Most family heads need substantial amounts of life insurance. however, with limited income, money spent on life insurance reduces the amount of discretionary income available for other high-priority needs. what an insured person gives up when he or she purchases life insurance instead of using the premium dollars for other purposes is called the

Answers

Answer 1
What an insured person gives up when he or she purchases life insurance instead of using the premium dollars for other purposes is called the opportunity cost of buying life insurance. Opportunity cost is defined as the cost incurred by choosing one option over an alternative one that may be equally desired.
Answer 2

Final answer:

The concept described is the 'opportunity cost,' which refers to what is foregone when an individual decides to purchase life insurance instead of using the funds for other priorities or investments with potentially higher returns.

Explanation:

When an insured person gives up the opportunity to use premium dollars for other purposes in order to purchase life insurance, the economic principle at play is known as the opportunity cost.

The concept of opportunity cost reflects the value of the best alternative that is foregone when a choice is made. In this context, spending money on life insurance premiums means those funds cannot be used for other high-priority needs or potential investments, which could offer higher financial returns.

Whole life insurance, while providing a lump sum payment in the event of the insured person's premature death, also functions as a form of forced savings by accumulating cash value.

However, it's important to note that the guaranteed return offered by insurance companies on whole-life policies is typically much lower than the potential return the money could earn if invested elsewhere. This is what constitutes the opportunity cost of choosing life insurance over another investment.


Related Questions

What type of schooling for the job welding?

Answers

More than likely you can go to a technical institute to get certified as a welder

Answer:

There's college courses that certify you, apprenticeships, jobs that train you, high school courses that can get you certified and businesses like ironworker associations that you can pay to test for a certification.

Explanation:

In c++ when a relational expression is false, it has the value ________.

Answers

In c++ when a relational expression is false, it has the value 0. Every  evaluated expression produces a result, and it can be either true or false. If you see that your value is zero, it means that you have to look through the expression again and find mistakes.

Final answer:

In C++, a false relational expression has the value 0. Boolean expressions return 0 for false and 1 for true, and operators such as '==' are used to evaluate these expressions according to truth tables.

Explanation:

In C++, when a relational expression is false, it has the value 0. Boolean expressions in C++ return 0 when they evaluate to false and 1 when they evaluate to true. The concept of truth values is fundamental in programming, where expressions are checked for either being true or false under specific conditions. For example, the operator == compares two operands and produces True if they are equal and False otherwise, with the False evaluation represented as the integer value 0.

It is crucial to understand that logical expressions can be composed of several Boolean operators including && for "and", || for "or", and the negation operator ! to invert the truth value. Each operator has a well-defined behavior on truth values, which can be perfectly illustrated using truth tables. Only True or False results are possible, and with that in mind, we can say that any relation or condition resulting in False will correspond to 0 in C++.

Unexpectedly high inflation tends to hurt ________ most

Answers

Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable ,  but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!

One major difference between a nation's balance of trade and its balance of payments is that

Answers

The balance of commerce is the difference in the value of exports and imports of only visible items. The balance of trade adds imports and exports of goods alone, clearance items. A balance of trade of  a country can be favirable or infavirable but BoP regularly balance

What is the difference between a linear and a nonlinear cost function? give an example of each type of cost function?

Answers

The difference between a linear and a nonlinear cost function is

A linear cost function is a cost function where, within the relevant range, the graph of total cost versus the level of a single activity related to that cost is a straight line.
An example of a liner cost function is a cost function for use of a telephone line where the terms are a fixed charge of $10,000 per year plus a $2 per minute charge for phone use.

A nonlinear cost function is a cost function where, within the relevant range, the graph of total cost versus the level of a single activity related to that cost is not a straight line.
Example include economies of scale in advertising where an agency can double the number of advertisements for less than twice the costs, step-cost functions, and learning-curve based costs.

Which of these describes an economic incentive for entrepreneurs?

