In a communist economic system, such as that of the former Soviet Union, economic decisions are primarily made by the government.
The government controls the production, distribution, and pricing of all goods and services. This means that the government decides what should be produced, how it should be produced, who should produce it, who should receive it and at what price it should be sold. This is done to ensure that everyone in the country has access to necessities and that there is an equitable distribution of wealth and resources within the economy.
The government also controls the banking system and sets the exchange rate, interest rates, and other financial policies. All of this is directed by the central planning board, which is a branch of the government.
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to what extent do you agree that the success of the business will depends on setting clear marketin gobjectives
I completely agree that the success of the business will depends on setting clear marketing objectives. For the majority of small firms, very effective marketing is a must-have.
All of a company's efforts to acquire consumers and keep them as clients fall under the purview of marketing as a discipline. Writing thank you notes, playing golf with prospective customers, promptly answering phone calls and emails, and scheduling coffee or dinner meetings with clients are all examples of networking with future or former clients that may be done as part of the job. Marketing, at its most fundamental level, is to connect a business's goods and services with potential clients who desire to use them. Profitability is finally assured by the matching of items to consumers. Traditional marketing methods like those employed in television, radio, direct mail, and word-of-mouth campaigns used to be the mainstay of marketing. All business endeavours aimed at promoting and converting consumers into customers are referred to as marketing.
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a spatial analyst has created a project in arcgis pro. which two items can be stored in the project to use when needed?
The items that can be stored in the project to use when needed are One type includes maps, scenes, layouts, and other views of your data. The other type is connections that provide access to the contents of folders, databases, and other resources.
In technology and computer, ArcGIS Pro generally can be defined as desktop GIS software developed by Esri, which replaces their ArcMap software generation. The product was announced as part of Esri's ArcGIS 10.3 release, ArcGIS Pro is notable in having a 64 bit architecture, combined 2-D, 3-D support, ArcGIS Online integration and Python 3 support.
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• Karen's husband, Fred, moved out of their family home in April of 2021. She has not heard from him since. Karen and Fred are not legally separated. • Karen has two children, Avery, age 12, and George, age 15. She will claim them as her dependents on her 2021 tax return. Karen is 38 years old. • Karen earned $28,000 in wages. She also received $1 of interest and $12,500 of unemployment income. • Karen made a cash contribution of $650 to the Red Cross. She does not have enough deductions to itemize this year. • Karen paid all the cost to keep up her home and to support Avery and George. • Karen received her third economic impact payment (EIP3) of $5,600 based on her 2020 tax return filed jointly with her husband. • They all are U.S. citizens and have valid social security numbers. Karen, George, and Avery lived in the U.S. all year
Which of the following are not reported as income on karen’s 2021 tax return?
A. Unemployment
B. Wages
C. imterest
D. Economic Impact Payment (EIP 3)
option D. Economic Impact Payment (EIP 3), Economic impact payments, also known as stimulus payments or EIPs.
Economic impact payments, also known as stimulus payments or EIPs, are payments provided by the government to help individuals and families cope with the financial impact of the COVID-19 pandemic. EIPs are typically not considered taxable income and do not need to be reported on tax returns.
In Karen's case, she received her third EIP of $5,600, but this is not considered income and does not need to be reported on her 2021 tax return. On the other hand, her wages of $28,000, interest income of $1, and unemployment income of $12,500 are considered taxable income and must be reported on her tax return.
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complete governmental control is a characteristic of which of the three main economic systems
Complete control is not a characteristic of any of the three main economic systems.
An economic system, sometimes known as an economic order, is a system for creating, allocating resources, and distributing goods and services within a community or geographical region. It consists of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that compose a specific community's economic structure.
A social system is a form of economic system. Traditionally, economic system analysis has concentrated on the contrasts and parallels between market economies and planned economies, as well as between capitalism and socialism. An economic system is a component of the social system and is hierarchically equivalent to the legal system, political system, cultural system, and so on.
