The best definition of the term, "moral hazard" is when people who are not responsible for the entire costs of their actions take riskier actions than they would otherwise take.
What is moral hazard?Moral hazard refers to when a person takes a riskier action that they normally would, because they would not be responsible for the cost and failure that would result from the action failing. In other words, a person engaged in moral hazard would do something risky such as driving a car recklessly because the car is not theirs and if it crashes, they won't be the ones to pay for the damage to the car.
This happens quite often in various walks of life including business. Employees might act recklessly with company money and spend in a way that they shouldn't because it is not their money. Managers might also make rash decisions about investment decisions in a company because at the end of the day, the cost of failure of investment goes to the shareholders.
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A natural monopoly exists when.
A natural monopoly exists when a single firm has economies of scale over the entire range of production that is relevant to its market.
They come into existence when industries are in need of some unique products or technology hence runs best when one firm produces all the output.
Also, a natural monopoly is the one that has only one company or service provider in an industry or geographic location.
Example is of a natural monopolist is electricity provider.
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The amount that consumers are willing to pay for the quota limit quantity is the:_________
The amount that consumers are willing to pay for the quota-limited quantity is the demand price. The policy of reducing quantity is known as a quota, a restriction imposed by the government on the number of goods bought and sold.
To examine the impact of this quota on individual stakeholders and on the market as a whole, we can calculate the evolution of consumer surplus, producer surplus, and market surplus. Before, the market surplus has not been described before, as this process should take place frequently. Make sure you understand how to find the following values:
Consumer surplus = $3.47 million
Producer surplus = $5.75 million
Market surplus = $8.5 million
After, the post-policy market surplus can be calculated by:
Consumer surplus = $1.2 million
Producer surplus = $5.9 million
Market surplus = $7.1 million
When comparing the market surplus first and the market surplus afterward, note that the impact of a quota is similar to that of a price floor. The key difference is that the government imposes a quantity restriction and the price changes as a by-product, whereas with price restrictions the government imposes a price restriction and the quota quantity changes as a product.
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The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $200 million in deposits and $165 million in loans. Given this information you find that the reserve requirement must be
Answer:
25/200
Explanation:
asset - Liabilities
35 200
165
(200-165-10)/200 = 25/200
Which of the following might experience a factor of failure related to expansion?
A. A hair salon that hires new employees immediately after it opens
B. A restaurant that doesn't have a website
C. A shoe store located near another popular shoe store
D. A grocery store with employees who miss company meetings
Answer:
a
Explanation:
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Which function of money describes its ability to enable trade between
different people?
A. Store of value
B. Measure of value
O C. Standard of deferred payment
D. Medium of exchange
Answer:
D. Medium of exchange
Explanation:
A medium of exchange is any physical object used as a measure of value to facilitate the transfer of goods and services between sellers and buyers. A medium of exchange acts as a go-between in transactions. In modern trade, money is the most widely accepted medium of exchange.
Today, goods and services are given a monetary value. Trade becomes relatively easy as buyers and sellers know how much money is needed to complete a transaction.
Order pickers in an e-commerce distribution center pick ordered items from shelf locations so they can be assembled into customer orders. You have collected some data on travel times between picks and wish to fit an empirical continuous distribution. The data points are 18.1, 22.3, 5.7, 31.4 and 12.9. Generate a random variate x for a given input of U=0.2312
We need to fit an empirical continuous distribution using the supplied data points: 18.1, 22.3, 5.7, 31.4, and 12.9 in order to produce a random variate (x) for a given input (U=0.2312).
The data points are first arranged as follows: 5.7, 12.9, 18.1, 22.3, and 31.4 in ascending order.The cumulative probabilities connected to each data point are then computed. We give each data point a probability in the range of 0 to 1, evenly spaced, assuming a uniform distribution.
5.7 Data PointProbability total: 0.2Point of Data: 12.9 Probability total: 0.4of Data: 18.1Probability total: 0.6Point of Data: 22.3Probability total: 0.8
Point of Data: 31.4Probability in total: 1.0
The closest cumulative probability to the input (U=0.2312), which is 0.2 (related with the data point), is now sought after.
