The viability and relevancy of insurance products sold to businesses and individuals by Old Mutual?
Answer
Insurance products protect against financial risk and property loss. They provide stability to individuals and businesses in the long run.
Explanation
An insurance product is a type of financial arrangement in which the insurance provider agrees to pay on covered claims. In turn, the buyer pays a monthly premium. Common insurance products are life insurance, auto insurance, health insurance, home insurance, etc.
Insurance products are bought by individuals and businesses as a form of risk management. They are used as a hedge against uncertain loss and contingency. Insurance provides a sense of security. Thus the businesses can take risks and make greater profits. Insurance products can be considered viable if they are profitable
Further Explanation
There are a large number of financial products and tools such as savings, loans, insurance products, and current income, etc, that can help businesses and individuals to manage risk. Among these, insurance products are the most valuable and relevant.
If the other alternative tools and products mentioned above are accessible at a lower cost and are providing better coverage than insurance products, then in that case insurance products will not remain relevant.
But these alternative tools are relevant only if the cost to be covered is low or the event is predictable. So in most situations, the insurance products are relevant, as they protect individuals and businesses against potential loss on behalf of a fee which is premium. The cost of loss is transferred to the insurance provider.
Learn more
Learn more about life insurance at: https://brainly.com/question/1373572
(Answered by Meerkat18)
Learn more about Insurance products at: https://brainly.com/question/4685969
(Answered by LearnGrow)
Keywords
Insurance, Risk, Security, financial loss, stability, finance, businesses, Uncertainty, profits, premium.
The ______ operator always follows the cin object, and the ______ operator follows the cout 44 object.
Okun's law states that ____________.
a. when growth of gdp is positive, it tends to be positive in subsequent quarters.
b. when growth in real gdp is above 3%, unemployment drops and when it is below 3%, unemployment increases.
c. during recessions, firms tend to not lay off workers if they believe the slowdown will be temporary.
d. when growth in real gdp is below 3%, unemployment drops and when it is above 3%, unemployment increases.
The financial _________ law requires owners and operators of motor vehicles to be financially responsible for damages they cause when involved in a crash.
The answer to this question is the Financial Responsibility Law. The Financial Responsibility Law is a Law where in an individual should prove that in case of a motor accident he or she can be able to pay the damages. These are the situations where an individual need to show proof of being financially responsible is when you have to register your car, after a collision or accident happened, and when a police officer asked you during a traffic stop.
Answer:
The answer is the financial responsibility law
Explanation:
Tim and Mike work for a broker who tells them to call their clients and inform them whenever their investments gain or lose 3% or more in value. They are also ordered to recommend a stock that rose more than 10% in value that same day. What are Tim and Mike subtly encouraging their clients to do?
Lenovo, the chinese computer manufacturer, is a corporation where it is difficult to identify one country as the home country. lenovo can be described as a _____ corporation.
Final answer:
Lenovo can be described as a multinational corporation with operations and offices in multiple countries. Examples of global assembly lines and the relocation of clothing corporations demonstrate the impact of globalization on multinational corporations.
Explanation:
Lenovo can be described as a multinational corporation. A multinational is a large corporation that has manufacturing or service companies in various countries. Lenovo, a Chinese computer manufacturer, has operations and offices in multiple countries, making it difficult to identify one country as its home country.
One example of global assembly lines is the production of Apple products. Apple designs its products in the United States, sources components from different countries, and outsources assembly and tech support to other nations. Similarly, Lenovo operates globally and relies on international transactions to manufacture and support its products.
The relocation of clothing corporations from the United States to China is another example of globalization and multinational corporations. This shift in manufacturing locations has led to changes in global supply chains.
If a firm is producing so that the point chosen along the production possibility frontier is socially preferred, then that firm is said to have achieved:
A firm achieves allocative efficiency when it chooses a production point on the production possibility frontier (PPF) that is socially preferred. This means that resources are used to produce the goods and services most valued by society.
Explanation:If a firm is producing goods and services such that the production point chosen along the production possibility frontier (PPF) is socially preferred, that firm is said to have achieved allocative efficiency. The PPF shows the maximum possible output combinations of two goods or services that a business can achieve, given the limited resources. It's based on the concept of economic efficiency, which involves making the best use of scarce resources.