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the objectives of financial accounting include (select all that apply.) multiple select question. provide information used to evaluate future cash flows. provide information to investors and creditors. provide managers with internal information for decisions. regulate businesses globally. regulate businesses in the united sta4
The objectives of financial accounting include:
provide information used to evaluate future cash flows. provide information to investors and creditors. regulate businesses globally. regulate businesses in the United States What is financial accounting ?The process of recording, compiling, and reporting the numerous transactions occurring from corporate operations throughout time is known as financial accounting. It is a particular branch of accounting.
Financial statements including the balance sheet, income statement, statement of cash flow, and statement of changes in shareholder equity are used in financial reporting.
In contrast to managerial (or cost) accounting, which is used more for internal strategy planning, financial reporting is more focused on reporting to external audiences.
Financial accounting can therefore be used to regulate businesses both globally and in the United States.
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Which management perspective is most closely aligned to industrial psychology?Classical managementBehavioral management perspectiveOperations managementScientific management
Classical management perspective is most closely aligned to industrial psychology. In this case option A is correct
For maximum workplace efficiency, the classical management theory emphasizes hierarchy, specialized roles, and single leadership.
Based on the following tenets, classical management theory:
The most effective method of performing a task should be decided using scientific management.Based on their abilities and specializations, employees are chosen for specific jobs.As many processes as possible should be streamlined.A single person or a small group of high-ranking officials decides everything.It's important to be productive.Profit expansion takes precedence.To know more about Classical management here
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on january 1, year 2, a company capitalized $200,000 of costs for software that is to be sold. the company amortizes the software costs on a straight-line basis over five years. the carrying value of the software costs on january 1, year 3, was $160,000. as of december 31, year 3, the current revenue generated from the sale of the software is $180,000 and the estimated future gross revenue generated is $270,000. what amount of amortization expense related to the software should the company report for the year ended december 31, year 3?
The company should report $20,000 of amortization expense related to the software for the year ended December 31, year 3.
First, let's find the carrying value of the software at the end of the year:
Carrying Value = Capitalized Cost - Accumulated Amortization
Capitalized cost = $200,000
Accumulated amortization = (Capitalized Cost - Carrying Value) / Remaining useful life
Remaining useful life = 5 years - (3 years - 1 year) = 2 years
Accumulated amortization = ($200,000 - $160,000) / 2 = $20,000
Carrying Value = $200,000 - $20,000 = $180,000
Next, let's find the amortization expense for the year:
Amortization Expense = Carrying Value at the beginning of the year - Carrying Value at the end of the year
Carrying value at the beginning of the year = $160,000
Carrying value at the end of the year = $180,000
Amortization Expense = $160,000 - $180,000 = -$20,000
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a balance sheet shows cash, $75,000; marketable securities, $110,000; receivables, $90,000; and $225,000 of inventories. current liabilities are $200,000. the current ratio is 1.375 to 1. (T/F)
This statement is False. The current ratio for this balance sheet is 3.25 to 1, The current ratio is calculated by dividing current assets (cash, marketable securities, receivables, and inventories) by current liabilities (in this case, $200,000). Therefore, the current ratio for this balance sheet is 3.25 to 1, calculated as follows:
Current Assets = $75,000 + $110,000 + $90,000 + $225,000 = $500,000
Current Liabilities = $2,00,000
Current Ratio = Current Assets / Current Liabilities = $500,000 / $200,000 = 3.25 to 1
The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations. The higher the current ratio, the more capable a company is of paying its obligations. A ratio of 1.5 or higher is considered healthy.
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what is the motive behind yinguangxia scandal
The motive behind the Yinguangxia scandal is believed to be financial gain.
Yinguangxia was a company that claimed to be producing clean energy through a new technology, and it attracted a lot of investment. However, it was later discovered that the technology was not viable and the company was actually a fraud.
