligations for the purchase of equipment
Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation)
Total Fund Balance is $1,010,500
What would be the total Unassigned fund balance?

Answers

Answer:

I don't know

Explanation:

:( Working on I'll update this soon

An outward shift of an economy's production possibilities curve is not caused by:_______

Answers

An outward shift of an economy's production possibilities curve is caused by: an increase in capital, an increase in labor, and an advance in technology.

Economics is the social science that studies the production, distribution and consumption of goods and services. Economics focuses on the actions and interactions of economic agents and how the economy works. An economy's trade balance is the amount it spends importing goods and services compared to the amount it earns from exporting goods and services.

Economic income is the ability of a firm to reflect changes in the value of certain assets in the market. It generally captures unrealized gains in addition to realized gains. A change in market value rather than money received is a perfect example of economic income.

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A fan base is, in most ways, quite similar to a customer base.
A. False
B. True

Answers

The correct answer is ‘True’.
True in some ways. A fan supports the person statistically however a customer supports a person financially

During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.

Answers

29.4 percent of workers

Which of the following summarizes the essence of field work standards of GAAS?
A. Quality of professionals that perform an audit
B. Criteria for judging the quality of audit work
C. Whether the auditor was independent in conducting the audit
D. Whether the auditor reviewed the client's financial statements for adherence to GAAP

Answers

The correct answer is B. Criteria for judging the quality of audit work.

How does GAAS define field work standards?

The answer is B. Criteria for judging the quality of audit work. Field work standards of Generally Accepted Auditing Standards (GAAS) establish the criteria by which the quality of audit work is assessed.

These standards guide auditors in planning, executing, and documenting their work to ensure a high level of quality and reliability. The field work standards focus on factors such as sufficient evidence gathering, proper application of auditing procedures, adequate supervision and review, and professional skepticism.

By adhering to these standards, auditors aim to obtain reasonable assurance about the accuracy and integrity of financial statements, providing stakeholders with confidence in the reliability of the audit process and the resulting financial information.

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Is Pepsi multinational or transnational?

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A multinational corporation is Pepsico. The corporate headquarters of the American food, snack, and beverage giant PepsiCo, Inc. are in the hamlet of Purchase in Harrison, New York.

The business of PepsiCo includes every facet of the food and beverage industry. It is in charge of its products' production, marketing, and distribution. This illustrates the corporate immense responsibility (Inc P. , 2022). According to all adopted strategies Pepsi has used to grow its market, the corporation placed a strong emphasis on a transnational strategy with a primary goal of doing so. It plans to buy out the stakes of its partners in the joint ventures.

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a first-of-its-kind mobile application used for tracking budgets is in the market introduction stage of the product life cycle. advertisers want to inform potential customers about the new app and turn them into adopters. which of the following kinds of advertising is usually most appropriate in this case?

Answers

Advertisers want to inform potential customers about the new app and turn them into adopters, pioneering advertising is usually most appropriate in this case.

A customer is an individual or company that makes a purchase from a third party. The main objective of any business is to attract a clientele of repeat customers who will spend money with them. In India, many traders and businesspeople refer to their customers as God because they believe that they are the ones who bring in the money. An advertiser is a person or business who forks over money to have a service, occasion, or job advertised in a newspaper, on television, or on a poster. Your responsibilities as an advertiser include carrying out market research, working with the sales and design teams to develop targeted ad campaigns, reviewing multimedia ads to ensure a consistent brand voice,

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the least powerful form of behavior control is direct supervision of a subordinate by a manager.

Answers

This statement is not necessarily true. Direct supervision of a subordinate by a manager can be an effective form of behavior control in some situations, especially when the task or project requires close monitoring and guidance.

However, direct supervision may not be the most powerful form of behavior control in all cases, as it may not be sufficient to motivate or influence employees who are highly skilled or experienced.

Other forms of behavior control, such as rewards and recognition, feedback and coaching, and goal setting, can also be effective in shaping employee behavior and improving performance.