Answers

An entrepreneur does not have to share any profits with an employer would be an example of the Economic incentive.
In general, many corporations set up a regulation for its employees who want to open up a business, in which that they're allowed to do it under their employmment as long as they share a percentage of the profit for the company. If this regulations are gone, the entrepreneur would obtain more profit.

Answer:

C.)  motivates producers or consumers to take action.

Explanation:

An economic incentive is best described as something that: C. motivates producers or consumers to take action.

An economic incentive can be defined as a financial motivation, reward, or compensation that are given to either the employees working in an organization, business firms (producers), agriculturalists (farmers), or consumers, in order to motivate them to do more or take certain steps (actions) and give their best.

Constituency service and private bills are common forms of patronage. true

Answers

That statement is true.
Patronage refers to the preferential treatment that given by the government to a certain organization. Patronage would give a competitive advantage for that organization over the one who don't receive it and usually only given to the company would give the incentive back to the government after obtaining the profit.

Why is it important to carefully document an interview?
a. You can learn from the problems and successes during the interview
b. It can help you determine if the company is the right fit for you
c. Documenting the information can help you prepare for a second interview
d. All of the above

Answers

D) all of the above because you should be doing all of these during an interview 
D. All of the above. Because 1. You want to know what you're getting yourself into. 2. You never want to work for someone/something you don't like. 3. If all fails you can better yourself in the future.

An _ is a series of related jobs built on a foundation of interest,knowledge,training,and experience

Answers

A career is a series of related jobs built on a foundation of interest, knowledge, training, and experience.
career is the answer

What may be offered to clients when banks find the risk too high?

Answers

Private money may be offered to clients when banks find the risk too high. Private money is usually owned by a private organization. Private money has high interest rates and the people who receive the money still have to follow state, federal and bank laws when using the money.

In order to ensure success, what are the five rules you need to follow before going into business for yourself?

Answers

Final answer:

Before going into business for yourself, there are five rules you need to follow to ensure success: define your goals, create a business plan, secure funding, research and understand your market, and build a strong team.

Explanation:

Before going into business for yourself, there are five rules you need to follow in order to ensure success:

Define your goals: Determine what you want to accomplish and set specific, measurable, attainable, relevant, and time-bound (SMART) goals.Create a business plan: Outline your business idea, target market, competition, marketing strategy, financial projections, and operations.Secure funding: Determine how much money you need to start your business and explore sources of funding such as personal savings, loans, grants, or investors.Research and understand your market: Conduct market research to identify your target audience, competitors, and market trends.Build a strong team: Surround yourself with talented individuals who complement your skills and can help you achieve your business goals.

Learn more about Business here:

https://brainly.com/question/3407426

#SPJ3

Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the price elasticity of Bobo’s demand curve?

Answers

bobo's demand curve is elastic hence his purchasing ability is easily influenced by a slight change in the price of the product
Final answer:

The question was about calculating the price elasticity of demand for Bobo's pizza consumption. The calculation involved a percentage change in quantity and price, returning an elasticity measure of 9.52, signifying high responsiveness of demand to price changes.

Explanation:

The question revolves around the concept of price elasticity of demand, which is a measure of the degree of change in quantity demanded of a product in response to a change in its price. In the case of Bobo and his pizzas, let's analyze the scenario: initially,Bobo buys 1 pizza when the price is $19 per pizza and then shifts to buying 3 pizzas when the price decreases to $15 per pizza.

Price elasticity of demand is calculated using the formula:% change in quantity demanded / % change in price. Applying the scenario of Bobo to this formula:
% change in quantity demanded = [(3-1)/1] x 100 = 200%
% change in price = [(15-19)/19] x 100 = -21%

We ignore the negative sign as elasticity is usually talked about as an absolute value. Therefore, the price elasticity of demand = 200%/21% = 9.52. This result implies that the quantity that Bobo demands is very responsive to changes in the price.