The individuals behind the scam likely created the company with the intention of attracting investment and using the funds for personal gain, rather than for actually producing clean energy.
The scandal highlights the importance of due diligence and careful examination of investment opportunities before committing funds. It also serves as a warning to investors to be cautious of companies that make overly optimistic claims or have questionable business practices.
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the number of personal financial records a household has to organize may seem overwhelming. how long should you keep copies of your tax returns?'
If you file a request for credit or refund after submitting your return, keep records for three years from the date of your initial return's filing or two years from the day you paid the tax, which comes first.
What is a tax?In order to pay for general government services, goods, and activities, local, state, and federal governments must collect mandated payments or charges from citizens and corporations.
Why was tax created?A fundamental method for nations to produce public revenues that enable them to support investment in human capital, infrastructure, as well as the supply of services for citizens and companies is through the collection of taxes and levies.
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if you are to invest your logistical/operational process what are some key decisions you take inline with current and future operation situation ?
It is important to consider the customer experience when making decisions on how to invest, as customer satisfaction and loyalty are both important factors in the success of any business.
Some key decisions to consider when investing in a logistical/operational process include evaluating current and future operation needs, researching efficient technologies, and selecting a system that is cost-effective and user-friendly. It is important to consider the scalability of the system to meet future needs, as well as the speed and accuracy of the process. Additionally, evaluating the security measures in place to protect data and customer information is essential. Automation can also play a role in streamlining the process and reducing human error. Lastly, it is important to consider the customer experience when making decisions on how to invest, as customer satisfaction and loyalty are both important factors in the success of any business.
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three core principles, focused on helping businesses reach their online potential, are the foundation for ads. the first of these is relevance. ads connects businesses with the right people at the right time. upon which other principles was ads built?
Through the concepts of inalienable rights and popular consent, the Declaration of Independence elaborates on the rights and role of the populace in laying the foundations of the American republic.
The Declaration of Independence, penned by President Thomas Jefferson on July 4, 1776, to commemorate the Second Continental Congress' statement that all American colonies were free of British rule, can be characterized as a renowned American document. In essence, the Declaration of Independence is a public Act that, on July 4, 1776, the Second Continental Congress used to formally and legally declare the American Colonies free of Great Britain. The 56 delegates that attended the Second Continental Congress also signed it. Finally, in order to lay the foundations for the American nation, the Declaration of Independence outlines the ideas of unalienable rights and popular consent.
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how to search analytics cloud 15- quantity of helmets sold to dc bikes in 2018 in tableau
Tableau assists individuals and associations with being more information driven. Tableau Software is an American intelligent data visualization software company zeroed in on business knowledge
To search for the quantity of helmets sold to DC Bikes in 2018 in Tableau, follow these steps:
Connect to your data source: Open Tableau and connect to your data source that contains information about sales, such as a sales database or spreadsheet.Create a new worksheet: Click on the Worksheet tab and select New Worksheet.Drag and drop the necessary fields: In the Data pane, drag the fields for the "Year," "Customer Name," and "Quantity Sold" to the Rows and Columns shelves.Filter for 2018: Right-click on the Year field in the Rows shelf and select "Filter." In the Filter dialog box, select 2018.Filter for DC Bikes: Right-click on the Customer Name field in the Rows shelf and select "Filter." In the Filter dialog box, select DC Bikes.Visualize the data: In the Marks card, change the mark type to a bar chart. Drag the Quantity Sold field to the Columns shelf and observe the bar chart that represents the quantity of helmets sold to DC Bikes in 2018.Save the view: Save the view by clicking File -> Save or using the Ctrl + S shortcut.Now you have a visual representation of the quantity of helmets sold to DC Bikes in 2018 in Tableau. You can also further customize the view to meet your needs, such as adding reference lines, sorting the data, and adding calculations.
