An implied warranty of merchantability guarantees   Question 5 options:   That the product will be completely perfect and free of defects   That the product will be suitable for its ordinary use   That the manufacturer cannot be sued if the product is defective

Q: Futures contracts are standardized agreements to buy or sell a commodity in a central market which…

A: In the commodity market, when firms want to make a long-term contract with the suppliers or to make…

Q: Simple moving averages can be useful as basic techncial tools for all of the following except: A.…

A: We are going to express.the benefits and shortcomings of Simple Moving Average (SMA)  to answer this…

Q: A price tag of $1,200 is payable in 60 days but if paid within 30 days, it will have 3% discount.…

A: Given: The amount of price tag is = $1,200 Payable in = 30 days The rate of discount is = 3% To…

Q: Which of the following is not a cause for the director of insurance to receive a producer’s license?…

A: Insurances are contracts that provide compensation against the losses that are mentioned in the…

Q: Which of the following statements is correct about a business income coverage form?   it must be…

A: Business income coverage form is a type of an insurance policy.

Q: # DEMAND FOR ONE HOOD ALWAYS FALLS WITH THE FALL IN INCOME OF BUYERS. True/False

A: The responsiveness of demand due to change in income depends upon what type of good we are talking…

Q: In order for an ad to be considered deceptive, it must make at least one false statement.…

A: Advertisement: Advertisement is the process to attract new customers and maintain the existing one.…

Q: An item is managed under a continuous review inventory policy. Daily demand for the item normally…

A:

Q: An applicant for an insurance producer license is not required to Obtain a bond Successfully…

A: In an insurance market, an individual or a firm enters for their personal behavior and tries to…

Q: The value difference between Klaus's worsened behavior at the end of the 12 weeks versus the promise…

A: The correct answer is given in the second step.

Q: Define conditions and warranties and distinguish between both under the relevant provision of Sale…

A: In an economy, different acts are made by the regulating authorities to distinguish the market…

Q: [Q: 12-2595976] A local insurance company offers both home and auto insurance to four types of…

A: Bundling is defined as the method of clubbing two goods together, it gives the consumers an option…

Q: Informed trading...   a. Aims to profit from differences between the market prices and fundamental…

A: Trading is done by the people through stock markets. In stock markets, people buys and sell their…

Q: The part of the policy which may request an insured to submit as a proof of loss is called the…

A: In Insured policy, Conditions are provisions inserted in the policy that qualify or place…

Q: Which of the following might best explain Medicare's interest in making bundled payments by episode?…

A: In bundled installment arrangements, the propelling power to avoid these patients is feeling better,…

Q: True or False. There is no such thing as “too much competition” in the private hospital market. Be…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: Margin trading occurs when a ________.   Question 2 options:   A)  broker does not charge…

A: Margin refers the percentage of equity of an investor.  Central bank has set the minimum requirement…

Q: What is meant by a product that is “Complementary” to another product? A) Another product that…

A: In microeconomics, some goods can be classified as substitute goods and complementary goods. This…

Q: Which of the following contracts would typically be used in an environment with a high degree of…

A: Which of the following contracts which typically be used in an environment with the high degree of…

Q: how to solve this question, and if it is possible without plagiarism, (one paragraph essay not more…

A: Here are some serious issues:  Water contaminations are seemingly the greatest key natural trouble…

Q: Use of credit information in rate determination for a new applicant requires Agreement of producer…

A: A credit agreement is a contract between a lender and a borrower.Creditworthiness or credit history…

Q: Bill offers to sell his car to Tom for $9,000. Tom replies"Your price is too hight I will offer to…

A: Given that Bill wants to sell the car at $9000 and Tom offers another price of $8000, this implies…

Q: Anticipatory repudiation:     Group of answer choices A. may occur when a party notifies the other…

A: An anticipatory break, or refusal, before being embarrassed to participate in meeting its legal…

Q: To ensure that utilities receive a normal rate-of-return, regulators set price equal to: a.…

A: Utilities are provided by monopolists due to capital intensive infrastructure. The monopolies…

Q: A producer has the possibility of discriminating between the domestic and foreign market for a…

A:

Q: State which of these statements is false: * A futures contract is fully customizable A futures…

A: The correct answer is given in the second step.

Q: A buyer who responded to a magazine advertisement regarding the purchased goods may be protected by…

A: A effective marketing strategy will raise awareness of your products and services, as well as…

Q: A broker notifies their Broker Company that they are moving to another firm at the end of the month.…

A: A broker is someone who buys and sells goods or services on behalf of others. A broker acts as a…

Q: The government is usually offering its services electronically to increase its operational cost.…

A: Government services are those services that are provided by the country's government to their public…

Q: Third degree price discrimination refers to: a. selling the same product to different consumers at…

A: Third-degree price discrimination entails having the ability to differentiate between different…

Q: Which of the following can be an example of signaling?   Group of answer choices An air-conditioning…

A: Signaling: - Signaling is that condition in which one party provides some information about himself…

Q: An insurance producer who, for the first time, knowingly misappropriates $150 of fiduciary monies is…

A: Insurances are contracts that provide compensation against the losses that are mentioned in the…

Q: Which of the following is an advantage of variable universal life over traditional universal life…

A: Variable universal life (VUL) is a type of permanent life insurance policy which has has investment…

Q: When a customer is required to buy one product only if the customer also buys a second product, this…

A: Markets refer to the places where the buyers and sellers interact. In the markets, the sellers tend…

Q: The correct answer is? * The relationship between the producer and the buyer through risk taking is…

A: Producer means who produces the goods and services for economic incentives. Whereas consumer is who…

Q: To maintain an insurance producer license, an insurance producer MUST do which of the following?…

A: An insurance producer sells insurance items to clients for an insurance organization. It is a…

Q: According to the due care theory of product liability   Question 2 options:   A company can be…

A: Product liability is the area of law that deals with the liability of the product and finds the…

Q: Which one of the statements on AgriInsurance is NOT correct?   Question 37 options:…

A: Introduction Agri Insurance has used for uncontrollable disaster. All options:  It is true, Agri…

Q: The Life and Health Insurance Guaranty Association may NOT do which of the following? A). Take…

A: The National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) is a…

Q: Describe the concept of contingency valuation, and two of its limitations.

A: Ecosystem valuation is a technique for calculating the effect of human actions on the environment…

Q: A local insurance company offers both home and auto insurance to four types of customers with the…

A: Bundling is defined as the method of clubbing two goods together, it gives the consumers an option…

Q: How might imperfect information impact price? Group of answer choices Because buyers cannot…

A:

Q: Most people do not steal because:         the marginal utilities of stolen goods diminish as more of…

A: Marginal Utility: - marginal utility is the utility derived by the consumption of an additional…

Q: From an economist's point of view, costs: Multiple Choice consist only of explicit costs. always…

A: Cost functions are derived from the production functions which demonstrate the available efficient…