Learn more about Price Elasticity of Demand here:

https://brainly.com/question/31293339

#SPJ2

Paolo is always coming up with new ideas and seeking funding to explore them. he sees opportunities in the marketplace and wants to be the first person to come up with new products and services that customers want. paolo, a person who is apt to take initiative and persevere to influence the environment, has a(n) ______ personality.

Answers

Paolo has a proactive personality in which a person is likely to be more initiative in a way that they are likely to respond to a situation in advanced rather than waiting for it to happen or just plainly react towards the situation. People has this kind of personality are likely to be more persevere to influence the environment.

A dramatic look at what an entire organization might be like at a distant point in the future is called a corporate ______

Answers

It is called a CORPORATE VISION.
A corporate vision is like a road map which guides a company in the right direction within a specified number of years. A company usually set up a vision by indicating the defined goals it wants to achieve in the direction of the company's growth withing a specified period.

Consumer reports found 68 percent of start-up financing for entrepreneurs comes from:

Answers

I think its personal resources 

Once the production is in performance mode, who is the most important person in the show? the protagonist the director the stage manager the dresser

Answers

Once the production is in performance mode, the most important person in the show is the stage manager.
The stage manager organizes and coordinates the theatrical production. He/she  schedules and runs rehearsals and organizes the production and coordinates the communications between various personnel.

Faced with a wide variety of computers to choose from, mary first eliminated all models that would not fit comfortably on her desk. next, she eliminated all models costing more than $1000. finally, she eliminated all models without a full year's warranty. it appears that mary is using the _____ model of decision making.

Answers

Mary is using the bounded rationality model of decision-making by setting clear criteria and then looking for a satisfactory option that meets these minimum requirements rather than seeking the absolute best option.

It appears that Mary is using the bounded rationality model of decision-making. The bounded rationality model recognizes that individuals are limited in the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision. Instead of seeking the optimal solution, they apply a satisficing strategy which means they are seeking a satisfactory solution that is good enough rather than the perfect one. Mary first sets clear criteria for her computer search such as size, price, and warranty. Then, she eliminates all options that don't meet these minimum criteria, accepting a satisfactory option rather than looking for the absolute best among all possible computers.

Which consumer influence is represented by the action of buying an item to conserve resources?

Answers

Price

A common example of this is during times when a store goes on Sale or offers "good" deals or bargains (e.g. buy one take one, or buy two and get the third piece at a lower price). Even if the consumer is not in need of the item(s), the thought of being able to conserve or save money by buying item(s) on sale or from bargains (compared to when such items are not on sale), drives the consumer to purchase the said item(s). 

Price is the factor that influences the buyer to conserve the resource.

Further Explanation:

Factors affecting consumer behavior:

Consumer behavior is a set of actions that influences the purchasing decision of the buyer. There are various factors that influence the buying decision of the buyer. Major factors are as follows:

• Cultural factor

• Social factor

• Personal factor

Factors that influence the buying influences of the consumer I regarded as the factors affecting consumer behavior. Price, quality, promotion, personal influence, income, age, demography affect behavior product selection for the consumer.

Consumer influence represented by conserving resources:

Price is the factor that influences the customer to buy an item to converse resources.

Generally, the consumer tends to buy the product when the price of the product is relatively low. When the consumer gets an idea that the price of the product would increase in the future then he would start conserving the product for the future use so that he does not need to pay a higher price in the future. conserving the resources is done for the cost-saving.

Thus, price is the factor that influences the buyer to conserve the resource.

Learn more:

1. Learn more about the behavioral concepts

https://brainly.com/question/1193707

2. Learn more about the  motivational effect of money

https://brainly.com/question/10539732

3. Learn more about the price control

https://brainly.com/question/2936017

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Consumer Behavior

Keywords: Which, consumer, influence, is, represented, by, the, action, of, buying, an item, to, conserve, resources, customer, price, demand, factors affecting, buying decision.