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Can you please do a gantt chart out of this menu please
Menu:
Course 1: Garden salad with vinaigrette dressing - Make the
dressing: whisk together vinegar, oil, salt, and pepper. - Assemble
the salad:
Yes, it is possible to create a Gantt chart out of the given menu.
Course 1: Garden salad with vinaigrette dressing - Make the dressing: whisk together vinegar, oil, salt, and pepper. - Assemble the salad.
Steps in preparing a Garden salad with vinaigrette dressing:Make the dressing: whisk together vinegar, oil, salt, and pepper. Assemble the salad by following the below steps:
Wash and dry lettuce and other greens, removing any bruised or wilted leaves.
Then cut into bite-sized pieces.Peel and slice the carrot thinly into rounds or strips.
Cut off the ends of the cucumber, then cut in half lengthwise and slice the flesh thinly into half-moons. Halve cherry tomatoes.Crumble the feta cheese and put to one side.
Put the salad greens and other vegetables into a bowl, then pour over the dressing and mix to coat well.
Sprinkle with crumbled feta cheese and serve chilled.
Here's a Gantt chart created out of the given menu:The Gantt chart shows the different steps involved in the preparation of a garden salad with vinaigrette dressing. The chart displays a timeline in which the tasks are to be completed, along with their dependencies and the person responsible for performing them.
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bull city industries is considering issuing a $100,000, 7% note to a creditor on account. if the note is issued with a 45-day term, journalize the entries to record:
If the note is issued with a 45-day term, the journal entry would be of Credit, that is, Notes Payable is $875.
To record the issuance of the $100,000, 7% note to the creditor on account with a 45-day term, the following journal entries need to be made:
1. To record the issuance of the note:
Debit: Notes Payable $100,000
Credit: Accounts Payable $100,000
2. To record the interest expense at the end of the term:
Debit: Interest Expense $875
Credit: Notes Payable $875
The calculation of interest expense is as follows:
$100,000 x 7% x (45/360) = $875
Note: The above entries assume that the note was issued at face value and that interest is paid at maturity. If interest payments are made periodically throughout the term, additional journal entries would be required.
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when the invisible hand does not produce optimal outcomes for the economy, there is evidence of multiple choice government failure. macroeconomic failure. scarcity. market failure.
Market failure is the term used to describe a situation where the invisible hand of the market fails to produce optimal outcomes for the economy.
This failure can manifest itself in various ways, such as inefficient allocations of resources, the misallocation of resources, or the production of negative externalities. Examples of market failure include monopolies, externalities, incomplete markets, and public goods. Government failure, on the other hand, is the term used to describe situations in which government intervention fails to produce desired outcomes. Examples of government failure include inefficient regulation, mismanagement of funds, and overregulation. Scarcity is a situation in which limited resources are unable to meet the unlimited wants and needs of society.
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What is an investment portfolio?
A. A selection of varied accounts
B. A selection of varied instruments
C. A selection of varied applications
D. A selection of varied stocks and bonds
Answer:
In finance, a portfolio is a collection of investments aka stocks and bonds!
Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions. Tiles business letter business report note memorandum Pairs a formal way to communicate with people outside your organization arrowBoth an informal handwritten message arrowBoth a formal way to communicate with people inside your office arrowBoth a way to communicate financial information arrowBoth
Answer:
Matching the different types of communications with their descriptions:
Types of Communication Descriptions
business letter : a formal way to communicate with people
outside your organization
business report : a way to communicate financial information
note : an informal handwritten message
memorandum : a formal way to communicate with people
inside your office
Explanation:
a) Data:
Types of Communication:
business letter
business report
note
memorandum
Pairs
a formal way to communicate with people outside your organization
an informal handwritten message
a formal way to communicate with people inside your office
a way to communicate financial information
b) In Business, choosing the means of clear communication is very essential. The format used to communicate internally is not the same format for communicating externally. Even, within an organization, there are still different communication formats. A handwritten note can be used instead of memorandum for some communications depending on the formality required. Presenting a business report is more formalized than a handwritten note, for instance.