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Currently Digby is paying a dividend of $0.69 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?Select: 11.02%1.66%78.50%1.27% Stock Market Summary Company Close Change Shares MarketCap ($M) Book Value EPS Dividend Yield P/E
Andrews $28.75 $6.35 2,990,244 $86 $12.66 $3.23 $8.75 30.40% 8.9
Baldwin $194.77 $68.38 1,905,601 $371 $64.89 $26.57 $17.79 9.10% 7.3
Chester $40.77 $12.94 3,403,512 $139 $27.71 $3.21 $2.91 7.10% 12.7
Digby $49.24 $9.86 3,150,938 $155 $37.86 $3.35 $0.69
The answer is P / E = market price / earnings per share = 14.7 marks.
In this case, $500,000 / $1,000,000 = $0.50 dividend per share. To calculate the dividend yield, he simply divides the annual dividend per share by the price per share. For example, if a company pays a dividend of approximately INR 412 per his share and the current share price is INR 12,370, its dividend yield would be 3.33%.
How is the dividend rate calculated?
Digby Imaging Results currently pays a dividend of $0.69 per share. What would the dividend yield be if the dividend remained the same and the stock price increased by 10%? To select:
11.02% 1.66x.50% 1.27% Stock Market Overview Company Closing Price Market Cap ($M) Book Value EPS Dividend Yield 7.3 Chester $40.77 $12.94 3,403,512 $139 $27.71 $3.21 2 .91$7.10.7 Digby $49.24 $9.86 3,158 PTS $1,150
To calculate the dividend yield, simply divide the annual dividend per share by the price per share. For example, if a company pays a dividend of approximately INR 412 per his share and the current share price is INR 12,370, its dividend yield would be 3.33%.
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contribution margin equals ________.
The answer of the given question- Contribution margin equals revenue variable cost.
What is variable cost?Variable costs are those that alter as a business's output of a good or service changes in quantity. The total of marginal costs throughout all units produced represents variable costs. They may also be regarded as typical expenses. The two elements of total cost are fixed costs and indirect cost. Direct costs are expenses that are directly related to a certain cost object. But not all changeable costs are related to direct expenses. For instance, variable overhead costs in manufacturing are variable expenses that are indirect costs rather than direct costs. Because they vary depending on how many units are generated, variable costs are also known as unit-level costs. While actual costs and direct costs are frequently referred to as prime costs, direct labour and overhead are frequently referred to as conversion costs.
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What are three ways savings accounts differ from checking accounts?
For routine transactions like shopping, paying bills, and ATM withdrawals, checking accounts are preferable. Usually, they receive zero or very little interest. Money can be kept in savings accounts better. The interest on your money often grows more.
How do savings accounts and checking accounts differ from one another?The primary distinction between a checking account and savings account is that the former is used mostly for everyday access to your money while the latter is used for saving. Since checking accounts let you access your money whenever and whenever you need it, they are referred to as "transactional" accounts. Checking accounts give you continuous, easy access to your money, and some of them pay interest. Savings accounts often serve a specific financial objective or purpose, have withdrawal restrictions, and pay interest (vacation, home remodel, etc).
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monopolistic competition is considered inefficient because a. long-run profits are positive. b. price exceeds marginal cost. c. barriers to entry limit the number of firms in the market. d. output is excessive.
The price is more than the marginal cost in monopolistic competition, which is seen as inefficient. The right response in this case is option B.
In a monopolistically competitive market, firms have some market power, allowing them to charge prices higher than the marginal cost of production.
This results in an inefficient allocation of resources as some consumers are willing to pay more for differentiated products than it costs to produce them. This means that the price of the good is higher than the socially optimal price and the quantity produced is lower than the socially optimal quantity, leading to a deadweight loss.
While long-run profits may be positive in monopolistic competition, this is not the primary reason why it is considered inefficient. Similarly, the presence of barriers to entry and the excessive output of firms are also not the main reasons why monopolistic competition is considered inefficient.
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the name generally given to the decision rules for determining whether or not a process is in control is
The Western Electric rules are statistical process control decision rules used to identify non-random or out-of-control conditions on control charts.
