An insurance applicant must be notified prior to an insurer ordering an investigative or financial report as required by The Insurance Act
According to the FCRA, an insurer must notify you in advance if it intends to obtain a financial (credit) report, a medical report, or an investigation report. Upon completion of the application for life insurance, the applicant must be advised of their rights.
The agent is in charge of giving the insured the policy and collecting any premiums that might be owed at the time of delivery. It's crucial for people to get insurance so they can safeguard themselves against suffering significant financial loss in the case of an unforeseen circumstance or if anything bad happens to them or their property.
To learn more on financial report
https://brainly.com/question/1224013
#SPJ4
A local school has been destroyed by fire. nothing has been salvaged and the school will have to completely rebuilt. what are the three methods of determining the cost of rebuilding?
A local school has been destroyed by fire. nothing has been salvaged and the school will have to be completely rebuilt. the three methods of determining the cost of rebuilding are
Square Foot Cost Unit in Place and Quantity Survey MethodThis is further explained below.
What is cost?Generally, A cost is the worth of the money that has been spent in the process of producing something or delivering a service, and as a result, it is no longer accessible for use.
This concept is utilized in manufacturing, research, retail, and accounting.
In conclusion, A local school has been destroyed by fire. nothing has been salvaged and the school will have to be completely rebuilt. the three methods of determining the cost of rebuilding are
Square Foot Cost Unit in Place and Quantity Survey MethodRead more about cost of rebuilding
https://brainly.com/question/8401354
#SPJ1
An advantage that bureaucrats in federal government have over the president in the policymaking process is that bureaucrats.
The correct answer is option 3. They usually have a continuity of service in the executive branch that the President lacks.
The federal bureaucracy is the creation of Congress and the president. However, agencies autonomously set policy and exercise power. They legislate through rulemaking, carry out their missions through implementation, and resolve conflicts by listening to grievances, pursuing cases, and making decisions.
When formulating policies, bureaucrats have one major advantage over the president: They typically have a continuity of service in the Executive branch that the President does not.
The modern bureaucracy has several benefits, including:
It is relatively shielded from the whims of the President, and many of its bureaucrats are not appointed by politicians.The majority of bureaucrats are experts in their fields.There are fewer bureaucrats per person in the United States than in other industrialized countries.Red tape is unbiased and might possibly assist maintain fairness.Read more about Bureaucracy:
https://brainly.com/question/28661392
#SPJ4
An advantage that bureaucrats in the federal government have over the President in the policymaking process is that bureaucrats
1. control the budgetary process
2. have an independence from the President that is guaranteed by the Constitution
3. usually have a continuity of service in the executive branch that the President lacks
5. have better access to the media than the President
A tire with lower than specified inflation pressure could lead to what condition?
A tire with lower than specified inflation pressure could lead to reduced tire life and fuel economy so D. All of the above.
What can a lower than specified inflation pressure lead to?When a tire is not inflated to the pressure that it is meant to be inflated to, it can lead to reduced tire life because the tire would not adequately handle to weight of the car.
Fuel economy would then reduce as the tires demand more energy to compensate and this can increase the chances of tire faults and other faults that can lead to accidents.
Options include:
a. Reduced fuel economyb. Reduced tire lifec. Increased chances of roadside faults or accidentsd. All of the aboveFind out more on tire pressure at https://brainly.com/question/14640037
#SPJ1
In testing the existence assertion for an asset, an auditor ordinarily works from the.
An auditor often starts with the accounting records and moves to the supporting documentation to verify the existence claim for an asset.
The claim that the assets, liabilities, and shareholder equity balances shown on a company's financial statements exist as of the end of the accounting period that the financial statement covers is known as the assertion of existence. Simply put, this claim guarantees that the information provided is accurate and devoid of any fraudulent activities. For instance, any inventory statement that is part of the financial statement implies that the inventory was there at the end of the accounting period.
Learn more about accounting records https://brainly.com/question/21275469
#SPJ4
Selecting database management system (dbms) software is part of the _____ phase of the database life cycle (dblc).
Selecting database management system (DBMS) software is part of the database design phase of the database life cycle (DLC).
What is a Database management system?A database management system, sometimes known as a DBMS, is essentially just an electronic data storage system. The system gives users the option to perform a wide range of operations on it, either for maintaining the database structure itself or for changing the data in the database. Database management solutions are categorized using data structures or kinds (DBMSs).
On a mainframe, z/OS can be utilized with relational, hierarchical, network, and inverted list databases.
