Identify the classifications into which personal property falls for insurance purposes.

Answers

Answer 1

The classifications into which personal property falls for insurance purposes is

1.) The content

2.) Transferring Property

3.) Items that are in other people's possession

4.)"Floating" real estate

What is Insurance?

Insurance refers to a technique to protect goods from harm and Risks. It helps an individual to gain compensation for the damages that took place by paying some premium to the insurance company.

The classification on which any personal property falls for insurance is transferring property that can be sold or bought by other parties. Insurance can be done for a property whose possession belongs to other parties.

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Related Questions

An increase in supply will cause equilibrium price to __________ and equilibrium quantity to __________.

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An increase in supply will cause equilibrium price to decrease and equilibrium quantity to increase.

The equilibrium price refers to the price at which the demand and supply of a product or service in the market is equal, leading to stable prices. It is the law of the market that the price of a good will eventually fall or rise to its equilibrium, after adjustments in the demand or supply side of the good.

If the supply of a good increases, its equilibrium price will decrease as there is more of the good in the market. And if the price does decrease, the quantity demanded of the good will increase as more people are able to afford the good or buy a greater quantity.

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In its simplest​ form, ___________ represents streams of raw facts with limited usefulness until organized.

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In its simplest​ form, Data represents streams of raw facts with limited usefulness until organized.

What is named raw data?

Raw data (sometimes named source data, atomic data or primary data) is information that has not been processed for use. A distinction is occasionally made between data and information to the result that information is the end consequence of data processing.

What is raw data and processed data?

In short, data arrives from raw data! The collection of raw data is usually not ready for research, but once it's collected and cleaned up, it shifts into data. Processed data is the kind of data that is processed from raw data.

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A type of process that creates one-of-a-kind products is:_________

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A kind of system that creates one-of-a-kind merchandise is repetitive process.

Repetitive manufacturing is a manufacturing method which produces products for speedy manufacturing flow.

A distinguishing attribute of repetitive manufacturing is its use of assembly/production lines. Manufacturers use this method when they are making products which are comparable in design.

What is repetitive technique example?

The repetitive manner is a product-oriented production method that makes use of modules. Modules are components or elements of a product in the past manufactured or prepared, frequently in a continuous process. Fast-food corporations are an example of repetitive process using modules.

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A legal firm has a retainer with a financial services firm to provide legal counsel and other services to the company. this is an example of:_________

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A legal firm has a retainer with a financial services firm to provide legal counsel and other services to the company. This is an example of a complementary partner.

A complimentary partnership is what?

Each participating business has its own clientele and marketing methods. You can each push messages to your respective audiences that advertise your partner's business through a complimentary alliance.

Developing complementary alliances is one of the keys to realizing your potential and succeeding.

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What best explains why the employee of the month program failed to work? choose the correct answer.

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"The decision-makers didn't use the scientific method to test if their ideas made sense" best explains why the employee of the month program failed to work. Option A

This is further explained below.

What is the scientific method?

Generally, Since the 17th century at the very least, the progression of scientific inquiry has been defined by the use of the scientific method, which is an empirical technique of collecting information.

It requires thorough observation as well as the application of rigorous skepticism about what is seen, given that one's cognitive assumptions might affect how one understands the data.

In conclusion, The fact that the decision-makers did not put their ideas through the rigorous examination needed by the scientific method perhaps explains the failure of the employee of the month program the most simply. Alternative A

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complete question

What best explains why the employee of the month program failed to work?

Choose the correct answer.

A) The decision-makers didn't use the scientific method to test if their ideas made sense

B) The Hawthorne effect suggests the decision-makers gave employees too much attention

A well-conceived and communicated strategic vision ordinarily does not result in?

Answers

Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.

What Is Vision, Exactly? And why is it so crucial for a leader to convey their vision?

The organization's desired achievement or future state is described by its vision. To motivate, define, and focus the effort, a vision must be communicated in order to fulfill its purpose.

