All of the following are considered unfair trade practices in the business of insurance except: acknowledge communications promptly. So the right option is (d) Acknowledging communications promptly.
Unfair trade practices in the business of insurance refer to unethical or fraudulent practices by insurance companies that harm policyholders or consumers. These practices are typically regulated by insurance laws and regulations, and can vary by jurisdiction. Common examples of unfair trade practices in insurance include:
a. Misrepresenting pertinent facts relating to coverage: This can include providing false or misleading information about the terms, conditions, benefits, or limitations of an insurance policy, or failing to disclose important information that could affect the policyholder's decision to purchase or maintain coverage.
b. Threatening a client to discourage them: This can include using intimidation, coercion, or harassment to dissuade a policyholder from pursuing a claim or exercising their rights under an insurance policy.
c. Offering to settle claims for less than a fair amount: This can include making lowball settlement offers or engaging in unfair claims settlement practices, such as delaying or denying valid claims without reasonable justification.
d. Acknowledging communications promptly: This is not considered an unfair trade practice. In fact, insurers are generally expected to promptly acknowledge and respond to communications from policyholders, including inquiries, claims, and other communications, as part of good customer service and fair business practices.
In summary, all of the options listed except for d. Acknowledging communications promptly, are considered unfair trade practices in the business of insurance.
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What was the primary reason why alcoa at one time faced limited competition due to barriers to entry?
One of the primary reasons why Alcoa (Aluminum Company of America) faced limited competition and barriers to entry at one time was its vertical integration and control over the entire aluminum production process.
Alcoa was known for its comprehensive approach to aluminum production, which included mining bauxite (the primary source of aluminum), refining it into alumina, and then smelting alumina to produce aluminum. The company had established a strong presence in each stage of the production process, allowing it to achieve economies of scale, control costs, and maintain a competitive advantage.
The barriers to entry for potential competitors were high due to the significant investments required to replicate Alcoa's vertically integrated operations. Establishing bauxite mines, alumina refineries, and aluminum smelting facilities required substantial capital investments, technical expertise, and long-term contracts for raw material supply.
Furthermore, Alcoa had established extensive distribution networks, customer relationships, and brand recognition, which further solidified its market position. The company's dominance and control over the entire aluminum production chain created significant hurdles for new entrants to overcome, making it difficult for potential competitors to enter the market and challenge Alcoa's market share.
As a result, Alcoa enjoyed a near-monopoly in the aluminum industry for a considerable period, benefiting from limited competition due to the barriers to entry created by its vertically integrated operations.
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cost of goods sold for a merchandising company, direct materials and commissions are all examples of
For a merchandising company, the cost of goods sold, direct materials, and commissions are variable costs.
What is a variable cost?A variable cost is the cost element that remains constant per unit while the total changes. Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.
Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of variable costs.
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abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?
If her stock was valued at $43.50 per share. Her ROI is:50.89%
Return on investmentFirst step
Purchase price=(28×$30)-(28×$43.50)
Purchase price= $840-$1218
Purchase price=$378
Gain in value=$378+ $49.50
Gain in value=$427.5
Second step
ROI=$427.5/$840×100
ROI=50.89%
Therefore the ROI is $15.89%.
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All shareholders have the right to attend and vote for the directors in:
Franchise business
O Partnership business
Annual General Meeting
If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
which political system would seek total control over its citizens?
A fasciam
B. capitalism
C. socialism
D.
none of the above
Answer:
A. Fasciam
Explanation:
i got it right
Answer:
a. fascism
Explanation:
"a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism."
Explain average variable cost businesses experience
The average variable cost businesses experience can be described as the variable costs per unit of output and this can be interpreted as the production incurred by a business.
What is average variable cost?The entire variable cost per unit of production is known as the average variable cost (AVC). Total variable cost (TVC) divided by total output (Q) yields this result. Total variable cost (TVC) is the sum of all costs, including materials and labor, that fluctuate with output.
Variable costs per unit of output, which may be understood as the production expenses incurred by a business, can be used to represent the typical variable costs businesses experience.
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Firms pursuing a __________ strategy strive to be the lowest cost producer in an industry for a particular level of product quality.