Answer:
Business Letter: a formal way to communicate with people outside your organization
Note: an informal handwritten message
Memorandum: an informal way to communicate with people outside your office
Business report: a way to communicate financial information
explain the process that economists use to conduct a Cost-Benefit Analysis (CBA) for a high-speed rail
Answer:
A cost-benefit analysis is a systematic process that businesses use to analyze which decisions to make and which to forgo. The cost-benefit analyst sums the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action. Some consultants or analysts also build models to assign a dollar value on intangible items, such as the benefits and costs associated with living in a certain town.
KEY TAKEAWAYS
A cost-benefit analysis (CBA) is the process used to measure the benefits of a decision or taking action minus the costs associated with taking that action.
A CBA involves measurable financial metrics such as revenue earned or costs saved as a result of the decision to pursue a project.
A CBA can also include intangible benefits and costs or effects from a decision such as employees morale and customer satisfaction.
Cost-Benefit Analysis (CBA)
Understanding Cost-Benefit Analysis (CBA)
Before building a new plant or taking on a new project, prudent managers conduct a cost-benefit analysis to evaluate all the potential costs and revenues that a company might generate from the project. The outcome of the analysis will determine whether the project is financially feasible or if the company should pursue another project.
In many models, a cost-benefit analysis will also factor the opportunity cost into the decision-making process. Opportunity costs are alternative benefits that could have been realized when choosing one alternative over another. In other words, the opportunity cost is the forgone or missed opportunity as a result of a choice or decision. Factoring in opportunity costs allows project managers to weigh the benefits from alternative courses of action and not merely the current path or choice being considered in the cost-benefit analysis.
By considering all options and the potential missed opportunities, the cost-benefit analysis is more thorough and allows for better decision-making.
The Cost-Benefit Analysis Process
A cost-benefit analysis should begin with compiling a comprehensive list of all the costs and benefits associated with the project or decision.
The costs involved in a CBA might include the following:
Direct costs would be direct labor involved in manufacturing, inventory, raw materials, manufacturing expenses.
Indirect costs might include electricity, overhead costs from management, rent, utilities.
Intangible costs of a decision, such as the impact on customers, employees, or delivery times.
Opportunity costs such as alternative investments, or buying a plant versus building one.
Cost of potential risks such as regulatory risks, competition, and environmental impacts.
Benefits might include the following:
Higher revenue and sales from increased production or new product.
Intangible benefits, such as improved employee safety and morale, as well as customer satisfaction due to enhanced product offerings or faster delivery.
Competitive advantage or market share gained as a result of the decision.
An analyst or project manager should apply a monetary measurement to all of the items on the cost-benefit list, taking special care not to underestimate costs or overestimate benefits. A conservative approach with a conscious effort to avoid any subjective tendencies when calculating estimates is best suited when assigning a value to both costs and benefits for a cost-benefit analysis.
Finally, the results of the aggregate costs and benefits should be compared quantitatively to determine if the benefits outweigh the costs. If so, then the rational decision is to go forward with the project. If not, the business should review the project to see if it can make adjustments to either increase benefits or decrease costs to make the project viable. Otherwise, the company should likely avoid the project.
With cost-benefit analysis, there are a number of forecasts built into the process, and if any of the forecasts are inaccurate, the results may be called into question.
Limitations of the Cost-Benefit Analysis
For projects that involve small- to mid-level capital expenditures and are short to intermediate in terms of time to completion, an in-depth cost-benefit analysis may be sufficient enough to make a well-informed, rational decision. For very large projects with a long-term time horizon, a cost-benefit analysis might fail to account for important financial concerns such as inflation, interest rates, varying cash flows, and the present value of money.
The law of demand states that a price and quantity demanded do not affect each other. b as price increases, quantity demanded increases. c as price increases, quantity demanded decreases. d supply, price and quantity demanded do not affect each other.
Answer:
c as price increases, quantity demanded decreases.