One of your responsibilities as a leader is to inspire dedication to your organization's goal, as stated in our handbook Communicating Your Vision. You must convey the vision in a way that matters to people in order to accomplish this. You want the organization's members to embrace the vision and spread it to others.

The organization's vision needs to be communicated by the leaders in several different methods.

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An increase in business taxes causes a(n) ______ in supply and will ______ production costs.

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Answer:

An increase in business taxes causes a lower in supply and will highly production costs

Interest payable, salaries payable, and accounts payable are common examples of items classified as:______

Answers

Accounts payable, salaries owed, accrued expenses, and current tax payable are categorized as current liabilities because they are expected to be paid off within a standard operating cycle.

What is the classification of interest payable?

Interest payable is a liability and is usually found within the current liabilities area of the balance sheet. The associated interest payment that includes interest payable is stated on the income statement for the amount applicable to the period whose effects are being reported.

Accounts payable is a liability. It is the quantity of money your company owes vendors or creditors for goods and services, creating this a liability instead of an asset.

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An individual breaks a large cash deposit into several smaller deposits with the intention of evading the filing of a currency transaction report. this is called:________

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An individual breaks a large cash deposit into several smaller deposits with the intention of evading the filing of a currency transaction report. this is called structuring.

Any effort to avoid the legal reporting requirements for cash/currency transactions made with a financial institution is referred to as structuring, which is a sort of placement activity.

Two excellent gamers in the game Warcraft II gave it the name "smurfing." When they made new accounts to fight this, they chose the usernames "PapaSmurf" and "Smurfette," and the word has remained ever since. Players would simply avoid playing them if they saw their usernames.

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According to the textbook, __________ is an influence tactic that increases commitment by allowing people to participate in deciding how to carry out or implement a request.

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The textbook claims that consultation is a persuasion technique that boosts commitment by letting individuals take part in choosing how to carry out or implement a request.

What do you mean by consultation?

An official discussion and working on anything is referred to as a consultation. It can also refer to a meeting with a professional or expert to gather knowledge.

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A long-standing company is expanding their existing workforce. what, in all likelihood, will they invest in terms of computing capabilities?

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By restructuring and creating practical training materials, encouraging a productive and employee-centered workplace, and making sure that every member of your organization is fairly compensated, rewarded, and held accountable, investing in your staff can have significant and advantageous effects on your business.

This technique has developed over time into high-frequency big data analysis, which is currently the standard in the financial industry. It gives investors the opportunity to make a more thoughtful choice by assisting them in discovering efficiencies in areas they either didn't consider or couldn't reach before.

By automating repetitive operations like payroll, bookkeeping, and record-keeping, computers cut expenses. Enhance supplier or customer connections. Develop more effective communication inside the organization or with consumers. Boost staff productivity and corporate efficiency.

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A manufacturer has a monthly fixed cost of $100,000 and a production cost of $22 for each unit produced. the product sells for $25 per unit. find the break-even revenue.

Answers

A manufacturer has a monthly fixed cost of $100,000 and a unit manufacturing cost of $22. The product costs $25 per unit. The revenue required to break even is (100000/3,2500000/3)

What is Break-Even?
The point at which a small business makes a profit is called break-even. A small business's break-even quantity is the number of units it must sell to make back all of its expenses, whereas its break-even income is the amount of sales it must make to do so. An internal management accounting tool that establishes the connection between cost, volume, and profit is break-even analysis. Fixed costs divided by contribution margin ratio, which is equal to contribution margin divided by total revenue, equals break-even revenue. The difference between revenue and variable costs is the contribution margin. Rent, insurance, executive compensation, upkeep, and property taxes are examples of fixed costs. Even if a tiny business doesn't generate any money, it will still have certain fixed expenses.

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If buyer power is blank______, customers can force a company and its competitors to compete on price, which typically drives prices down.