Answer: B)cost leadership
Explanation:
Firms that pursue a Cost Leadership strategy aim to employ practices and standards that will enable them to produce so efficiently that they have the lowest cost in the industry for a particular level of product quality.
This will translate to them being able to offer their goods at a lower price than the competition thereby increasing their profitability and enabling them capture market share.
It is the journey and not the destination that counts? is this a growth or fixed mindset?
Have you ever bought something you thought would make you happy, but in the end it didn't?
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
Which is true? Group of answer choices Persistence is an excellent quality for service desk analysts as it allows them to find permanent solutions and eliminate incidents. By analyzing trends and eliminating root causes of problems, analysts can help reduce the number of incidents. Problem solving is an innate skill but it is a skill that can be improved with practice. All of the above.
Answer: All the above is true
Explanation:
Persistence is an excellent quality for service desk analysts as it allows them to find permanent solutions and eliminate incidents; Persistence is needed because of patience and courageous determination of the individual to see a task through.
By analyzing trends and eliminating root causes of problems, analysts can help reduce the number of incidents; analysis ensures that there is an easy way to do something or carry out an event better that the previous time.
Problem solving is an innate skill but it is a skill that can be improved with practice; Problem solving is natural but becomes more realistic when you're solving problems.
can woolworths raise extra capital for expansion
Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.
Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.
Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.
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6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?
Answer:
liabilities.
Explanation:
A balance sheet is prepared based on the accounting equation of assets = capital + liabilities.
The liability section is where the debts of the business are recorded. Liabilities represent what the business owes to suppliers and other third parties. They are expressed in monetary value. Liabilities are further subdivided into current and long term liabilities.
A goal is defined as the result or success toward which effort is directed.
O True
O False
Answer:
true
Explanation:
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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__________ is important for devloping self-reglation and promoting language. Varying rates. Motivation. Play. Secure relationships. Challenged. Screening tool. I will mark brainlest
Credit is when the lender doesn’t require you to put down a security deposit or collateral.
a. True
b. False
The correct option is B,False. When the lender doesn’t require you to put down a security deposit or collateral.
Credit is a type of loan that allows a borrower to admit finances from a lender with the expectance that the borrower will pay back the loan over time with interest. While it's true that some types of credit similar as relaxed loans or credit cards don't bear collateral or a security deposit numerous other types of credit similar as secured loans do bear collateral in order to ease the threat to the lender.
credit refers to the borrowing of money or other finances, and the terms of the loan, including whether or not collateral is needed, will depend on the specific agreement between the borrower and lender.
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Before Mohammad and Fatima seek help from their tax professional, they have to total the income they earned in the past year. They have to include all of their investment dividends and any income they earned from their jobs. What information does this BEST represent? their taxable income their adjusted gross income their gross income their inheritance income
Answer: their gross income
Explanation:
Since Mohammad and Fatima have to total the income they earned in the past year and include all of their investment dividends and any income they earned from their jobs. This is their gross income.
Gross income for an individual is made up of the income that is gotten from wages and salary and other ways the individual makes income like dividends, interest, pensions, and rental income.
Answer:
The gross income (3
Explanation:
Benefits Offered "Must-Haves":
what is the relationship between purchasing power and inflation?
You are a marketing consultant to a firm that would like to target members of Generation X. Your advice is for it to: emphasize freedom from work and commitment develop a personal service that will appeal to these time-poor consumers avoid topics dealing with materialistic possessions clearly state to the audience that Generation X is the intended target of all marketing communications emphasize the baby boom culture
To effectively target Generation X, it is crucial to understand and cater to their preferences. Emphasize freedom, provide personal services, avoid excessive materialism, clearly state the target audience, and focus on Generation X's unique characteristics rather than assuming a strong connection to the baby boomer culture.
As a marketing consultant, my advice for targeting Generation X would be to emphasize freedom from work and commitment, develop a personal service that appeals to time-poor consumers, avoid focusing solely on materialistic possessions, and clearly state in marketing communications that Generation X is the intended target audience.
However, I would not recommend emphasizing the baby boom culture as a primary strategy. Here's why:
Emphasize freedom from work and commitment: Generation X values work-life balance and independence. Highlighting products or services that provide convenience, flexibility, and the ability to maintain personal and professional commitments would resonate well with this generation.