Mainframe sites commonly employ a hierarchical architecture when the data structure—rather than the data values—of the data required for an application is mainly static.
To know more about database management systems, visit:
https://brainly.com/question/1578835
#SPJ4
A trust in which the owner of the trust assets does not participate or supervise the trust's investment decisions is called a(n) _________ trust.
A blind trust is one where the asset owner doesn't oversee or participate in the trust's investing decisions.
Blind trusts are those that are set up with neither the trustor nor the beneficiary knowing what assets are contained within them once the trust has been established. Until the assets are scheduled to be delivered to the beneficiaries or, in the case of revocable trusts, until the trustor terminates the trust, the trustee is in charge of managing the trust.
What distinguishes blind trust from trust?
The primary distinction between a blind trust and other living trust types is that, once the blind trust has been established, neither the trustor nor any of the beneficiaries have any control over the trust or the assets included therein.
To know more about blind trust
https://brainly.com/question/3913890
#SPJ4
The existence of financial middlemen and financial intermediaries increases the efficiency of the financial markets.
A. True
B. False
It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market
Who are financial intermediaries?This refers to those entities that acts as the middleman between two parties in a financial transaction such as a commercial bank, investment bank, mutual fund, or pension fund. They offer a number of benefits to the average consumer such as safety, liquidity, and economies of scale involved in banking and asset management.
However, It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market because only the buyers and seller influence an efficiency of the financial market.
Read more about financial intermediaries
brainly.com/question/14748844
#SPJ1
With trade, everyone gets more of the things they want than they would if they were self-sufficient. in this way, trade can be driven entirely by?
With trade, everyone gets better at the things they want than they would if they were self-sufficient. in this way, business can be driven entirely by Wants.
How does comparative advantage influence trade?The idea of comparative advantage introduces opportunity cost as a characteristic for analysis in choosing between different options for production. Comparative advantage implies that countries will engage in trade with one another, shipping the goods that they have a relative benefit in.
By trading with others, people can buy a tremendous variety of goods and services at a more subordinate cost.
To learn more about self-sufficient the link
https://brainly.com/question/826062
#SPJ4
If a negative externality results from the refining of oil, the cost of production as seen by the oil refinery:_____.
If a negative externality result from the refining of oil, The cost of production as seen by the oil refinery does not include the external cost.
What is the cost of production?The total costs incurred by a business to deliver a service or produce a specific number of goods or services are referred to as the cost of production. Costs for labor, raw materials, and consumable supplies could all be accounted for in the production budget. The term "cost of production" in economics refers to the price paid to acquire the production factors—such as labor, land, and capital—necessary for the manufacture of an item. A motor vehicle tire, for instance, may include production costs that cover the cost of rubber, labor to make the product, and numerous manufacturing supplies. The material costs of providing the service and the labor expenses paid to staff tasked with doing so may be included in the service sector's production costs.
To know more about the cost of production visit:- https://brainly.com/question/15071207
#SPJ4
Baltimore company's complete assets and liabilities are accounts receivable $2,350, equipment $9,000, accounts payable $6,500, prepaid rent $2,450, supplies $725, bank loan $4,150, and tools $485. baltimore's total equity is: (all account balances are normal
The total equity of Baltimore is: $4,360
Total Equity: Total equity is the value that remains in the business after total liabilities are subtracted from total assets. Equilibrium is calculated as Equity = Assets - Liabilities.
GIVEN:
Accounts receivable: $2,350
Equipment: $9,000
Accounts Payable: $6,500
Prepaid Rent: $2,450
Supplies: $725
Bank Loan: $4,150
Tools: $485
According to Accounting Equation:
Total Assets = Equity+Liabilities
which implies,
Total Equity= Total Assets-Liabilities
Total Equity= (2,350+9,000+2,450+725+485)-(6,500+4,150)
Total Equity= 15,010-10,650
Total Equity= $4,360
So, the total equity of Baltimore is: $4,360
To learn more about Accounting Equations, visit the following link:
https://brainly.com/question/1347011
#SPJ4
Who has the comparative advantage in producing wine and who has the comparative advantage in producing cheese?
France has a comparative advantage in producing wine, and Germany has a comparative advantage in producing cheese.
The foundation for why free trade is advantageous to nations is the concept of comparative advantage, which is a fundamental tenet of international trade. The theory of comparative advantage demonstrates that trade can still be advantageous to both trading partners even when one country has an absolute advantage in producing goods.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities. According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive.
To know more about comparative advantage, click here:-
https://brainly.com/question/28287819
#SPJ4
The sarbanes-oxley act of 2002 requires companies and their independent accountants to _____
To disclose accurate and reliable accounting financial information in its reports.