The most effective form of behavior control may depend on a variety of factors, including the nature of the task or project, the level of skill and experience of the employee, and the organizational culture and management style.

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Buggy Wars Two friends and neighbours arrange to go into business together and then become bitter rivals: This is the story of Bob Bell and Michael Sharpe, who once lived just four houses apart on Oxford Street in Guelph, Ontario. Bell and Sharpe thought they had a good idea for a new business venture—a bicycle trailer—but the good idea turned into a long, sizzling struggle.

Answers

The correct answer to this open question is the following.

Unfortunately, the question is incomplete. Indeed, there is no question at all, just a series of statements.

What we can do is to comment on this case.

We are talking about the story of Bob Bell and Michael Sharpe.

Royalties were the main reason for this dispute. Bob Bell was the engineer that invented the bicycle trailer. Michale Sharpe would focus on Marketing the product due to his experience with computers and sales. Sharpe wanted both to share the financial risks but Bell considered it hos invention and wanted more royalties. Things went in the wrong direction, the situation got worse and they both hired lawyers in Toronto, Canada.

After disputes and legal actions, Bell won the case and he could expanse his business nationwide and signed an agreement with a Chinese company to sell the product.  On the other hand, Sharpe made a 180-degree turn and started a fitness business.

Consumer surplus exists because of the
A. surplus of money that wealthy consumers hold.

B. surplus in marginal product that firms get when they hire an additional worker.

C. willingness of some consumers to pay a price higher than the market price for some units of a good.

D. additional utility that households obtain when the prices of substitutes fall.

E. increase in the availability of goods when income rises.

Answers

Answer:

it exists because of the increase in the availability of goods when income rises

plss someone give me a 3 examples of business objectives with timeframe (our product is reselling the shoes) plss i need it​

Answers

Answer:

campaign

store

fundraising

all great examples of buisness objective

an agency can end without any action by the principal or the agent through: a.termination through action. b.termination by decision of law. c.termination by operation of law. d.termination through inaction.

Answers

An agency can end without any action by the principal or the agent through termination by a decision of the law.

Abstract. A sense of agency refers to a sense of control over actions and their consequences. Career choice. Groups entering a social movement. Mate selection (also called affective individualism). Choice of dessert from the menu.

Agency is the sense of control you feel in your life, your ability to influence your own thoughts and behaviors, and confidence in your ability to handle a wide range of tasks and situations. Your sense of agency helps you to be psychologically stable, yet flexible in the face of conflict or change.

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Jeramlah is working with a difficult client. After mixing up a paint order, the client says, "Of course you mixed up this paint order. You never listen
to me, and you're always picking out weird looking colors!" What type of communication is the client using?

A. passive
B. Aggressive
C. Non-aggressive
D. Assertive

Answers

Answer: i would say he is being aggressive towards the guy

Explanation:

5. Which of the following statements is true about credits?
a) Credits show an increase in what a company owns or a decrease in what it owes.
b) A credit to an asset account shows a decrease.
c) A credit to a liability account shows an increase.
d) Credits show a decrease in what a company owns or an increase in what it owes.

Answers

Answer:

c) A credit to a liability account shows an increase.

A digital ID tag that collects data on consumers' buying habits related to a particular Internet address is known as a

Answers

Answer:

Cookie

Explanation:

Web tracking is a process by which website owners track activity of users to ascertain their browsing habits such as what they buy, products they regularly view, and so on.

Cookies are text files that store small pieces of data used in identifying a particular user's computer when a network is accessed.

A unique ID is tired on the cookie to track activity on the website.

The information gotten is used to improve user experience.

For example when a user makes a television purchase, advertisement of televisions can be sent. This allows the user expand more on their areas of interest.

Jennifer wants to borrow $20,000. Her bank offers a 7. 1% interest rate. She can afford $500 a month for loan payments. What should be the length of her loan to the nearest tenth of a year?.

Answers

The length of her loan to the nearest tenth of a year is 4.2 years.

Why do you pay interest first on a loan?

You owe more interest at first because your loan balance is still high. So the majority of your monthly payment goes toward interest, with a small portion going toward principal repayment. As you pay down the principal, your monthly interest payments decrease as your loan balance decreases.

