answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kkurt [141]
2 years ago
3

A long stretch of national economic hardship causes a 7% rate of inflation. A policyowner notices that the face value of her lif

e insurance policy has been raised 7% as a result. Which policy rider caused this change?
Business
2 answers:
gulaghasi [49]2 years ago
5 0

Answer:

The Policy of Insurance policy that is sensitive and reflects the inflationary changes in a society is called the<em> Insurance Inflation Protection.</em>

Explanation:

<em>Insurance Inflation protection </em>is an insurance policy feature in which the value of benefits increases by a pre-defined percentage for example the (7%) rate at specific time periods to keep up with inflation.

Consequently, the effect of inflation on insurance companies is that the renewal of the same number of exposures in future years generates higher written premiums. In the long run, insurance costs will keep pace with the rate of inflation, even though in some years insurance will exceed or lag the overall inflation rate.

MAXImum [283]2 years ago
4 0

Answer:

Cost of Living Rider

Explanation:

In insurance terms, a rider is a provision that adds or changes benefits to a basic policy, for example, a rider can restrict certain coverage, or provide additional coverage.

The cost of living rider basically increases the benefits received by a policy holder if the cost of living (inflation) increases. This cost of living is generally determined by the CPI calculated by the Bureau of Labor Statistics.

You might be interested in
Troy starts a job right out of college. He feels lucky to have found a position in the financial industry. Troy knows that he ne
Mashutka [201]

Answer:

Mentoring Plan.

Explanation:

This is a form of a continuous schooling process that is more of ‘giving advice’, or passing on what your experience was in a particular area or situation.

It is a system of semi structured guidance whereby one person shares their knowledge, skills and experience to assist others to progress in their own lives and careers. Mentors need to be readily accessible and prepared to offer help as the need arises within agreed bounds.

Mentors very often have their own mentors, and in turn their mentees might wish to ‘put something back’ and become mentors themselves - it's a chain for ‘passing on’ good practice so that the benefits can be widely spread.

3 0
2 years ago
If an individual orders an alcoholic beverage in a private club, what is the first question the server should ask?
Free_Kalibri [48]

Answer

He should ask him/her whether is a member and ask for a membership card.

Explanation

Membership cards are small cards that are used by or within a certain organisation for the purpose of verifying whether a person is a valid member of that organisation or club or whichever type of a group it is . For one to have a membership card you have to pay a certain amount of money as a membership fee to that organisation. The fee might be annually regarding to the terms of that organisation.

3 0
2 years ago
Read 2 more answers
A project that costs $23,500 today will generate cash flows of $9,300 per year for seven years. What is the project's payback pe
gtnhenbr [62]

Answer:

It will take 3 years and 192 days to cover for the initial investment.

Explanation:

Giving the following information:

Initial investment= $23,500

Cash fow= $9,300

Time period= 7 years

<u>The payback period is the time required to cover for the initial investment.</u>

<u></u>

Year 1= 9,300 - 23,500= - 14,200

Year 2= 9,300 - 14,200= - 4,900

Year 3= 9,300 - 4,900= 4,400

To be more accurate:

(4,900/9,300)*365= 192

It will take 3 years and 192 days to cover for the initial investment.

7 0
2 years ago
Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. Th
netineya [11]

Answer:

A) 100

Explanation:

total sales 3,600 units

cost per unit $200

cost of placing order $40

holding cost $20 per year

working days 360 per year

lead time 5 days

If Mark orders 200 units each time, his average inventory ?

daily sales = total sales / working days = 3,600 / 360 = 10 units per day

number of orders per year = 3,600 / 200 = 18

Mark places one order every = 360 days / 18 orders = 20 days

average inventory = (200 units / 20 days) x 10 days = 100

I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.

8 0
2 years ago
When Coca-Cola determines the bottled-water competitors for its Dasani brand by identifying the products or sets of products wit
GarryVolchara [31]

Answer: Category membership

Explanation:    

 According to the given question, the given situation is basically determining the dasani's category membership as it helps in categorizing the various types of products and the services on the basis of their similar features and the characteristics.

The main purpose of the category membership is that it helps in understanding the various types of offers related to the specific brand and also the high competitive choice.

The customers basically wanted the product at lower price with high quality and they usually prefer the discount offers. Therefore, Category membership is the correct answer.  

   

4 0
2 years ago
Other questions:
  • what are the advantages and disadvantages of using globalization (mass marketing) versus customization (market segmentation) for
    8·1 answer
  • Based on the above table, which services-providing industry gained the most jobs between 1996 and 2006?
    5·2 answers
  • Hungry lunch has net income of $73,402, a price-earnings ratio of 13.7, and earnings per share of $.43. How many shares of stock
    13·2 answers
  • Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic r
    6·1 answer
  • Ames Trading Co. has the following products in its ending inventory.
    15·1 answer
  • Suppose the rate of return on a 10-year T-bond is currently 5.00% and that on a 10-year Treasury Inflation Protected Security (T
    7·2 answers
  • Doctor Company prepared the tabulation below at December 31, 2017. Net Income $307,000 Adjustments to reconcile net income to ne
    15·1 answer
  • To illustrate the law of large numbers (see also Exercise 5.54 on page 172), use the normal approximation to the binomial distri
    6·1 answer
  • If a firm has a service that is valuable, rare, and costly-to-imitate, but a substitute exists for the service, the firm will
    15·1 answer
  • Player Corporation purchased 100 percent of Scout Company's common stock on January 1, 20X5, and paid $28,000 above book value.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!