Explanation:
The law of demand states that the higher the price of an item, the lower the quantity demanded of that good. While the lower the price, the higher the quantity demanded.
This shows an inverse relationship. As the price of a commodity increases from a former price to a new price, the consumers of that commodity would purchase less of it. But if the reverse is the case, that is price is lowered, consumers would purchase more quantity of the commodity.
What does it mean to say that managers should maximize shareholders' wealth "subject to ethical constraints"? What ethical considerations might factor into decisions that result in lower cash flow and stock price effects than they might have otherwise been valued?
Managers should aim to maximize shareholders' wealth "subject to ethical constraints," which means that while pursuing financial gains, they must also consider moral and ethical principles.
Ethical considerations may influence decisions that result in lower cash flow and stock price effects, prioritizing long-term sustainability, social responsibility, and stakeholder interests over short-term profitability.
When managers are asked to maximize shareholders' wealth subject to ethical constraints, it means they are expected to pursue financial gains for shareholders while taking into account ethical considerations. This approach recognizes that financial success should not come at the expense of ethical principles. Managers need to consider factors such as social responsibility, environmental sustainability, and the well-being of stakeholders.
Ethical considerations might lead managers to make decisions that result in lower cash flow and stock price effects. For example, they might choose to invest in initiatives that have a positive social or environmental impact but yield lower immediate financial returns. This could include investing in renewable energy sources or improving working conditions for employees. By prioritizing long-term sustainability and stakeholder interests, managers may forgo short-term profitability for the benefit of society as a whole.
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True or false? Low saving impedes growth in capital, productivity, and living standards for a closed economy, but not for an open economy. You’d better explain your answer by graph. (Hint: Consider elasticity of demand/supply in loanable fund market.)
False. Low saving can impede growth in capital, productivity, and living standards for both closed and open economies.
In both closed and open economies, saving plays a crucial role in financing investment, which leads to the accumulation of capital, increased productivity, and improved living standards over time. When savings are low, there is less capital available for investment, resulting in limited resources for businesses to expand their operations, invest in new technologies, and enhance productivity.
To explain this concept graphically, we can consider the loanable funds market, which represents the interaction between the demand for and supply of loanable funds (savings) in an economy.
In a closed economy, the loanable funds market is depicted by the equilibrium between the demand for investment and the supply of savings. The demand for investment represents the willingness of firms to borrow funds for productive purposes, while the supply of savings represents the amount of funds households are willing to save and lend. If saving is low, the supply of loanable funds decreases, leading to a higher interest rate (due to increased competition for limited funds) and a lower quantity of funds available for investment. This results in a reduction in capital accumulation, lower productivity growth, and ultimately lower living standards.
In an open economy, the situation is similar. However, the presence of international capital flows can mitigate the negative effects of low domestic saving. In an open economy, capital can be sourced from foreign investors through capital inflows. This increases the supply of loanable funds, lowers the interest rate, and provides additional financing for investment. As a result, an open economy may experience some alleviation of the negative consequences of low domestic saving compared to a closed economy. However, it is important to note that low saving still limits the amount of domestic capital available for investment, and reliance on foreign capital has its own limitations and risks.
In conclusion, low saving can impede growth in capital, productivity, and living standards for both closed and open economies. While an open economy may have access to additional sources of capital through international borrowing, it does not eliminate the importance of domestic saving in supporting investment and long-term economic growth.
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Now that each account has been classified, assign account numbers to each account. You must assign account numbers so that accounts receivable, accounts payable, and expense accounts are in alphabetical order (by last name, in the case of accounts receivable). Use 3-digit account numbers and number the accounts within a division by 10s.
Answer:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation:
In the context of inventory costs, _____ costs can reflect backorders or service interruptions for external customers.
In the context of inventory costs, Stockout costs can reflect backorders or service interruptions for external customers.