Given

Loan Amount = $20,000

Rate = 7.1 %

EMI = 500 per month

Required to calculate =Time for repayment of the loan.

20000(.071)t ≤ 500(12)

1420t ≤ 6000

t = 4.2

Thus, Jennifer loan length is 4.2 Years.

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Why is communism disappearing?

Answers

Answer:

communism is disappering  Because of the overpowering status of Capitalism.

Explanation:

Helpppp !!!

Usually done before you introduce a new product to be successful :

A) Test marketing
B) Marketing research
C) Marketing concept
D) Marketing mix

Answers

B) Marketing Research

One of the main reasons countries join together in a common market is to allow workers to move freely across
borders
-True
-False

Answers

Answer:

Here is the ans.

Explanation:

The statement is true.

It’s true! You can look it up on Quizzlet!!

The most successful export from West Africa after abolition wasa. palm oil.b. gold.c. ivory.d. lumber.e. illicit slaves.

Answers

After the abolition of slavery, the most successful export from West Africa was palm oil.

Palm oil became a highly sought-after commodity for the industrial revolution in Europe, as it was used in the manufacturing of soaps, candles, and lubricants. The demand for palm oil increased rapidly, leading to the expansion of plantations and trade networks in West Africa. Palm oil exports became a significant source of income for many West African countries, and it played a vital role in the development of their economies. Other commodities such as gold, ivory, lumber, and even illicit slaves were also traded, but none of them matched the success of palm oil. Today, palm oil is still a significant export from West Africa, and it is a key ingredient in many food and personal care products globally.

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An important part of design thinking is building a game with the customer in mind. What can help with this?

Answers

An important part of design thinking is building a game with the customer in mind this can help with User testing.

What is User testing in design?

A UserTesting contributor, often known as a website tester, performs activities on a website, app, or prototype while speaking out their observations.

There are two types of tests that can be taken as a contributor. One is referred to as Live Dialogue and involves a real-time interview with a UserTesting client. A consumer will ask you in a casual conversation during a videoconference meeting what you think about their goods or experiences. The other is a self-paced, recorded test that  can be taken on the  phone or computer at onesown pace.

Therefore, option A is correct.

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missing options:

User testing

Stress Testing

Regression testing

Sound mixing.

required informationskip to questionassignments and delegations introduction read the overview below and complete the activities that follow. contracts are typically private agreements in that they bind the two parties and no one else. thus, parties not in privity of contract usually do not have rights to a contract. however, there are exceptions to the general rule. this activity outlines the importance of paying special attention to ramifications that result from assigning or delegating a contract, including the effects these actions have on assignees. concept review: contracts create situations in which both parties have a duty to perform the agreed-on action and a right to be the recipient of the other party's duty. these rights and duties can be transferred to third parties. the transfer of rights is known as assignment; the transfer of duties is known as delegation. mini-case: read the case and then answer the questions to create a strategy for how someone might determine the results of the scenario. katerina owned property in miami right on the beach that she leased to scotty. scotty used the property for business purposes, which was allowed under the lease. three months into the lease, scotty transferred his lease to a sports agent company for $5,000, which became the new tenant under the lease. katerina became upset with scotty's transferring of the lease because she thought that since she leased the property to scotty, he should not be allowed to let anyone else lease the property. furthermore, she had a strong aversion to sports agents after watching the movie jerry maguire, and she did not want any money-grubbing sports agents working on her property. subsequently, katerina wonders whether there is any way she can limit the ability of scotty to transfer the lease. walk through the different types of transferring of rights and duties. what type of transfer of rights or duties is described in this case? what is the role of the relevant parties in the case? katerina clearly does not like the transfer of the lease. are there any factors that could limit the transfer of these rights or duties?the scenario above is an example of what legal concept?multiple choicevesting of rightsdelegationassignment

Answers

This scenario is an example of an assignment in contracts. Assignment is a legal concept that involves the transfer of rights from one party to another. In this case, the transfer of rights occurred when Scotty transferred his lease to a sports agent company for $5,000, making them the new tenant under the lease.

