Unincorporated businesses - Study guides, Revision notes & Summaries

authorized insurer correct answers also known as admitted insurer certificate of authority is issued to an authorized insurer this allows insurer to transact specific kinds of insurance business within the state of Idaho. stock insurer correct answers An insurer that is owned by its stockholders and formed as a corporation for the purpose of earning a profit for the stockholders. mutual insurer correct answers An incorporated insurer without capitol stock. reciprocal Insurer correct ...

Goods and services - Ansthe objects (goods) and the actions (services) that people value and produce to satisfy human wants why do businesses set up - Ans-to sell goods and provide services they know customers will like -gap in the market -want to be their own boss -to benefit others Sectors of the economy - Ansprimary, secondary, tertiary What is enterprise? - Ansinvolves identifying new business opportunities. an entrepreneur will always take the risk of getting involved in enterpr...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her...

Finance - ANSWER-The study of investing Investing - ANSWER-Committing resources today in hopes of earning a profit in the future Goal of the firm - ANSWER-Maximize stockholder wealth or maximize the stock price Three elements of financial decision making - ANSWER-1. Money 2. Time 3. Risk (Uncertainty) Risk - ANSWER-The chance that some unfavorable event will occur Risk/Expected Return relationship - ANSWER-In a financial market context, the chance that an investment will provide a low o...

EOC test for gold coast real estate course|Complete Questions with 100% Correct Answers what are the 3 areas that a licensee are required to have expert knowledge? property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? tract building focusing on one type or style of property or a particular neighborhood farming/farm area sales associate who wishes t...

Principle of Financial Management Exam 1 questions and answers latest top score. (LO 1.1) What is finance? - correct ce is the study of how individuals, businesses, governments and institutions acquire, manage, and spend financial resources. What is meant by the term financial environment? - correct answers.The financial environment encompasses the financial system, institutions, markets, and individuals that make the economy operate efficiently. (LO 1.1) What ar...

Solutions Manual for Financial Accounting 8th Canadian Edition Libby Chapter 01 - Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosu...

FULL SOLUTION MANUAL FOR Financial Accounting 11th Edition Robert Libby, Patricia Libby, Frank Hodge Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosures for external ...

Financial Accounting 11th Edition Robert Libby, Patricia Libby, Frank Hodge Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosures for external decision makers. Manageria...