The PPF takes a typical outward curve shape, indicating an increase in the production of one good can only be done by decreasing the production of the other. Choices inside the PPF are considered wasteful, while choices beyond the PPF are unobtainable given the current resources and technology. By choosing a production point on the PPF that is socially preferred, the firm ensures that its resources are used to produce the goods and services that society most values, thereby achieving allocative efficiency.
Learn more about allocative efficiency here:https://brainly.com/question/29376944
#SPJ3
If you show the audience the impact of brain injuries in child athletes and then tell how to improve the situation, you are using which organizational pattern?
The answer to this question is Problem and solution organizational pattern. In Problem and solution organizational pattern it presents the problem and what caused the problem then explains the possible solution for the problem. Using this kind of organizational pattern, it can persuasive listeners and can tend to let the audience believe in the solution that the person is implying.
A mixed economy is
A.dependent only on the choices of individuals and businesses
B.a combination of individual choice and government protection
C.where people produce and trade traditional goods
D.completely based on government decisions
A mixed economy is a combination of individual choice and government protection. Hence, option B is appropriate.
What is the Mixed Economy?A system that has elements of both socialism and capitalism is called a mixed economy. A mixed economy protects private property as well as permits some economic freedom in the utilization of capital, but it also permits government intervention in the economy to further social objectives.
An economic system that combines parts of a market economy with elements of a planned economy, marketplaces plus state interventionism, combining private enterprise with public enterprise is referred to as a "mixed economy." A blend of free-market and socialist ideals characterizes all mixed economies.
Market, command, as well as traditional economies, are the three diverse types of economies that are combined in a mixed economy. It's critical to first comprehend every one of the three sorts of economies that make up a mixed economy to comprehend how it functions.
Hence, option B is correct.
Learn more about the Mixed Economy here:
https://brainly.com/question/28793850
#SPJ5
Golddigger services inc. provides services to clients. on may 1, a client prepaid golddigger services $65,000 for 6-months services in advance. golddigger services' general journal entry to record this transaction will include a:
During the gdl program, the dps can suspend or revoke your license for __________ or more moving violations in twelve months.
The Department of Public Safety can suspend or revoke a driver's license under the GDL program for two or more moving violations within twelve months.
Explanation:During the Graduated Driver Licensing (GDL) program, the Department of Public Safety (DPS) can suspend or revoke your license for two or more moving violations in twelve months. This is to ensure that new drivers maintain a safe driving record and adhere to traffic laws. Accumulating multiple moving violations indicates to the DPS that the driver may not be practicing safe driving habits, and as such, poses a higher risk on the roads. This can lead to a suspension or revocation of driving privileges to protect the driver and others on the road. It's important for GDL participants to be mindful of traffic laws and strive for no violations to maintain their license status.
What is one of the opportunity costs of attending college?
One example of opportunity cost of attending college is “the highest valued alternative one forfeits to attend college”.
So basically, the opportunity cost would essentially be anything you would have done, and the money earned and saved had you not attended college. When people go to college, they come to a decision to put off full-time employment or a career for four years. Depending on one's scenario, the opportunity cost could be higher.
Answer: the money spent on tuition could’ve been invested in stocks or bonds.
Explanation: apex
Large expenses such as the purchase of a new mri machine or the building of a new office is known as:
One tip for building well-reasoned business positions is to
The correct answer to this question is:
“avoid faulty cause/effect claims”
As one analyzes issues related to the business, this is
most usually about trying to find causes and effects. In order to build
well-reasoned business positions, a person should avoid faulty cause/effect
claims. The reasoning should always be grounded on concrete
evidence and not just on emotions.
According to goal setting theory, an employer can increase employees’ motivation to reach goals by _____
Final answer:
According to goal-setting theory, an employer can increase employees’ motivation to reach goals by Employers can increase employees' motivation through S.M.A.R.T. goals,
Explanation:
Employers can increase employees' motivation by establishing specific, measurable, achievable, realistic, and time-targeted (S.M.A.R.T.) benchmarks for results. This helps ensure that employees are clearly aware of what is expected from them.
