Which of the following statements about health insurance is falseA.People use insurance to reduce their risk of having very large medical expenses
B.Insurance plans with different premiums and deductibles let you decide how much financial loss you are willing to risk
C.Paying for health insurance is always cheaper than paying for your own medical expenses
D.None of the above

Answers

Answer 1
Answer:

Answer:

Option C

Explanation:

The reason is that the health insurance plan helps the insurer to limit the risk of paying one off payment to contribute for his or her health so it can help to shift this risk to another party (Health Insurance Company) by contributing a small amount of money.

Furthermore, the insurance planning also helps in accepting the level of risk to shift to the insurance company and retain the risk share to itself because the person might think he will not face such risks in future.

The paying for health insurance might be more expensive than the original expense because their are chances that the person doesn't gets ill because he follows proper diet plans, is health conscious and take exercise daily. So paying for health insurance becomes a burden. So the option C is incorrect.

Answer 2
Answer:

Answer:

The answer is C) Paying for health insurance is always cheaper than paying for your own medical expenses.

Explanation:

I took the quiz.


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E-commerce is the use of the internet to _____.spy on businesses
visit your bank
buy and sell goods
buy virtual ice cream

Answers

The correct answer would be option C, Buy and Sell goods.

E commerce is the use of internet to buy and sell goods.  

Explanation:

In the current era, the E commerce websites has made it very easy for the customers to see and select the products that are available in the stocks, and directly order those products and get them delivered to their doorsteps.

This type of businesses make use of internet for online sales, or online shopping. There are certain businesses that have almost replaced all of their physical facilities by the online stores, but many are still there which not only have physical facilities but they also sell online.

When businesses directly sell through e commerce websites, the main benefit the companies enjoy is that they do not need a large number of employees to make their business work.

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answer is buy and sell goods

Jan pays $70 each month for her auto insurance policy. This regular payment is called
a.

Answers

Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.

The law of increasing costs means that as production shifts from one item to another:a. the cost of production gets cheaper and cheaper.
b. the cost of producing an item stays the same no matter how many are produced.
c. more and more resources are necessary to increase production of the second item.
d. the land costs of increasing production rise much more steeply than do the labor costs.

Answers

The answer is C. more and more resources are necessary to increase production of the second item

Because once all factors of production are at maximum output, producing more products will cost more than average ( because we need to add more resources)

Answer: the opportunity cost goes up

Explanation: bc.

Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

Answers

I think the correct answer from the choices listed above is option B. The efficiency of an economy is not  shown on a production possibilities curve. The production possibilities curve assumes that all inputs are used efficiently. Hope this answers the question.

Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed as follows: if gibson company uses the average cost method inventory cost flow assumption, what amount will it report as gross profit for august?

Answers

ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.

Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.

Final answer:

To calculate gross profit using the average cost method, the average unit cost is calculated when more units are purchased. To work out the cost of goods sold (COGS), this average unit cost is multiplied by the number of units sold. Subtracting COGS from the total revenue gives the gross profit.

Explanation:

It is not possible to provide a precise answer without more details, as the gross profit depends on revenue and cost data that is not provided in the question. However, it is possible to explain the process of determining the gross profit when the company uses the average cost method. First, compute the total inventory cost by multiplying the beginning inventory units by their unit cost. The average unit cost is calculated whenever more units are purchased, by dividing the total cost of all units by the total number of units. Each time a sale occurs, the cost of goods sold (COGS) is computed by multiplying the number of units sold by the average unit cost.

To get gross profit, subtract the cost of goods sold (COGS) from total revenue. The total revenue is the product of the selling price per unit and the number of units sold. Once that is found, it is possible to subtract the cost of goods sold (COGS) from the revenue to identify the gross profit.

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With a___tax, the tax decreases as income increases. A.)Direct
B.)Progressive
C.)Proportional
D.)Regressive

Answers

D. Regressive tax. The tax rate decreases as the taxable income increases. There is an inverse relationship between the tax rate and the tax base (taxable income). Regressive tax imposes a greater burden on the poor. This is favorable to the rich or those who are huge income earners.