Katerina, the lessor, was not pleased with the transfer of the lease and has the right to challenge it. However, Katerina's challenge must be based on legal grounds and not simply on the fact that she has an aversion to sports agents. Depending on the specific language of the lease agreement, Katerina may be able to challenge the assignment based on clauses which limit assignment of the lease, as well as any other clauses which would not be valid had the lease been assigned.

There are also factors that could limit the transfer of rights or duties in this scenario. For instance, the assignment may not be enforceable if the lease itself does not permit assignment. Additionally, the parties of the contract must be in agreement and in good faith for the assignment to be valid. If either of these conditions are not met, the assignment may be void.

In conclusion, this case is an example of an assignment of rights in contracts. Katerina has the right to challenge the assignment, though her challenge must be based on legal grounds. Furthermore, there are certain factors that can limit the assignment, such as the presence of clauses limiting assignment and the requirement that both parties agree and act in good faith.

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10)
How might a mission statement help Donna with her new
business?

Answers

A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.

It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.

Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.

Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.

Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.

A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.

In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.

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explain time and space

Answers

Time is what changes every minute and space is outside of the human body

Answer:

Space-time is the conceptual model that best explains how the universe works.

space-time explains the unusual relativistic effects that arise from traveling near the speed of light as well as the motion of massive objects in the universe.

We all measure our experience in space-time differently. ... First, time appears to move slower near massive objects because the object's gravitational force bends space-time.

Public Domain The phenomenon is called "gravitational time dilation." In a nutshell it just means time moves slower as gravity increases.

Explanation:

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Discuss the types of problems that business researchers face in
their roles as managers. What ethical responsibilities do they have
when conducting research?

Answers

They promote the advancement of knowledge while protecting the rights and welfare of participants, ultimately enhancing the trust and integrity of the research community.

Business researchers who also hold managerial roles can encounter various challenges in their dual roles. Some common problems they may face include:

1. Time constraints: Balancing research responsibilities with managerial duties can be challenging, as both roles require significant time and effort. Researchers in managerial positions may struggle to allocate sufficient time for conducting research, data analysis, and staying updated with the latest research trends.

2. Resource limitations: Limited resources, such as budget constraints or lack of research support staff, can impede the effectiveness and efficiency of research activities. Researchers may face difficulties in accessing necessary data, conducting comprehensive studies, or implementing advanced research methodologies.

3. Stakeholder expectations: As managers, researchers are accountable to multiple stakeholders, including senior executives, clients, and employees. Balancing the expectations and demands of these stakeholders while pursuing rigorous research can be a complex task.

4. Ethical considerations: Business researchers in managerial roles must navigate ethical challenges in their research practices. They need to ensure the protection of participant confidentiality, obtain informed consent, maintain research integrity, and adhere to ethical guidelines established by professional associations and institutions.

Regarding ethical responsibilities, business researchers have a crucial role in upholding ethical standards in their research endeavors. Some key ethical responsibilities include:

1. Informed consent: Researchers must obtain informed consent from participants, ensuring they have a clear understanding of the research purpose, procedures, potential risks, and benefits. Participants should have the right to voluntarily participate or withdraw from the study.

2. Data confidentiality and privacy: Researchers should handle data with strict confidentiality and ensure that participants' identities and sensitive information are protected. Data should be stored securely and used only for the intended research purposes.

3. Research integrity: Researchers must maintain the highest standards of research integrity, including accurate data collection, analysis, and reporting. They should avoid any form of data manipulation or selective reporting that could distort the research findings.

4. Conflict of interest: Researchers should disclose any potential conflicts of interest that may influence the research process or findings. Transparency and objectivity in research are essential to maintain credibility and trust.

5. Respect for participants' rights and welfare: Researchers have a responsibility to prioritize the well-being and rights of research participants. They should ensure that participants are treated with respect, are not subjected to harm or undue stress, and have the opportunity to provide feedback or voice concerns.