What is the purpose of the Sarbanes-Oxley Act of 2002?The Sarbanes-Oxley Act (SOX) is a federal act passed in 2002 with bipartisan congressional support to improve auditing and public disclosure in response to several accounting scandals in the early-2000s.It established requirements related to "corporate responsibility" to make executives take responsibility for the accuracy of financial reporting (including a requirement for certification by the entity's "principal officers") and to make it illegal for management to improperly influence the conduct of an auditTo learn more about the Sarbanes-Oxley act of 2002, refer
to https://brainly.com/question/25922327
#SPJ4
The primary challenge of virtual team meetings, as reported by professionals in virtual teams, is?
Professionals working in virtual teams claim that the main difficulty with virtual team meetings is the lack of time for relationship-building.
A virtual team, often referred to as a geographically dispersed team, distributed team, or remote team, is a group of people that work together remotely and rely on communication tools like email, instant messaging, and audio and video conferencing services to interact.
The phrase may also be used to describe teams or groups who collaborate asynchronously or across organizational levels. Virtual teams are described by Powell, Piccoli, and Ives (2004) as "groups of geographically, organizationally, or time dispersed workers brought together by information and telecommunication technology to complete one or more organizational tasks."
To know more about virtual team meetings
https://brainly.com/question/15293394
#SPJ4
If the fed is following expansionary monetary policy, the fed funds rate will be _____.
The Fed should engage in expansionary monetary policy, and the federal funds rate will be 1%.
More about expansionary monetary policy:
Short-term interest rates are lowered or the money supply is increased more quickly than usual as a result of expansionary monetary policy. It is implemented by central banks and accomplished through interest rate setting, reserve requirements, and open market activities.
Although expansionary monetary policy is a well-liked instrument for controlling the business cycle's low-growth phases, it also carries some hazards. Macroeconomic, microeconomic, and political economics concerns are among these dangers.
Learn more about expansionary monetary policy here:
https://brainly.com/question/28038989
#SPJ4
According to the dow theory, reversal of a primary bullish trend must be confirmed by?
According to the Dow theory, reversal of a primary bullish trend must be confirmed by the Dow Jones Industrial Average and Transportation Average-however using this average lacks precision and is sometimes slow in confirming changes.
What do you mean by Dow Theory ?
The Dow theory is a financial theory that states the market is in an increased trend if one of its averages advances above a previous important grow and is accompanied by a similar advance in the other average.
What is the goal of Dow Theory?
The goal of this theory is to identify the primary trend in the financial market backed by solid proof. Once a trend is considered to continue until a turnaround is evident.
Learn more about Dow theory:
brainly.com/question/18722735
#SPJ4
G. an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. which analytics tools would most likely be used for this scenario?
G, an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. The analytics tools it would most likely use for this scenario is predictive analytics.
Predictive analytics is a branch of business analytics in which researchers and analysts try to make predictions about the future scenario that a firm is likely to face.
Using a range of historical data, statistical modeling, Big data, data mining, machine learning, and other techniques, a firm tries to anticipate future market trends, the demands, risks and opportunities that would greatly influence business outlook.
To learn more about predictive analytics: brainly.com/question/18484504
#SPJ4
On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate.
On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate UHDDS
The hospital at St. Mark's has 450 beds. 80 percent of the space is typically occupied each month. In other words, patients occupy an average of 80% of the hospital's beds. At this level of occupancy, the hospital's operational expenses, based on a 30-day month, are 32 per occupied bed each day. Both variable and fixed costs are included in this 32-figure total. Only 60% of the hospital's beds were occupied in June. Operating expenses came to a total of 326,700 for the month.
To learn more bed occupancy rate UHDDS about.
https://brainly.com/question/4289734
#SPJ4
True or false: today, technology enables small businesses to reach customers across the globe.
The statement "today, technology enables small businesses to reach customers across the globe." is True
This is further explained below.
What is technology?Generally, Technology is the application of scientific knowledge to the practical purposes of human existence, or as it is commonly stated, to the changing and manipulating of the human environment.
Technology can also be defined as the application of scientific knowledge to the practical purposes of animal existence.
Historically, the term "technology" referred to the application of scientific understanding to the pursuit of various practical goals in human existence.
In conclusion, It is accurate to say that "technology now allows tiny enterprises to contact clients throughout the world."
Read more about technology
https://brainly.com/question/28288301
#SPJ1
Vilfredo pareto is often referred to in opm 311. prof. sheldon says he can make you look smart in your career in one area. what is this topic?