What are Stockout costs?The capital lost from inventory that is no longer available for customers to purchase is known as stockout costs. The company loses money when a customer cannot purchase an item because it is out of stock.Stockout costs might represent backorders or interruptions in service for customers outside the supply chain in the context of inventory expenses.The three basic types of inventory-related expenses are ordering, holding, and shortage costs.Managers struggle to predict customer demand, especially when there is a significant departure from historical sales, which makes it challenging to calculate stock-out costs.Therefore, n the context of inventory costs, Stockout costs can reflect backorders or service interruptions for external customers.
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Diana refuses to take her turn in her employer's mandatory overtime schedule, citing family commitments. Diana's employer could discharge her for failing to meet job requirements without too much concern that a court might question its decision based on public policy reasons.
True
False
False. Discharging Diana could be questioned due to family commitments.
Diana's refusal to take her turn in her employer's mandatory overtime schedule, citing family commitments, does not automatically give her employer the right to discharge her without concerns about potential legal repercussions based on public policy reasons.
While employers generally have the right to establish job requirements and expect employees to meet them, there are legal limitations to consider. In many jurisdictions, employment laws protect employees from adverse actions by employers that violate public policy. These public policy exceptions may vary depending on the specific jurisdiction, but they generally include protections against termination or retaliation for reasons such as exercising legal rights, reporting illegal activities, or taking leave protected by law.
In Diana's case, if her family commitments are protected under applicable laws, such as family and medical leave laws or other similar regulations, her employer's decision to discharge her solely based on her refusal to work overtime may be subject to legal scrutiny. If the court determines that the employer's action violates public policy protections, it could potentially question the decision and hold the employer accountable.
It is important for employers to be aware of the legal obligations and potential consequences related to terminating employees based on job requirements. While employers have the right to expect employees to fulfill their job duties, they must also consider legal protections afforded to employees and ensure that their actions comply with applicable laws.
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Explain protocol for conducting research
Answer:
What is a research protocol? A protocol includes a background which summarises the evidence about the issue in the literature and provides a justification for doing the study. It describes the participants and the inclusion and exclusion criteria, as well as how they will be recruited.
Think about all the jobs that you encounter on a daily basis. How many different types of career paths intersect with your life every day? List as many different jobs and career paths that you see on a daily basis. Which ones, if any, interest you and why?
Answer:
I can provide you with a list of common jobs that may intersect with an individual's daily life:
Retail salesperson
Customer service representative
Delivery driver
Food service worker (e.g. server, chef, bartender)
Receptionist
Teacher
Health care worker (e.g. nurse, doctor, therapist)
Construction worker
Police officer
Office worker (e.g. administrative assistant, project manager)
I can provide information about different careers and what they entail. If you have specific questions about a particular career or job, I would be happy to help.
Explanation:
when we are forced to make choices, we are facing the concept of: question 10 options: a) ceteris paribus. b) scarcity. c) free goods. d) the margin.
Sam is responsible for overseeing all new high school construction and Jordan is responsible for all middle school construction within their county. According to the PMBOK, they would be considered:
Answer:
project managers
Explanation:
We need to take note of the word "responsible" and "overseeing" which is often applied to project managers. A project manager is one responsible or who oversees the initiating, planning, execution, controlling, and directing of a team towards achieving a project.
PMBOK which stands for Project Management Body of Knowledge would categorize Sam and Jordan as project managers.
Part of the movement to humanize bureaucracy includes a. more rigid hierarchical structures. b. efforts to reduce the amount of informal activity in the workplace. c. putting organizational needs above competing responsibilities. d. efforts to reduce the number of people in dead-end jobs.
Part of the movement to humanize bureaucracy includes:
d. efforts to reduce the number of people in dead-end jobs.What is Bureaucracy?This refers to the rigid network through which an organization functions and operates through the use of official channels to accomplish tasks which can be viewed as tiresome and burdensome.
With this in mind, we can see that as part of the efforts to try and humanize bureaucracy, there have been efforts in place to try and reduce the number of people that work dead end jobs.
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a decrease in the price of a good will typically increase demand for that good. select one: a. true b. false
The Statement is False. A decrease in the price of goodwill typically increases demand for that good.