Pretend you are again a manager of your favorite manufacturing company. you have been asked to determine whether a product (one of your choosing) should be manufactured in-house or outsourced to another vendor. discuss the relevant costs you would consider for this decision as well as irrelevant costs and sunk costs. how would you use differential analysis to arrive at this decision? are there any other items that should be considered when making this decision?

Answers

To decide whether to manufacture in-house or outsource, evaluate relevant costs including direct materials, labor, overhead, and opportunity costs, while disregarding sunk costs. Use differential analysis to compare costs and consider the ability to maintain strategic control over critical functions. The decision should align with the firm's long-term profitability and strategy.

When considering whether a product should be manufactured in-house or outsourced, a manager must analyze the relevant costs. Relevant costs include direct materials, direct labor, overhead, and opportunity costs associated with production. It is also essential to consider the potential outsourcing risk and how it may affect the company's operations and profitability.

Irrelevant costs, such as sunk costs, which have already been incurred regardless of future actions, should not influence the decision-making process. These are historic costs like research and development expenses for the product in question, and they do not affect the marginal cost of production or the price/output decision.

To make a well-informed decision, differential analysis is used. This involves comparing the incremental costs of manufacturing the product in-house vs. the costs of outsourcing. Each potential cost should be carefully evaluated, taking into account not only the short-term financial implications but also long-term effects and strategic implications for the company.

Decision-makers should also contemplate the ability to maintain quality, control over the process, and confidentiality, especially when the product or service is critical to the company's supply chain or customer service strategy.

Ultimately, the decision to make or buy should focus on whether the company can cover its variable costs in the short term and meet or exceed total costs in the long run. Addressing these considerations will help in determining the most cost-effective and strategically sound choice for the company.

Heidi plans to purchase a pickup truck. the range available for negotiation is the difference between the sticker price and the

Answers

The range available for negotiation is the difference between the sticker price and the INVOICE PRICE.
The sticker price refers to the amount of money that a seller attached to a product he wants to sell. The invoice price refers to the price that a company pay to its wholesaler dealer for an item, that is, it is the actual cost of a product. During negotiation, the lowest price that a seller can sell for is the invoice price.

Which access control method model grants rights or privileges based on their job function or position held?

Answers

The answer is role based access control. This is a method of having to regulate access in a computer device in which an individual has task or role that he or she need to do in a way of using the computer device.

A decrease in supply, with no change in demand, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
a. an increase; an increase
b. an increase; a decrease
c. a decrease; an increase
d. a decrease; a decrease

Answers

d
you can use common sense for this
Demand for potatoes remain the same and supply of potatoes decrease. The number of potatoes sold will decrease and producers naturally increase price of potatoes (to try to earn more)
Final answer:

A decrease in supply with stable demand results in decrease in equilibrium quantity and an increase in equilibrium price. Thus, the correct option is 'c. a decrease; an increase'.

Explanation:

This question is asking about the concept of supply and demand, which is a fundamental concept in economics. Specifically, the question is about what happens when supply decreases while demand stays the same. According to the law of supply and demand, if there is a decrease in supply with no change in demand, it will lead to a decrease in equilibrium quantity and an increase in the equilibrium price. This is because the decrease in supply creates a shortage, which leads to an increase in the price to balance out the market. Therefore, the correct answer to this question is c. decrease; an increase.

Learn more about Supply and Demand here:

https://brainly.com/question/32830463

#SPJ6

Please Help: how do safe investments usually have a lower rate of return than riskier ones. Should be written in a paragraph

Answers

Safe investments usually stay stable on the stock market, and don't go up very fast. Risky investments can shoot up or shoot down. If you invest money into a safe investment, you're less likely to gain lots of money, or lose lots of money. If you invest in riskier ones, you're a lot more likely to gain lots of money, but you also are more likely to lose money.

The safe investments tend to have low return because it gives constant and stale returns.

Further Explanation:

Risk-Return Tradeoff:

Risk-Return Tradeoff refers to the position where the increase in the risk increases the return. This theory states that the investment can give higher profit only when the investor accepts a higher possibility of losses.