As Prof. sheldon says Vilfredo pareto can make you look smart in your career in one area, this topic includes:
80% of a business's items are typically 15-25% of the revenue generation in that business.20% of a business's items are typically 75-85% of the revenue generation in that business.What is a topic?It means the main subject of discussion in the literary work. It can be in form of a phrase or word which the writer talks or writes about in the essay, story or speech.
Therefore, this topic includes 80% of a business's items are typically 15-25% of the revenue generation in that business and 20% of a business's items are typically 75-85% of the revenue generation in that business.
Read more about topic
brainly.com/question/25307761
#SPJ1
The case in which the u.s. supreme court first addressed the issue of related services and the idea was:_________
The case in which the U.S supreme court first addressed the issue of related services and the idea was Irving ISD V. Tatro.
The United States' federal judiciary's highest court is the Supreme Court of the United States (SCOTUS). It has final appellate authority over all matters heard in U.S. federal courts as well as state court proceedings involving issues of federal law. In addition, it has exclusive jurisdiction over a select number of matters, including "all Cases involving Ambassadors, other public Ministers, and Consuls, and those in which a State shall be Party." The court has the authority to nullify a legislation for disobeying a constitutional provision thanks to its judicial review power. The Supreme Court was first founded by the First Congress through the Judiciary Act of 1789, and it is now established under Article Three of the U.S Constitution.
Learn more about Supreme court here:
https://brainly.com/question/224703
#SPJ4
Adjusting entries are recorded at the end of each accounting period so that net income is accurately reflected in the financial statements for the period.
true/ false
Adjusting entries are journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred. They are often made at the end of an accounting period.
This is a True Statement
What are the 5 adjusting entries?
Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciationThese are the five categories that make up Adjustments entries.
To learn more about Adjustments entries click the links.
https://brainly.com/question/13716497
https://brainly.com/question/14697723
#SPJ4
Identify the examples of good internal control designed to protect over-the-counter cash receipts.
The examples of good internal control to protect over the counter cash receipts are as follows-
-Immediately after receiving cash, rewrite them with the restriction "For Deposit" only. Until they may be deposited, keep cash and checks in a closed and secure location. The location should only be accessible to those who have been given special permission.
Make deposits on time. The sooner cash can be deposited, the less risk there is of theft or other loss.All cash receipts must be immediately documented using a cash register.
Receipts should ideally be divided in two parts and numbered. The payer should receive one copy, and the second copy should be kept on file.Cash receipts must not be used for personal expenses, check cashing, making change, or other petty cash transactions.Confirm the deposit by matching the general ledger on the Cash Operations deposit sheet.
To learn more about examples of good internal control here
https://brainly.com/question/14834711
#SPJ4
The feeding relationships among the species in a community determine the community's?
In order to describe species interactions, food webs are created. The primary objective of food webs is to describe the relationships between animals that are fed within a community.
What is Feeding Relationships?
Each ecosystem's organisms are connected through their ties with their food sources. In every ecosystem, there are a variety of feeding connections, but energy always moves from primary producers to different consumers. Food webs and chains serve as representations of these feeding Relationships. A food chain is a succession of living things that exchange energy through eating and being eaten. Here is a food chain illustration from the video.
To learn more about Feeding Relationships
https://brainly.com/question/9852437
#SPJ4
The total income of everyone in the economy adjusted for the level of base year prices is called:_________
It is known as inflation to adjust everyone's total income for the level of prices in the base year.
Inflation measures how much the prices of various goods and services have risen over a period of time usually a year. Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
To learn more about inflation here
https://brainly.com/question/252791
#SPJ4
Alistar has an annual income of $25,000. he decides to take classes on line and at night so that he can continue to work. after 3 years he gets his degree and immediately starts earning $32,000 per year. if it takes alistar 6 years to recover his investment for his education, how much did it cost him?
If it takes Alistar 6 years to recover his investment for his education, then it cost him $42,000.
What do we mean by investments?The dedication of an asset to achieve an increase in value over time is referred to as an investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort.The goal of investing in finance is to generate a return on the invested asset. A gain (profit) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income, may constitute the return.To find the cost:
Alistar's 6-year investment strategy is divided into two phases:
Period 1: From the first to the third year.Period 2: From fourth to sixth years.Alistar invests in his education during the first period, from year one to year three.
In the second period, from year 4 to 6, the amount he begins earning is $32000, and his annual income is $25000.