Develop a personal service for time-poor consumers: Generation X is often juggling multiple responsibilities, including work, family, and personal pursuits. Offering personalized services that save time and cater to their specific needs can be highly appealing.
Examples could include concierge services, online platforms that simplify tasks, or subscription services tailored to their preferences.
Avoid focusing solely on materialistic possessions: While material possessions may have some appeal, Generation X tends to value experiences and meaningful connections. Highlight the experiential benefits of products or services, such as creating memories, fostering relationships, or enabling personal growth.
Clearly state the target audience: It is important to communicate explicitly that the marketing efforts are targeted towards Generation X. This helps build a sense of identification and resonates with their unique preferences and values. Tailor the messaging, visuals, and channels to align with Generation X's communication preferences.
Avoid emphasizing the baby boom culture: While Generation X shares some cultural references and experiences with the baby boomer generation, they have their own distinct characteristics.
It is more effective to focus on Generation X's specific values, needs, and aspirations rather than assuming they primarily identify with the baby boom culture.
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On january 1, 20x1, popular creek corporation organized suntime company as a subsidiary in switzerland with an initial investment cost of swiss francs (sfr) 60,000. suntime's december 31, 20x1, trial balance in sfr is as follows:
credit debit
cash sfr 7,000
accounts receivable (net) 20,000
receivable from popular creek 5,000
inventory 25,000
plant & equipment 100,000
accumulated depreciation sfr 10,000
accounts payable 12,000
bonds payable 50,000
common stock 60,000
sales 150,000
cost of goods sold 70,000
depreciation expense 10,000
operating expense 30,000
dividends paid 15,000
total sfr 282,000 sfr 282,000
additional information
1. the receivable from popular creek is denominated in swiss francs. popular creek's books show a $4,000 payable to suntime.
2. purchases of inventory goods are made evenly during the year. items in the ending inventory were purchased november 1.
3. equipment is depreciated by the straight-line method with a 10-year life and no residual value. a full year's depreciation is taken in the year of acquisition. the equipment was acquired on march 1.
4. the dividends were declared and paid on november 1.
5. exchange rates were as follows:
sfr $
january 1 1 = 0. 73
march 1 1 = 0. 74
november 1 1 = 0. 77
december 31 1 = 0. 80
20x1 average 1 = 0. 75
the u. s. dollar is the functional currency.
required:
prepare a schedule remeasuring the december 31, 20x1, trial balance from swiss francs to dollars.
The schedule remeasuring the December 31, 20x1, trial balance from swiss francs to dollars are: Debit $219,650; Credit $219,650.
Trial balanceSuntime company Trial Balance Translation for the month of December 31, 20X1
Swiss Translation U.S.
Francs Rate Dollars
Cash SFr 7,000 0.80 $5,600
(7,000×0.80=$5,600)
Accounts Receivable (net) 20,000 0.80 $16,000
(20,000×0.80=$16,000)
Receivable from Popular Creek 5,000 0.80 $4,000
(5,000×0.80=$4,000)
Inventory 25,000 0.80 $20,000
(25,000×0.80=$20,000)
Plant and Equipment 100,000 0.80 $80,000
(100,000×0.80=$80,000)
Cost of Goods Sold 70,000 0.75 $52,500
(70,000×0.75=$52,500)
Depreciation Expense 10,000 0.75 $7,500
(10,000×0.75=$7,500)
Operating Expense 30,000 0.75 $22,500
(30,000×0.75=$22,500)
Dividends Paid 15,000 0.77 $11,550
(15,000×0.77=$11,550)
Total Debits SFr282,000 $219,650
Accumulated Depreciation SFr 10,000 0.80 $8,000
(10,000×0.80=$8,000)
Accounts Payable 12,000 0.80 $9,600
(12,000×0.80=$9,600)
Bonds Payable 50,000 0.80 $40,000
(50,000×0.80=$40,000)
Common Stock 60,000 0.73 $43,800
(60,000×0.73=$43,800)
Sales 150,000 0.75 $112,500
(150,000×0.75=$112,500)
Total SFr282,000 $213,900
Accumulated Other Comprehensive
Income - Translation
Adjustment (credit) $5,750
($219,650-$213,900)
Total Credits $219,650
Therefore the schedule remeasuring the December 31, 20x1, trial balance from swiss francs to dollars are: Debit $219,650; Credit $219,650.
