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. To increase its exports
c. To protect domestic companies
d. To create free trade
The Answer is Choice C.
B) Behavioral decision making
C) Complete decision making
D) Utilitarian decision making
E) Rational decision making
Answer:
E) Rational decision making
Explanation:
Based on the scenario being described within the question it can be said that Greg is following a rational decision making perspective. This perspective focuses on a process that favors making decisions based on logic, objectivity, and analysis over subjectivity and insight. Which in this case, focusing on making the best overall purchase for the budget that Greg is on is the most logical and financially correct decision, therefore it is a rational decision.
Answer:
data mining
Explanation:
In business, Data mining is the act of obtaining information about customer's behavior that might be use for the company's benefit.
On most cases, Data mining is used to predict the behavior of a certain group of customers. By creating this prediction, the company could create a product or marketing strategy that can efficiently target that group.
in the excerpt above,
The shop obtain the data that a lot of consumers who bought sandwich also bought toothpaste a long with it.
From this data, the shop could make assumption that there is a correlation between the sandwhich and the tooth paste. (Maybe many of sandwhich buyers need the toothpaste to remove the sandwich's smell from their mouth). The shop could use this data and arrange the placement of the toothpaste so it's close to the sandwhich with the hope that it might increase its sales.
b. machines
c. buildings
d. tools
Answer:
False
Explanation:
Competitive priorities are those operational dimensions that are crucial in the value chain so that the company is competitive enough. To achieve a large market share, it is necessary to focus on the competitive capabilities that add value to the product or service offered by the company.
When we talk about competitive capabilities we are referring to those key strengths that have a great impact on what you offer, these are the following:
- Cost
- Quality
- Weather
- Flexibility
Each of these key points have competitive priorities or dimensions to which the company must choose the best one that fits according to their needs, taking into account the impact generated by each of them.