Every year, Alistar receives an additional $7000.Now, the time required to recoup his investments is 6 years.As a result, total cost = 7000 × 6 = $42000Therefore, if it takes Alistar 6 years to recover his investment for his education, then it cost him $42,000.
Know more about investments here:
https://brainly.com/question/25300925
#SPJ4
If black diamond were to begin focusing its business strategy on offering mountaineering tours with guides and support teams to promote outdoor tourism then this would be an example of:________
If black diamond were to begin focusing its business strategy on offering mountaineering tours with guides and support teams to promote outdoor tourism then this would be an example of a service organization
What is black diamond?One of the strongest varieties of natural diamond is carbonado, also referred to as black diamond. It is an impure, high-density, microporous variety of polycrystalline diamond made up primarily of diamond, graphite, and amorphous carbon, with sporadic reduced metal inclusions and minor crystalline precipitates filling the pores.
Real diamonds can be found in the dark. Natural diamonds, Carbonados, and black diamonds that have undergone treatment can all be found. Contrary to natural diamonds and Carbonados, processed black diamonds undergo heat treatment to acquire their hue.
Black diamonds that have been treated typically cost $300 per carat, however untreated black diamonds typically cost $3,000 per carat.
To learn more about black diamond visit:
https://brainly.com/question/26552115
#SPJ4
Taxpayers have a choice of deducting the standard deduction or their itemized deductions. therefore, blank______ agi deductions are considered to be beneficial to more taxpayers because:
Itemized deductions are thought to benefit more taxpayers because they can be claimed if the total is higher than the standard deduction.
You can deduct what you paid in real estate taxes, personal property taxes, state and local income or sales taxes, mortgage interest, and disaster losses when you itemize your deductions. You can also count charitable contributions and a portion of the money you spent for health and dental care.
If you itemize your taxes, do you get a bigger refund?
The standard deduction may be exceeded by itemized deductions. The more you may deduct, the less tax you'll owe, which is why some people itemize their deductions because the sum of their itemized deductions exceeds the basic deduction. There are numerous deductions that could be made.
To know more about itemized deductions
https://brainly.com/question/3598381
#SPJ4
In some industries, low switching costs can act as an important barrier to entry.
a. true
b. false
FALSE , In some industries, low switching costs can act as an important barrier to entry.
High switching cost is the barrier to entry not the low switching cost.
Switching cost means customers shifting to the substitute products available in the market.
Barrier to entry is defined as conditions which prevent companies to enter in a market. It limit the competition as no new firm easily join the market.
Some examples of the barrier to entry is high start-up cost, government regulations, high customer switching cost.
Business earn its profit from customers only , if customers will switch to the substitute product , then company will incur high loss. It will act as a barrier to entry.
It protects the market share. Because if no new comer join then market share will not get shared with other new comer.
To know more about barrier to entry:
https://brainly.com/question/28199299
#SPJ4
Is the process of collecting information about forces in the marketing environment.
Environmental Scanning is the process of collecting information about forces in the marketing environment.
What are market forces?
Market forces are the elements that affect an industry, market, or the overall economy. Supply and demand are the two fundamental factors that influence markets. Prices rise when supply is low and demand is high, whereas prices fall when supply is low and demand is high.
Free markets are guided by market forces, which also set prices for goods and services. As a shareholder, it's possible that you've seen references to market forces and how they impact the stock of a certain firm or the general financial markets.
The "invisible hand" theory, made famous by economist Adam Smith, is a definition of market forces that holds that without government interference, effective markets will naturally strike a balance between supply and demand.
Thus, market forces are to be controlled properly in order to keep the markets running properly.
For more information on market forces, refer to the given link:
https://brainly.com/question/16195516
#SPJ4
Complete Question
_____________is the process of collecting information about forces in the marketing environment
What will happen to the current ratio if current assets increase, while everything else remains unchanged?
The current ratio will increase if current assets increase, while everything else remains unchanged.
This is further explained below.
What is the current ratio?Generally, A liquidity ratio that evaluates a company's capacity to pay short-term debts or those that are due within the next year is called the current ratio.
It explains to investors and analysts how a business may get the most out of the current assets that are shown on its balance sheet in order to pay off its current debt and any other payables.
A current asset is defined as any asset that a company can reasonably expect to sell, consume, or deplete through the normal operations of the business inside the current financial year or an operating cycle, or an economic year.
In other words, a current asset is an asset that will be sold, consumed, or exhausted.
In conclusion, If current assets continue to grow while everything else stays the same, the current ratio will continue to show an upward trend.
Read more about current assets
https://brainly.com/question/14287268
#SPJ1