By fulfilling these ethical responsibilities, business researchers in managerial roles contribute to the credibility, validity, and ethical conduct of research.

They promote the advancement of knowledge while protecting the rights and welfare of participants, ultimately enhancing the trust and integrity of the research community.

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Please answer why if you choose False

1.If we want to covert a value at time 0 to a value at time 3 we would multiply the value at time 0 by (1+r)3

True

False

2. If we want to covert a value at time 4 to a value at time 9 we would multiply the value at time 4 by (1+r)5

True

False

3.If we want to covert a value at time 20 to a value at time 30 we would multiply the value at time 20 by (1+r)10

True

False

4.If we want to convert a value at time 12 to a value at time 0 we will divide the time 12 value by (1+r)12

True

False

5. If we want to convert a value at time 10 to a value at time 5 we will divide the time 10 value by (1+r)5

True

False

Answers

In general, when converting values across different time periods, we need to consider the power of the interest rate or rate of return, rather than simple multiplication or division.

1. False - To convert a value at time 0 to a value at time 3, we would raise the value at time 0 to the power of (1+r)^3, not multiply.

2. True - To convert a value at time 4 to a value at time 9, we would multiply the value at time 4 by (1+r)^5, where r represents the interest rate or rate of return.

3. True - To convert a value at time 20 to a value at time 30, we would multiply the value at time 20 by (1+r)^10, where r represents the interest rate or rate of return.

4. False - To convert a value at time 12 to a value at time 0, we would raise the value at time 12 to the power of (1+r)^12, not divide.

5. False - To convert a value at time 10 to a value at time 5, we would raise the value at time 10 to the power of (1+r)^(-5), not divide.

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The CDC for hospitals and healthcare facilities to improve

The CDC for hospitals and healthcare facilities to improve

Answers

The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.

What are the Centers for Disease Control and Prevention?

The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.

Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.

Thus, CDC helps in improving the plans and functions efficiently to handle surges.

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Kay files a suit against Jack. The document that sets out the grounds for the court's jurisdiction, the basis of Kay s case, and the relief that Kay seeks is the complaints service of process answer summons American Advertising, Inc. files a lawsuit against Audio & Video Productions, Inc. over a contract dispute. To succeed. American must prove its case beyond a reasonable doubt by a preponderance of the evidence by indisputable prolog Audio & Video the burden of proof

Answers

The document that Kay files against Jack is called the complaint. It sets out the grounds for the court's jurisdiction, the basis of Kay's case, and the relief that Kay seeks.

To succeed in the lawsuit against Audio & Video Productions, Inc., American Advertising, Inc. must prove its case by a preponderance of the evidence.

This means that they must demonstrate that their claim is more likely true than not. In a contract dispute, the party with the burden of proof, in this case, American Advertising, must provide evidence that is sufficient to convince the judge or jury that their version of events is more probable than the opposing party's version.

This is a lower standard of proof compared to "beyond a reasonable doubt," which is typically used in criminal cases.

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Centre City enacts an ordinance that bans the distribution of all printed materials on city streets. Diners Café opposes the city’s latest "revenue-enhancing" measure—a tax on prepared food sales—and wants to protest by distributing handbills. In Diners’ suit against the city, a court would likely hold the ban on printed materials to be

Answers

Answer: unconstitutional under the First Amendment.

Explanation:

From the information provided, in Diners’ suit against the city, the court would likely hold the ban on printed materials to be unconstitutional under the First Amendment.

Under the First Amendment, any law that limits or ban freedom of expression, religion, peaceful assembly, petitioning of the government is prohibited. Therefore, the action of the city is unconstitutional.

Which qualifications are most helpful for Foreign Service Careers? Check all that apply.

Foreign language skills
Stress management skills
Design skills
Independence
Math skills
Adaptability and flexibility

Answer: foreign language skills, stress management skills, and adaptability and flexibility

Answers

The foreign languages are Brazilian and

Answer:here's the right answer for this question

Explanation:edge2023

Which qualifications are most helpful for Foreign Service Careers? Check all that apply. Foreign language
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