Control charts are used in statistics to check if a business or industrial process is in a controlled statistical state. This graph is a chart that shows how a process has changed over time. These diagrams are frequently referred to as process-behavior charts or Shewhart diagrams. Statistical Process Control charts most frequently take the form of Xbar-R charts. The Xbar and range chart are tools that operators can use to track data for a variable. Given that samples must be taken at regular intervals and that the sample size is tiny on constant, this is very helpful. Executives can choose from the following three types of control systems: output control, behavioural control, and clan control. Organizations stress various forms of control in different ways.
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Which 3 conditions could lead to the beginning balance of a bank or credit card reconciliation being inaccurate?a. A reconciled transaction's status was changed to not reconciledb. An unreconciled transaction's amount was changedc. A reconciled transaction's amount was changedd. A reconciled transaction's payee was changede. An unreconciled transaction's payee was changed.f. A reconciled transaction was deleted
The three conditions that could lead to the beginning balance of a bank or credit card reconciliation being inaccurate are:
a. A reconciled transaction's status was changed to not reconciled: If a transaction that was previously reconciled is marked as not reconciled, it can affect the accuracy of the beginning balance.
b. An unreconciled transaction's amount was changed: If the amount of an unreconciled transaction is modified, it can result in an incorrect beginning balance.
c. A reconciled transaction's amount was changed: If the amount of a previously reconciled transaction is modified, it can impact the accuracy of the beginning balance.
It's important to note that any changes made to reconciled transactions can potentially affect the reconciliation process and result in an inaccurate beginning balance.
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ringling company incurs the following manufacturing costs: a)) raw material purchases of $4,200 on account. b)) factory labor of $18,000. of that amount, $15,000 relates to wages payable and $3,000 relates to payroll taxes payable. c)) factory utilities of $2,200 are payable, prepaid factory insurance of $1,800 has expired, and depreciation on the factory building is $3,500.
Prepare journal entries for each type of manufacturing cost:
a)) Raw Materials Inventory ⇒ 4,200
Accounts Payable = 4,200
Purchases of raw materials on accountJournal entries for Manufacturing cost- Other bills:
b)) Factory Labor ⇒ 18,000
Factory Wages Payable ⇒ 15,000
Employer Payroll Taxes Payable ⇒ 3,000
This is to record factory labor costsc)) Manufacturing Overhead ⇒ 7,500
Utilities Payable ⇒ 2,200
Prepaid Insurance ⇒ 1,800
Accumulated Depreciation ⇒ 3,500
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Peter is creating a spreadsheet to summarize labor costs, which is shown above. He has entered information into the Description column, Quantity/Shoe column, and Total Cost column. However, there are several errors in the Total Cost column.The chart shows that 30 appliques can be attached for a cost of $10/hour. If there are 6 appliques per shoe (cell B12), how much is the cost per shoe for applying the appliques?a. $0.20b. $0.02c. $2.00d. $0.33
If there are 6 appliques per shoe, then the cost per shoe for applying the appliques is option C. $2.00.
Total appliques = 30
If, 1 shoe = 6 appliques
than 5 shoes = 30 appliques (6X5=30)
Total cost = $10/hour
$10/hour = 30 appliques or 5 shoes
If 5 shoes = $10/hour
than
1 shoe = $10/5 shoes
= $2
Therefore, the cost per shoe for applying the appliques is $2.
A component of the wage bill or payroll known as labour cost can be precisely and consistently attributed to or related with the production of a good, a specific job order, or the delivery of a service. They are often referenced to as salary costs since they indicate the cost of employing compensated labour.
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sources of market power for a monopoly include i. economies of scale ii. patents and licenses iii. ownership or control of essential resources
A monopoly can be produced by the government, such as through patents, by a huge economy of scale or a network externality, or by controlling an important or sufficiently valuable input to the manufacturing process.