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Which of these should not affect your personal finance decisions?(1 point)
Responses
your character
your lifestyle goals
your tolerance for risk
your language
Answer:
I think it's your language
Answer: 1. the ability to understand how to make sound financial choices so you can confidently manage and grow your money
2.the CEO of The Finance Bar
3.the financial management which an individual or a family unit performs
4.your language
5. -a notebook for your homework
-lunch brought from home
Explanation: I took the quick check
consider a hypothetical used car market in which fifty percent of the cars for sale are low-quality cars and fifty percent of the cars for sale are high-quality cars. buyers know that half of the cars are high quality and half are low quality, but they do not know which individual cars are high quality and low quality. sellers know whether their cars are high quality or low quality. buyers would be willing to pay at most $2,000 for a low-quality car and at most $8,000 for a high-quality car. sellers of low-quality cars have a willingness to sell of $1,500. sellers of high-quality cars have a willingness to sell of $7,000. which of the following statements is true? it is efficient for the plums to be sold but not the lemons. buyers will never buy lemons. the price of a used car will be no more than $2,000. the price of a used car will be no more than $7,000. multiple choice
The average value will drop to $3000, which is a bad used car's actual value, as good used automobiles are removed from the market. A detailed explanation with the answer is provided below:
Given that there are equally as many good cars worth $2,000 and bad cars for $8,000, the average value of the secondhand car is as follows:
Average value= ½*2000+½*8000 = 5000
The value of the defective vehicle is $3000 less than the typical used-car market value of a vehicle (=$5000-$2000). Therefore, the average value is $3000 higher than the value of a terrible car.
A good car is worth $4000 more than the typical used-car market price for a car (=8000-$5000).
A well-used automobile vendor would not agree to a lower purchase price since they are aware of the car's value. Since the typical used car is about $3000 less than what a decent used car is worth. The seller won't take part in any business dealings.
The car is a bad used car if a buyer can haggle and persuade a seller to sell it for the same amount as the average value of the car ($2000).
A poorly maintained automobile owner will be pleased to receive a higher price (compared to $3000), whereas a well-used car owner will find the lesser payment (compared to $8000) unacceptable.
The market will be flooded with lemons since the majority of decent used-car owners won't be prepared to accept a lower price for their good vehicles (bad used cars). Owners of poorly maintained vehicles will be more than happy to sell their vehicles for the going rate.
As good used cars leave the market, the average value will fall to $3000, which is the actual value of a terrible used car.
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what is the significance of a variable work schedule? group of answer choices it permits employees to work at times other than the standard five 8-hour days. it allows employees to adapt to a standard working time while performing various kinds of work. it grants only minimal responsibilities to workers, leading to higher productivity. it ensures that workers carry out a variety of duties within a specific time span.
The significance of a variable work schedule lies in its ability to provide flexibility and work-life balance for employees. With a variable work schedule, employees can work at times other than the standard five 8-hour days, which can allow them to adapt to various kinds of work and personal commitments.
This flexibility can lead to improved job satisfaction, reduced stress, and a better work-life balance. Additionally, variable work schedules can benefit employers by increasing productivity, reducing absenteeism, and improving employee retention.
This is because employees are more likely to be engaged and committed when they feel that their employer values their needs and priorities. Ultimately, a variable work schedule can create a win-win situation for both employers and employees, leading to a more motivated and productive workforce.
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Etsy Shop: Eclipseshoppee
I FOUND THIS STORE ON ETSY AND IT IS SOOOO AMAZING!!! PLEASE GO CHECK IT OUT FOR YOUR OWN SAKE!!
Type the correct answer in the box. Spell all words correctly.
Which cost is dependent on production volume?
_____ cost is dependent on production volume.
Answer:
Variable costs
Explanation:
Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.
Answer:
Variable cost
Explanation:
The following exchange demonstrates which problem solving technique?
We pay higher costs than we need to when we go bowling because we don’t own our own equipment.
a.
Fishbone Diagram
b.
Five Whys
c.
Cluster Mapping
d.
Brainstorming
Answer:
a. Fishbone Diagram
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem.
2. Gathering of information.
3. Consider your options.
4. Weigh disadvantages and evaluate a solution.
A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.
Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).
Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.