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A strategy can be thought of as the establishment of broad principles via which a business seeks to protect its competitive advantage—its clientele.

Investors were offered CDS as insurance against the devaluation or default of mortgage-related assets backed by risky loans. It is a crucial resource for comprehending the primary competitive forces at play in a given business. You can use this to evaluate an industry's attractiveness and identify strategic gaps that could increase profitability.

Depending on the circumstances, a corporation should either ignore, defend, mitigate, or accommodate a danger from a competitor's price.

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If broker tim advertises a property for sale that he doesn't intend to sell so that he can attract potential buyers, tim is practicing?

Answers

The answer is :- Bait and switch.

If broker tim advertises a property for sale that he doesn't intend to sell so that he can attract potential buyers, tim is practicing Bait and switch.

What is potential buyer?

Potential Buyer is defined as any Person (excluding Parent or its designees) who has obtained confidential information about the Company or any of its Subsidiaries in connection with an actualor future solicitation, offer, or proposal that I participate in a merger, stock exchange, business combination, reorganization, consolidation, or similar transaction involving the Company or any of its subsidiaries (ii) acquire the beneficial ownership of any equity interest in the Company, or (iii) make any other similar transaction. or (iii) license or transfer the entirety or a sizable portion of the Company's assets, or any early indication of interest in such a transaction.

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Answer:

Explanation:

bait and switch

The _____ has the broadest powers of an agency to influence marketing activities.

Answers

The FTC has the broadest powers of an agency to influence marketing activities.

This is further explained below.

What is Federal Trade Commission?

Generally, The Federal Trade Commission (FTC) is an autonomous federal organization that operates inside the United States.

The principal tasks of this organization are the enforcement of civil antitrust law in the United States and the promotion of consumer protection.

Both the Federal Trade Commission and the Antitrust Division of the Department of Justice are entrusted with the responsibility of ensuring compliance with the various federal civil antitrust statutes.

In conclusion, The Federal Trade Commission (FTC) has the most extensive authority of anybody to exert influence on marketing activities.

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She expresses her concern to a senior human resources manager. this method of expressing concern about an instance of illegal employment through proper channels is known as:_________

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This method of expressing concern to a senior human resources manager about an instance of illegal employment through proper channels is known as opposition.

A human resources manager has a lot of functions such as, selecting employees, recruiting, inducting employees, providing orientation, imparting training, appraising the performance of employees, motivating employees, giving compensation and benefits, etc.

So in an organization, if there are any concerns regarding, for instance illegal employment, then the human resources manager is approached. Thus, this method of expressing concern through proper channels is known as opposition.

Hence, the opposition is a disagreement with something, often by speaking or fighting against it.

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A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amount.

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A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

This is further explained below.

What is a financial statement?

Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.

Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.

In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.

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If+martha+invests+$500+today+in+an+account+that+earns+12.30%+per+year+in+compound+interest,+how+much+will+she+have+in+13+years?(round+the+value+to+100th+decimal)

Answers

Interest Rate The amount a lender charges a borrower for the use of an asset is referred to as the interest rate in the field of finance. Therefore, the interest rate is the cost of the debt for the borrower while it is the rate of return for the lender.

What is the compound interest ?

Compound interest is generally understood to be interest that is earned on both the original investment and any subsequent interest. Compound interest is, thus, the interest earned on both the initial principal and the interest that has already been accrued on this principal. As a result, the key feature of compound interest is that interest generates interest. This idea of including a carrying charge causes a deposit or loan to grow more quickly.

Compounding is done on a monthly basis (12/Yr) compounding, an annual (1/Yr) compounding, a quarterly (4/Yr) compounding, and an annual (1/Yr) compounding basis.

FV = P (1+ r/m)^mt

FV, or the future value of the investment, is the total sum in our calculator.

The starting balance is P. (the value of the investment)

the yearly interest rate, or r. (in decimal)

m is the number of times per year that interest is compounded (compounding frequency)

t - the length of time that the funds are invested for

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Companies progress through the stages of a business-stakeholder relationship in what way?

