This is confirmation bias, although the analyst chooses to interpret the results positively, he is trying to prove his own theory.
Sales data analysis is very crucial to understand the trends of the sales. Data analyst try to analyze the sales data to set goals, improve sales and forecast future sales, and also the revenue which will be generated after the sales.
Data analysis plays a vital role in any organization, the goal of data analysis is to simplify the information available to you. Because not all people are able to understand complex sales data.
The bias used here is confirmation bias, it is our tendency to choose only those things that satisfies our theory. Here the analyst is trying to take positively that information which is ambiguous in nature just to prove his own theory.
Hence, This is confirmation bias, although the analyst chooses to interpret the results positively, he is trying to prove his own theory.
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investment accounts
savings accounts
demand accounts
The most liquid form of money is demand accounts, also known as demand deposits or checking accounts.
These accounts are offered by banks and credit unions and allow customers to deposit and withdraw funds on demand without any restrictions or penalties. This means that the money in a demand account is readily available and can be used for transactions or withdrawals at any time.
Cash and currency in circulation are also highly liquid forms of money, but they are not as convenient for large transactions and can be less secure than demand accounts.
Investment accounts and savings accounts are less liquid than demand accounts because they typically have restrictions on withdrawals, such as penalties or notice requirements, and may have minimum balance requirements or other limitations.
Overall, demand accounts are the most popular and widely used form of liquid money because of their ease of use and accessibility. They are also insured by the Federal Deposit Insurance Corporation (FDIC) in the United States, providing an extra level of security for depositors.
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A.buying both a car and a home
B.leasing both a car and home
C.buying a car and leasing a home
D.leasing a car and buying a home
B. insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property
C. coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease
D. insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease
Option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.
Further Explanation:
Health insurance:
Health insurance refers to the insurance coverage which pays for the medical and surgical expenses of the insured person. The health insurance covers the risk of medical expenses of the insured person and other covered individuals. It provides coverage for the payment of the expenses incurred due to sickness or injury. The insured person pays the periodic premium and receives the coverage at the time of the contingency.
Justification for the correct and incorrect option:
A.
Insurance underwritten for a group as a whole rather than each individual in it: This is an incorrect option. The health insurance is not underwritten for the life of the individual or group.
B.
Insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property: This is an incorrect option. The insurance that covers the physical damage of the property comes under property insurance.
C.
Coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease: This is an incorrect option because it is not mandatory that the medical insurance is provided by the employer.
D.
Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease: This is the correct option because the medical insurance covers the losses from the injury and diseases.
Thus, option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.
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Answer Details:
Grade: Senior School
Chapter: Insurance
Subject: Business Studies
Keywords: best, health, insurance, insurance, underwritten, group, whole, rather, than, each, individual, coverage, employees, medical, expenses, loss of wages, rehabilitation, costs, resulting, job-related, injuries, disease, insurance, covering, losses, resulting, medical, hospital, expenses, income, loss, injury, disease.
b. a maximum wage that firms may pay workers.
c. a minimum wage that firms may pay workers.
d. both a minimum wage and a maximum wage that firms may pay workers.
Answer:
A minimum wage that firms may pay workers (Option C)
Explanation:
A minimum wage is the lowest pay, wage or salary permitted by law for employers to pay their workers. In other words, a minimum wage is the price benchmark which workers should not go below in offering labor.
Minimum wages are legally established to protect or guard workers against unduly low pay or exploitation. Most countries of the world have minimum wage legislation that was introduced before the end of the 20th century.
Minimum-wage laws dictate the minimum wage that firms may pay workers. They don't set an exact or maximum wage, allowing firms to pay more based on various factors.
Minimum-wage laws govern c. a minimum wage that firms may pay workers. These laws are put in place to ensure that workers receive a basic level of compensation for their labor. In other words, they set a baseline wage that employers cannot legally go below.
However, it's essential to note that minimum wage does not represent a universal wage. Companies are free to pay above the minimum wage based on the demand for labor, skill levels, experience, job performance, and other factors.
These laws are important for protecting workers from exploitation and solving income inequality to some degree.
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