Answer: Joint Underwriting Association
Explanation: An association which affords licensed drivers the opportunity to come together and provide coverage or compensation for vehicle owners or insurers is the Joint Underwriting Association. Members of the association are usually composed of drivers who have been unable to obtain insurance the regular or private insurance companies usually due to the risk exposure level of the driver's or car owners. The joint Underwriting Association requires that members pay shares fees and share of pool losses. However, they are usually more affordable than the standard insurance coverage offered by most private insurance companies and thus provides an insurance lifeline to high risk drivers.
Answer:
Explanation:
A. Swiss watch manufacturers producing high quality time pieces.
1. Comparative Advantage
B. U.S. auto makers offering a great variety of makes and models of cars.
2. Specialization or Economies of Scale
C. The ability of developing nations to export textiles to wealthier countries.
US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .
1. Comparative Advantage
wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
2. Specialization or Economies of Scale
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
Professor can earn more by using his time as a professor so he has comparative advantage .
Answer:
C. Decrease by $7,000
Explanation:
Calculation to determine what company's overall operating income would Decrease by
Using this formula
Overall operating income =(Product X units*Contribution margin )-Fixed overhead eliminated
Let plug in the formula
Overall operating income=(5,000 units*$5)-$18,000
Overall operating income=$25,000-$18,000
Overall operating income=$7,000 Decrease
Therefore As a result of discontinuing Product X, the company's overall operating income would:Decrease by $7,000
Answer:
an apprenticeship done on the job
Explanation:
An apprenticeship is a method for tutoring new practitioners of a profession. It entails on-the-job training coupled with some study (classroom work and reading). Apprenticeship is provided by a skilled, experienced, and licensed professional. The apprentice gets to learn practical aspects of a profession while earning.
Aryn would be best with an apprenticeship as she will not spend a lot of time in class. She will, however, acquire the skills she needs. Some apprenticeship may lead to certification.
The underwriting unit, when considering risk factors for individual and group disability insurance, will review the "carrier history" of the group. The factors might the underwriters consider are stability, longevity, and price shopping.
Some major financial organizations, including banks, insurance companies, and investment firms, offer underwriting (UW) services, in which they guarantee payment in the event of harm or financial loss and accept the financial risk for responsibility resulting from such guarantee.
In a number of circumstances, such as insurance, security concerns in a public offering, and bank loans, an underwriting arrangement may be established. The underwriter is the person or organization that consents to sell a minimum quantity of the company's securities in exchange for a commission.
Once an underwriting agreement has been reached, the underwriter is responsible for the cost of keeping the underlying securities on its books while also taking on the risk of not being able to sell them.
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