Answers

Describing the involvement, influence, and areas of interest of each stakeholder in the project. approving the method of engagement to be used. Up until the project is finished, managing the ongoing relationship and making adjustments as necessary.

The method by which you manage your relationships with your stakeholders is known as stakeholder management. It entails methodically locating stakeholders, assessing their requirements and expectations, and organising and carrying out various actions to interact with them.

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Under both accrual-basis and cash-basis accounting, all revenues and expenses are recorded at the same point in time. True or false?.

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It is false that under both accrual-basis and cash-basis accounting, all revenues and expenses are recorded at the same point in time.

What is accrual-basis accounting?In the world of finance, accrual refers to the process of accumulating interest or various investments together over time.When a transaction is documented as having occurred rather than when a payment is made or received, this accounting method is known as accrual accounting. According to the matching principle, income and expenses should be recorded in the same period, and this is how the approach operates.Any income made or expense incurred for which money has not yet been exchanged requires accruals. By including relevant information regarding recently extended short-term credit to consumers and upcoming liabilities owed to lenders, accruals enhance the quality of the information on financial statements.

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lef evaluation of your work.
Activity
Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to society.

Answers

The two consumer protection acts are the Federal Food, Drug, and Cosmetic Act and  Truth in Lending Act. The benefits of the acts are discussed as below.

What is Consumer protection?

Consumer protection refers to the protection of the buyers from the low quality commodity and products that are hazardous to life. It also includes to safeguard the customers from the unfair practices.

The Federal Food, Drug, and Cosmetic Act states that the legislation oversees the degree of quality for this food, pharmaceuticals, medical equipment, and cosmetic items manufactured and purchased by American customers.

The truth in Lending Act is a federal statute that permits borrowers to make certain claims about consumer credit conditions and rates. Its standards govern open-end lines of credit, shuttered personal loans, retail lending, and private financing to universities.

Therefore, it can be included that  Federal Food, Drug, and Cosmetic Act and  Truth in Lending Act are the laws meant to protect the customers.

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How many more chicken feet were demanded in 2018 , at a price of $1.25 a pound, than in 2008 ?

Answers

6.7 million lbs more chicken feet were demanded in 2018

Supply and demand is an economic theory that describes how prices are set in a market in microeconomics. In a competitive market, it is hypothesized that, all else being equal, the unit price for a specific good or other traded good, such as labor or liquid financial assets, will fluctuate until it starts to settle at a point where the quantity demanded (at the current market price) will equal the equilibrium quantity (at the current price), resulting in an economic balance for price and quantity transacted. It is the theoretical cornerstone of contemporary economics. The consumer spending supply model has also been applied to macroeconomics to illustrate how the amount of total production and the aggregate price level may be established in equilibrium.

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______ is where a media company uses its combined properties to promote each other and add value to the company. group of answer choices broadband networks synergy e-commerce competition

Answers

Synergy is where a media company uses its combined properties to promote each other and add value to the company.

How would you describe long tail media?

The long tail is a business technique that enables businesses to make huge profits by selling small quantities of difficult-to-find goods to many of clients as opposed to only selling big quantities of a small number of popular goods. Researcher Chris Anderson initially used the word in 2004.

They gather user data via games, tests, and other interactive content, then sell that data to business partners.

Chris Anderson came up with the phrase "The Long Tail" to express the concept that the internet has changed the sorts of items that generate the majority of the income, making the sale of a lot of specialised products more crucial to a company's sales.

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If a 15% increase in price for a good results in a 20 percent decrease in quantity demanded, the price elasticity of demand is.

Answers

If a 15% increase in price for a good result in a 20 percent decrease in quantity demanded, the price elasticity of demand is 1.33

Price Elasticity of Demand = Change in Demanded Quantity / Change in Price

Demand Elasticity at Price = 20 / 15

Demand Elasticity at Price = 1.33

Price elasticity of demand is the term used to describe the relationship between the percentage change in a product's quantity sought and the percentage change in price.

