BUSINESS HIGH SCHOOL

In the event no property damage or loss occurs during an insurance contract period, the premium payments were wasted only if the policyholderA) derived more benefit than the premium cost
B) paid a minimal cost compared to received benefit
C) would have preferred added risk over security
D) would have preferred added security over risk

Answers

Answer 1
Answer: Option C) would have preferred added risk over security.

An insurance policy protects against losses derived from certain risks. If there was not damage or loss and the policyholder feels comfortable with taking risks then the premium payments can be considered wasted.

But if the policyholder prefers the tranquility of being covered then the payments were not wasted.

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How do individuals & business benefit from
economic freedom?

Answers

Answer:

The benefit are

1. free markets,

2. rule of law,

3. protection of private property,

and

4. open trade—

that boost prosperity and reduce costs

Explanation:

Please mark me as brainlist answer

For several​ years, a professor at Johns Hopkins University had been using the following grading scheme for his final​ exam: He would give an A to the student with the highest score. The grades of the remaining students were then based on what percentage their scores were of the top​ student's score. In the fall of​ 2012, the students in the class came up with the idea of boycotting the final exam. They stood in the hallway outside the classroom but did not enter the room to take the exam. After waiting for a​ time, the professor cancelled the exam​ and, applying his grading​ scale, gave everyone in the class an A on the exam. An article in the New York Times about this incident​ observes: "This is an amazing game theory​ outcome, and not one that economists would likely​ predict." ​Source: Catherine​ Rampell, "Gaming the​ System," New York Times​, February​ 14, 2013. Game theory indicates the​ students' strategy was unlikely to work because

Answers

Answer:

it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy.

Explanation:

Game theory is a theory that focuses on understanding exactly why an individual makes certain decisions as well as how they affect others. Based on this theory the student's strategy was unlikely to work because it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy. Since not everyone would believe that it will work and others may just get tired.

Rachel recently started a new gift shop in town. When she is deciding how to price the new products in her shop, she measures the value of her products against those of the other shops in her area. Rachel is most likely using a _______ pricing strategy .

Answers

Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

  • Cost-plus pricing. Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
  • Competitive pricing. Implies establishing the price of a product similar to what competitors in the market have set.
  • Value-based pricing. It requires setting the price of goods and services based on what consumers think the price should be.
  • Price skimming. Involves pricing a product high at first and changing the price according to market fluctuations.
  • Penetration pricing. Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.

Consider the following information about a business Diane opened last year: price = $15, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Diane's economic profit? What was Diane’s accounting profit? Show your work!!

Answers

Answer:

Economic profit = $-40,000

Accounting profit = $115,000

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total revenue - Total cost

Total revenue = 25,000 x $15 = $375,000

Total cost =  $260,000

Accounting profit = $375,000 -  $260,000 = $115,000

Economic profit is accounting profit less implicit cost or opportunity cost

Economic profit = Accounting profit -Implicit cost

= $115,000 - $155,000 = $-40,000

I hope my answer helps you

Answer:

Accounting Profit = $115.000 and Economic Profit= -40.000

Explanation:

Accounting profit is the monetary costs a firm pays out and the revenue a firm receives.

Accounting Profit = Total Revenues - Explicit Costs

Accounting Profit = ($15 x 25000) -$260,000=375.000-$260,000

Accounting Profit = $115.000

Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm.

Economic Profit = Accounting Profit - Implicit Cost

Economic Profit= $115.000 -$155,000

Economic Profit= -40.000

Which is true about the interest on corporate bonds?a. it is tax deductible
b. it is taxed as ordinary income
c. it is taxes as a capital gain
d. it does not incur taxes

Answers

Interest corporate bonds is taxed as an income tax but can also be tax as capital gain. Usually the interest itself is considered as state income tax. For gain and losses, that's the time it will gain capital gain if the if is redeemed before its maturity stage.

Outline one factor that might be helpful about having a clear target market

Answers

Answer:

Being able to find other entrepreneurs that are interested in the same target market, learning from their experience, asking for their help and building PR relations
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