What is a monopoly?
A monopoly is a market arrangement where one producer or seller holds a disproportionate amount of power within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and impede competition. Antitrust laws are in existence in the US to prevent monopolies, guaranteeing that one company cannot dominate a market and take advantage of its dominance to take advantage of its customers. A company that enjoys monopoly status lacks replacements for its goods and faces little internal rivalry. Monopolies have the power to set prices and erect obstacles to entry for rival businesses.
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If the interest rate on an account is 11.5% compounded annually, approximately how many years will it take to triple the deposit?
The answer is 10.0925 years, which is how long it takes to triple a sum at an annual compound interest rate of 11.5%.
Given according to the questions-
Rate of Interest (R) = 11.5%
Considered according to the questions-
Let us consider the Principal (P) be = 100
Then amount (A) according to the question be= 300
According to the formulae
[tex]A = P ( 1 + R) T[/tex]
300 = 100( 1 + 11.5 / 100) T
300 = 100 (111.5 / 100) T
3 = (1.115) T
T= 10 Years approx
I = Nominal Interest Rate n is the annual number of compounding sessions or compounding frequency. The interest's applicable period of time, expressed commonly in years, is indicated by the variable t. To put it simply, you divide the interest rate by the number of times compound interest is earned annually.
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the direct provision of money, grants, or subsidies to eligible individuals by the federal government is known as a
A welfare programme is the direct distribution of funds, grants, or subsidies by the federal government to qualified persons.
Welfare programmes are those in which the federal government directly provides funds, grants, or subsidies to qualified persons. Individuals in need, such as low-income families, the elderly, and those with disabilities, are intended to get financial aid through these programmes. Welfare schemes like the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TANF), and Social Security Disability Insurance are examples (SSDI). These initiatives aim to support people in meeting their fundamental requirements, provide as a safety net in trying times, and encourage economic stability. Providing assistance to individuals in need helps welfare programmes achieve their objective of reducing inequality and poverty.
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you have taken over as the project manager for one of the top golf equipment producers in the world. the previous project manager was overseeing the development of this year's club models. the budget they created was short sighted and based upon the previous year's numbers. you have determined that, due to material costs, the approved budget will need to be increased. which action is required to increase the budget? answers a. hold a stakeholder meeting b. use the project's contingency fund c. request an increase using informal written communication d. initiate a change request
The recommended action to increase the budget would be to initiate a change request. This formal process typically involves documenting the change's need and the project's impact and obtaining approval from relevant stakeholders and management.
The change request ensures that all necessary information and documentation is gathered, evaluated and approved in a structured manner, helping to avoid any misunderstandings or miscommunication about the budget increase.
Initiating a change request is the recommended action to increase the budget because it is a formal process that ensures all necessary information and documentation is gathered and evaluated in a structured manner.
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which of the following statements is (are) correct regarding a t-account? (check all that apply.) multiple select question. a t-account will show the debit and credit effects of transactions. a t-account reflects whether a transaction was posted correctly. a t-account may be used as a tool to visualize the effects of a transaction. a t-account represents a ledger account.
The correct statements are:
A)a t-account will show the debit and credit effects of transactions.
B)a t-account may be used as a tool to visualize the effects of a transaction.
C) a t-account represents a ledger account.
A t-account is a visual representation of a ledger account that is used in double-entry accounting. It shows the debit and credit effects of transactions and helps to visualize the changes in the account balance.
A t-account has the form of a "T" with the debit entries recorded on the left side and the credit entries recorded on the right side.
It is used to ensure that transactions are recorded correctly in accordance with the double-entry accounting principle, which states that every transaction must have two equal and opposite effects. Thus, a t-account can be used to check the accuracy of transactions.