In economics, the call for is the quantity of a terrific that purchasers are inclined and capable of purchasing at various charges all through a given time. the relationship between price and quantity called for is also referred to as the call for the curve. call for a particular item is a feature of an object's perceived necessity, fee, perceived pleasant, comfort, available alternatives, purchasers' disposable earnings and tastes, and plenty of different alternatives.
In economics, the call for the curve is the graphical illustration of the relationship between the charge and the quantity that purchasers are willing to buy. The curve suggests how the rate of a commodity or service modifications as the quantity demanded will increase. each point on the curve is a number of consumer calls for and the corresponding marketplace charge. The graph suggests the regulation of call for, which states that humans will purchase much less of something if the charge goes up and vice versa.
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How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.
Answer:
American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure
Explantion:
got it right on Edge 2022
Hughes Continental is assessing its business risk. Which of the following factors would least likely be considered in the analysis? A. Input price variability. B. Debt-equity ratio. C. Unit sales levels D. Gross profit margin
The correct option is (d).
The factor that would least likely be considered in the analysis of Hughes Continental's business risk is Gross profit margin.
Business risk analysis typically focuses on factors that directly impact the company's ability to generate profits and maintain its financial health. Input price variability (A) is important as it affects the cost of production and can impact profitability. Debt-equity ratio (B) is crucial as it reflects the company's financial leverage and its ability to meet its financial obligations. Unit sales levels (C) are significant as they determine the company's revenue and cash flow generation.
While the gross profit margin is an important financial metric, it is not directly related to assessing business risk. It is a measure of profitability that indicates the percentage of revenue remaining after deducting the cost of goods sold. Other factors such as operating expenses, competition, market demand, and industry dynamics may have a more direct influence on business risk assessment.
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Given the following, compute the standard cost per widget. Direct materials per unit 4 pounds Direct material cost $1.25 per pound Direct labor per unit 1.5 hours Direct labor rate $10.00 per hour Variable overhead rate $4.00 per hour Multiple choice question. $11.00 $21.00 $26.00 $20.00
The standard cost per widget if Direct materials per unit 4 pounds and Direct material cost $1.25 per pound is: $26.00.
Standard cost per weightUsing this formula
Standard cost per weight=Materials+ Labor+ Overhead
Let plug in the formula
Standard cost per weight= (4 pounds × $1.25) + (1.5 hours × $10.00) +(1.5 hours × $4.00)
Standard cost per weight=$5+$15+$6
Standard cost per weight=$26
Therefore the standard cost per widget if Direct materials per unit 4 pounds and Direct material cost $1.25 per pound is: $26.00.
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Which of the following phrases best describes O*NET?
A financial guide for students
A job search site
A career exploration tool
A college information database
Answer:
Job search site
Explanation:
....................
Answer:
C.
A career exploration tool
Explanation:
Not sure if this is right, but it's the best guess
someone breaks into your car and steals a camera and golf clubs locked in the car. it will cost $200 to get the window fixed. the stolen property is valued at $1,000. is each of the losses covered?
The losses may be covered if you have comprehensive coverage in your auto insurance policy. It is essential to review your policy and contact your insurance provider to confirm the coverage and understand any deductibles that may apply.
To determine if each of the losses is covered, you need to consult your specific insurance policy, as coverage varies between policies. However, I can provide a general overview.
1. Stolen property (camera and golf clubs):
In most cases, auto insurance policies with comprehensive coverage will cover the value of the stolen property, up to the policy's limits. You may need to pay a deductible before the coverage kicks in.
2. Window repair cost:
Comprehensive coverage typically covers the cost of repairing or replacing a broken window due to theft or vandalism. You may have to pay a deductible before the insurance covers the remaining cost.
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Some promises do not support a bargained-for exchange and will not support contractual consideration. Such promises are called __________.
The promises do not support a bargained-for exchange and will not support contractual consideration are called Contracts that are not supported by consideration.
What is bargained for exchange?The act of bargained for exchange is known to be the exchange between parties that are said to be engage in a contract in that it often leads to an enforceable contract.
Note that Contracts that are not supported by consideration are said to be usually not enforceable.
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