Price Elasticity of Demand (PED) measures how consumers' purchasing choices are impacted by price fluctuations. In other words, it establishes the relationship between price, demand, and the way it reacts to price changes.

Five types of price elasticity of demand are:

Perfectly Elastic Demand

Elastic Demand

Perfectly Inelastic Demand

Inelastic Demand

Unitary Demand

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In the prs country composite risk ratings, a score of ______ represents the least risky and a score of _____ represents the most risky.

Answers

In the prs country composite risk ratings, a score of 100 represents the least risky and a score of 0 represents the most risky.

The term "risk rating" refers to the categorization of risks and their effects on the business in terms of reputational or financial harm to a company or industry. Due to the fast-paced business environment, organizations should think about performing at least a yearly risk rating review. Identifying and analyzing potential events that could harm people, property, and/or the environment, as well as making decisions "on the tolerability of the risk on the basis of a risk analysis" while taking influencing factors into account, are all parts of a risk assessment. Risk levels can range from low to high. Based on the ranking of the risk's likelihood and impact, each enterprise risk has a corresponding risk level. The basis for setting priorities and taking action is the level of risk.

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According to the eight-stage model of planned organizational change, a change process includes:______.

Answers

According to the eight-stage model of planned organizational change, a change process includes: unless people see positive results of their efforts, motivation can wane during a major change project.

What are the stages of The Eight-Stage Process of Creating Major Change ?

These are the stages:

1. Create a Sense of Urgency

2. Putting together the Leadership Group

3. Vision and Strategy Creation

4. expressing the change's vision

5. Aligning the Organization or Enabling Wide-Reaching Action

6. Creating Quick Success

7. Increasing change and consolidating gains

8. Introducing innovative strategies into culture

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The two major benefits that arise from the market system's restriction of business risk to owners and investors are:________

Answers

The key advantage of risk management for those involved is that it makes it possible for the project to run smoothly. The possibility of achieving desired results is raised, decision-making is facilitated, and responsibility is distributed to risk owners.

Greater emphasis on regulatory outcomes, resources, and actions across the entire organization. Greater adaptability to changing circumstances increased transparency through accountability and transparent results.

Risk stakeholders are the individuals who are (or believe they are) impacted by a choice, course of action, tactic, or procedure. A stakeholder may change at any point during the process and might be an individual, an organization, or a grouping within an organization, such as the management.

The two major benefits that arise from the market system's restriction of business risk to owners and investors are Risk Management

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If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?

Answers

If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.

The Formula and Calculation of Time Value

The instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.

The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.

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When clients work with their investment advisers, they ________ their investment portfolios. cocreate expand initiate discover balance

Answers

When clients work with their investment advisers, they . co create their investment portfolios.

What is in an investment portfolio?

A portfolio may be a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.

Why is an investment portfolio important?

A portfolio with an appropriate (diversified) mixture of investments not only helps an individual protect her/his invested capital but also allows them to position it in a way that it has the potential to earn desirable returns.

What is the purpose of portfolio?

Portfolios are employed by working professionals, companies and students to spotlight their best work and display accomplishments, skills and potential. They visually showcase samples of work, while a resume only provides bullet points.

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A firm has a return on equity of 21 percent. the total asset turnover is 2.0 and the profit margin is 9 percent. the total equity is $7,400. what is the amount of the net income?

Answers

The amount of the net income is $1554.

What is Net Income?

Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period. The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

The performance of various businesses in a given industry is analyzed and compared using a variety of financial measurements. Efficiency ratios, liquidity ratios, profitability ratios, and solvency ratios are the typical categories for these ratios.

The net income is given by:

=Return on Equity* Total equity

= 21%* $7,400

=$1554.

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