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Which of Porter’s three strategies are evident in the use of scan-as-you-go mobile devices and digital wallets in these examples?Porter's three-strategy model is Overall cost leadership; Differentation; and Focus.The goal of applying this technology is customer-oriented, not market-oriented, so it can represent a differentiation and overall cost leadership strategy not a focus strategy. Regarding the differentiation strategy, USA's Stop & Shop differentiates its service from traditional retail stores by using a mobile device called Scan It. Even in the construction of the mobile scanner those retail stores also created a different form of scanning that makes a difference in depth.With the overall cost strategy, those retail stores have saved customers a lot of time. And people often say "time is as precious as gold". In addition, not to mention these applications allow retailers to reduce the cost of products.
Porter's three-strategy model is a framework for companies to analyze and decide on the most effective strategy for their business. The three strategies are: overall cost leadership, differentiation, and focus.
The use of scan-as-you-go mobile devices and digital wallets in the examples can represent both the differentiation strategy and the overall cost leadership strategy. The goal of the technology is customer-oriented and the stores aim to differentiate their service from traditional retail stores by using a mobile device called Scan It. This creates a different form of scanning that makes a difference in depth. The use of the technology also saves customers time and allows retailers to reduce the cost of products, which supports the overall cost leadership strategy. At the same time, the use of this technology saves customers time and allows retailers to reduce the cost of products. In conclusion, the use of scan-as-you-go mobile devices and digital wallets can support both the differentiation strategy and the overall cost leadership strategy.
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the three requirements for becoming a cpa include all but which of the following? uniform cpa examination requirement educational requirements character requirements experience requirement
Character requirement. The Uniform CPA Examination safeguards the public interest by assisting in making sure that only eligible people are granted U.S. Certified Public Accountant licenses (CPA).
To sit for the CPA Exam a candidate must meet the following requirements: Be 18 years old; of good moral character; has a baccalaureate degree or master's degree conferred by a college or university recognized by the board with a major or concentration in accounting or its equivalent, as defined in administrative regulations promulgated by the board; and all candidates must have a Social Security number. Each applicant must provide the Board with a final official transcript that clearly indicates the applicant has earned a baccalaureate or master's degree with a concentration in accounting, and the date the degree was conferred. A concentration in accounting means a minimum of 39 semester hours in business-related subjects, of which at least 27 semester hours consists of accounting courses.
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in order to be insurable, a risk of loss must meet five general principles, one of which is, the risk of loss must be
One of the general principles for the the risks to be insurable is: the risk of loss must be calculable.
Not all risks are insurable. And, while insurance is intended to assist protect against the many risks of loss that come with owning a business, it was never intended to cover everything.
Insurance businesses must make a profit in order to live. As a result, they only agree to cover risks those they believe are insurable—risks that allow them to profit. In the simplest terms, an insurer will consider a risk insurable if it can charge a premium that covers potential claims and operational expenditures while still earning a profit.
Some conditions for the risks to be insurable are:
- The loss must be unintentional and accidental.
- The loss must be quantifiable and determinable.
- The possibility of loss must be calculable.
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which of the following statements is true of the different types of innovations? group of answer choices an innovation is considered a component innovation if it significantly affects the overall configuration of the system of which it is a component. an innovation that was once considered radical may eventually be considered incremental as the knowledge base underlying the innovation becomes more common. an architectural innovation is also called a modular innovation. process innovations are more visible than product innovations.
As the knowledge foundation underpinning the invention becomes more widespread, an innovation that was originally seen as radical may later be deemed incremental.
Innovation is the process of developing new things or enhancing current systems, procedures, or goods. Component innovations, architectural innovations, incremental innovations, and radical innovations are only a few of the different kinds of innovations. A component innovation has a big impact on how the system it's a part of is set up overall. A modular innovation entails making modifications to a single component or module, whereas an architectural innovation refers to changes in the core design of a product or system. While radical innovations require the introduction of something entirely new, incremental innovations focus on making little adjustments to currently available goods, services, or systems. As the knowledge foundation underpinning the invention becomes more widespread, an innovation that was originally seen as radical may later be deemed incremental.
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