Additionally, providing feedback is essential as it helps maintain motivation and commitment to goals by allowing employees to see the results of their work in relation to the goal. Regularly rewarding employees either through financial bonuses or other recognitions can also increase their effort towards achieving these goals.
Emphasizing the importance of individual contributions to the collective goal can further enhance motivation and performance.
Aaron is a new employee in your department. what is the most effective way to train him
A florida driver will incur a fine of _____ if he or she is convicted of speeding in excess of 50 mph over the posted speed limit.
"when money specifies the value of something"
What are the two dominant manufacturers of processors for personal computers?
Answer: AMD & Intel
Explanation:
Resellers for universal containers need access to reports in the partner communities to help manage their opportunities.how should salesforce be configured to give resellers the correct level of access to reports?
Resellers can access reports in Salesforce's Partner Communities by assigning them a Partner Community License and enabling 'Run Reports' permission in their profile or permission set. The specific report folders they can access can further be customised through sharing rules.
Explanation:In Salesforce, it is possible to adjust permissions to allow resellers to access reports within the partner communities. Firstly, the reseller should be assigned a Partner Community License. The Partner Community user’s profile or permission set should be modified to have 'Run Reports' permission enabled. Depending on the exact view needed, it is also possible to customise the specific report folders resellers can access by setting up sharing rules for report folders. It is vital to ensure that the resellers only get access to the needed and relevant reports which are associated with their opportunities.
Learn more about Salesforce here:https://brainly.com/question/13362233
#SPJ12
Alex works as an accountant at a pharmaceutical company. his job frequently demands that he work overtime. lately, his health has taken a beating because of his overwork. alex is eligible for a promotion. but the new position would demand longer working hours at twice the pay of his current position. alex obviously values his health over his paycheck at the end of the month. in terms of expectancy theory, the promotion has a _____ for alex.
The answer to this question is a Negative Valence. The term Valence in psychology means an emotional value of a person’s attraction to a specific event or thing that can be either positive feeling or a negative feeling. Negative Valence often co notates the words such as fear, anger, sickness, death, etc.
What minimum amount of body weight loss (lbs) is shown to improve physical capabilities and quality of life?
If you took a new, strong antibiotic, which vitamin would you most likely need that you didn't need before
_______ advertising generally occurs in the growth and early maturity stages of the product life cycle, when competition is most intense, and attempts to accelerate the market’s acceptance of the product.
An insurance policy written after 1988 that fails to pass the seven-pay test is known as
An insurance policy written after 1988 that fails the seven-pay test is known as a modified endowment contract (MEC). It has certain tax rules and restrictions, and the tax treatment changes when a policy is classified as a MEC.
Explanation:An insurance policy written after 1988 that fails to pass the seven-pay test is known as a modified endowment contract (MEC).
A modified endowment contract is a type of life insurance policy that is subject to certain tax rules and restrictions. It is created when an insurance policy fails to meet the seven-pay test, which is a requirement for a policy to retain its tax benefits.
When a policy is classified as a modified endowment contract, the tax treatment changes, and certain distributions may be subject to income tax and penalties.
Learn more about modified endowment contract here:https://brainly.com/question/27962259
#SPJ6
Which bidding strategy should sara use if her goal is to get more people to call her local catering business?
The simple annual interest rate on a loan is 5%. what is the interest due on a loan of $3,500 after one year
The simple annual interest formula shows the interest charged on a loan.
To solve follow the formula - I = Prt
P is the principle, r is the annual interest in decimal form and t is the loan period.
I = ?
P principle = 3500
R interest rate = 0.05
T time 1 year
I=3,500×0.05×1
I=175
The answer is $175, so the amount of interest charged on the loan in one year is $175.
Your aunt has a fear that makes it difficult for her to leave her home. she feels trapped and is unable to work or engage in any type of activity that requires going outside of her home. you are not surprised when you find out your aunt is diagnosed with
In which core leader competency do you determine information sharing strategies?
Mary martin, the owner of martin consulting, started the business by investing $42,000 cash. identify the general journal entry below that martin consulting will make to record the transaction.