Explain how safe investments usually have a lower rate of return:

The safe investments refer to the investment in the securities that are considered to have a stable future income. The investments with stable and constant returns tend to have a lower rate of return. The investment in blue-chip companies is an example of a safe investment. Blue-chip companies tend to give lower returns, but they have strong consistency. The blue-chip companies are the established companies that have already captured the market and earned the maximum possible profit. Now, they have stable returns as they have already exhausted the business opportunity and earned the profit from them.  

A start-up is an example of a riskier investment. The start-up may get sky-high returns if it gets an appropriate business opportunity. However, the chances of failure are very high because the start-up has limited capital, resources, market share. It would not be able to tackle the adverse situations efficiently. Therefore, riskier investment options tend to have a higher rate of return and higher risk.

Thus, safe investments tend to have low return because it gives constant and stale returns.

 

Learn More:

Learn more about the buying power of an individual https://brainly.com/question/5959656 Learn more about the diversification of the investment https://brainly.com/question/2480636 Learn more about the monopoly https://brainly.com/question/1619397

Answer Details:

Grade: Middle school

Chapter: Investments

Subject: Accounting  

Keywords: safe, investments, usually, have, lower, rate, return, than, riskier, ones, Should written, paragraph.

What were the main reasons grange decided to leave school in order to start his own team?

Answers

One of the main reason is He Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.

Digital intra-frame editing allows filmmakers to alter space by

Answers

Digital intra-frame editing allows filmmakers to alter space by combining multiple shots into one shot. Intra-frame editing takes every frame and compresses the frames, but doesn’t care about the sequence of frames. It is easier for a computer to process intra-frame compression, but the file size is larger.

Elizabeth works for a local restaurant. At the end of her shift, she is required to write in the time that she arrived and the time she is leaving so that she can be paid appropriately. Today Elizabeth was 15 minutes late for work. What would be the most ethical thing for Elizabeth to do?

Answers

At the end of her shift, she's supposed to write in the time she arrived and the time she was leaving, so she probably should write the time she actually came in rather than the time she was supposed to come in. In addition, she would probably want to tell her supervisor that she's sorry and let them know why she was late as she probably should come at an assigned time for a reason

I believe the answer is:  Honestly  Write in the correct time when she arrived (15 min late) and the correct time she left.

In addition, Elizabeth need to tell her supervisor  about the reason why she's late and said her sorry. Even though this might reduce her pay in the near time, she would create an excellent impression in front of her boss, and increase her likelihood to obtain promotion or bonuses.

Moore's law is often cited in the computer industry because it has held true for over 50 years. what does this rule predict regarding cpu capacity?

Answers

Answer: That CPU capacity will double every 2 years.

Explanations:
Moore's law states that transistor capacity doubles in dense integrated circuits every two years, and the law has been true for over 50 years. Consequently, the semiconductor has used this law as a guide for product planning.

Because of nanotechnology, this law may remain valid for many more years.
However, because the cost of production has been increasing, the law is not expected to continue indefinitely.  

Final answer:

Moore's Law states that computing power, specifically CPU capacity, doubles approximately every two years, a trend observed for over 50 years. This has resulted in substantial improvements in memory capacity, processing speed, and storage space, leading to the modern, high-powered computers we use today.

Explanation:

Moore's Law predicts that CPU capacity will double approximately every two years. This law, formulated by Gordon Moore, one of the co-founders of Intel Corporation, has been observed for more than five decades. Although Moore originally focused on the number of transistors that could fit on an integrated circuit, the implications of his observation have extended to various aspects of computing power including memory capacity, processing speed, and storage space. This exponential growth has led to the rapid evolution of computers, turning them into the powerful desktop and laptop machines we see today. Additionally, this increase in computing power dictates that newer software often requires more processing capabilities, which is why a computer that is a few years old may struggle with the latest applications or games.

It is important to note that as we reach the physical limits of semiconductor technology, there are discussions about whether Moore's Law is reaching its end. Nevertheless, the past trend has allowed significant growth and innovation in the computer industry and has been a benchmark for technological progress.

Last week stephanie quit her job as a copywriter at an advertising agency. she has spent the past few days browsing the help wanted ads but hasn't found anything that matches her skills. stephanie is best classified as:

Answers

she Is classified as someone who is jobless and useless

In which type of business would you most likely find a theory x style of management?

Answers

the answer to this question is mass manufacturing company
The type X style of management based on the assumption that all of their employees dislike works and will do anything in their power to avoid it.
Because of this, mass manufacturing company is perfect because it utilized machineries rather than actual workers.
A Mass manufacturing business would be a classification of business wherein the theory x style of management would be commonly be observed. Since, a mass manufacturing business, requires a lot of workers bound to help in creating products, the theory suggests that there are workers who dislikes work and has little ambition for their work and are unwilling to take and accept responsibilities in the careers.

_____ is an open source operating system whose source code is freely available to everyone.

Answers

Linux is an operating system, similar to Windows or iOS. It's the inner part of the computer brain, the part most users won't see. What makes Linux different is that it isn't a secret. It's open source, meaning anyone can use it, look at it, and if they have the skills, modify it.
Other Questions
Individuals who are highly agreeable tend to evoke__ than individuals with lower agreeableness scores Read the passage. When a Canadian moose was spotted in Southern Florida, scientists began to speculate about why the great brute had wandered so far from its native habitat. Which word is most helpful in identifying the source as a scientific textbook? A. moose B. habitat C. wandered D. Canadian Find the complete factorization of the expression.10xyz + 24xy + 6xzA)xyz(5 + 12 + 3)B)2x(5zy + 12y + 3z)C)x(10zy + 24y + 6z)D)2(5xzy + 12xy + 3xz) A towns population went from 25.800 to 42,600 in 15 years. What was the percent increase? Briefly describe the five major processes involved in the formation of sedimentary rocks 2w-5w=27 can you tell me how to solve this to where I can understand Solve the equation. If there is no solution, write no solution. 4|n| 19 = 13 A. n = 8 or n = 8 B. n = 28 or n = 36 C. no solution List three factors that may limit the effectiveness of a demographic transition in influencing population size. figure ABCD is a rectangle with point A (-2, 5). What rule would rotate the figure 90 degree clockwise? Which accurately describes a letter written during the time a historical event occurred?a.effective secondary source documentb.too biased for historical evidencec.too focused for historical evidenced.unreliable narrative sourcee.useful primary source document The rise of Nazism happened because of what factors? Select all that apply. The U.S. and England were becoming a threat to German culture. The German people began to distrust the Jews and gypsies and wanted them out. The German government could not keep up with the huge debt repayment imposed from World War I. Rampant unemployment demoralized many Germans and they needed to regain a national self-esteem. The prevailing political parties offered no hope and no solutions to the abysmal state of German identity. Because the allies blamed Germany for World War I, the Germans suffered a deep sense of national guilt and needed someone to instill a sense of national pride. list two food chains in the food web. She spent 1/4 of her money on a shirt and 2/5 on shoes. What fraction of money has been spent What is considered deviant in one culture may not be considered deviant in another culture because? Express in exponential form.Log2(x)=3 a utility bill shows that a household use 2001 gallons of water in a 5-day period. what was the average amount of water used by the households each day Of the molecules sif4 and sibr4, which has bonds that are more polar Read the passage. It begins when people leave the crowded city and move to a rural area. They build a new community and more people move in. Development follows until most of the land has been used. Then citizens organize to stop the development. They start a petition drive to place a referendum on the ballot. The passage uses what organizational pattern? write the formula for calcium chloride. Explain how you determined this formula How many different kinsds of polypeptides, each composed of 12 amino acids, could be synthesized using 20 common amino acids? Steam Workshop Downloader