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Which is most clearly a variable cost A rent B insurance premiums C salaries of employees under long-term contract D interest payments E wages of production workers?
Wiki User
∙ 16y ago
E. Wages of production workers.
If a firm were to shut down production, rent would still be owed, insurance premiums would still have to be paid, they would have to honor their long term contracts, and interest payments would still have to be met. But it could lay off any workers not under contract.
Wiki User
∙ 16y ago
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What comprises the national income?
Interest, compensation of employees, taxes on production and imports, rents, corporate profits, and proprietor's income all comprise the national income.
How can one improve employee productivity?
In order to improve employee productivity one should give positive or constructive feedback upon the work of each of the employees. In addition, it may be of great interest of allowing employees to come with their own suggestions for how to improve the production capacity and the workplace environment. If the employees are more free to move and feel that they can affect their workplace, they will have a greater motivation.
What is the largest component of national income a. compensation of employees b. rents c. interest d. corporate profits?
Compensation of employees
What factor of production is represented as interest earned on investments?
capital
Why is insurable interst is required for all kind of insurance?
Without insurable interest we can not give any kind of insurance coverage as because before giving any insurance courage we informed that we will put him the same position as he was before . In that case i like to say that there must be a financial interest on it.
Insurable interest with a life insurance policy must exist when?
At the inception of the contract.
Can an insurance agency have financial interest in mortgage company?
Usually yes because an insurance agency does not issue the insurance, it sells or brokers an insurance contract that is issued by an insurance. However some insurances do not like it when there is a controlling interest in a mortgage company. It all depends.
What are the characteristics of an insurable risk?
The essence of an insurable risk is essentially one in which the person or entity insured has an "insurable interest". This means, that the insured must have a reasonable expectation of advantage, usually monetary, from the continued existence of the property or life insured. It need not be an ownership interest. For example, a spouse who did not have an ownership interest in her husband's car, but who had the right to use the car, would have a sufficient insurable interest in it to support a contract of insurance. The lack of an insurable interest makes an insurance contract essentially a gambling contract--because the person taking out the insurance really has nothing to lose if the property insured is destroyed.
If you are named beneficiary on an accident life insurance policy and your relationship to owner is listed as wife but never legally married are you still entitled to receive payment?
The Insurance company should ideally check the validity of the relationship (whether legal spouse) at the time of issuing the contract or at the time of naming the beneficiary. Again the basic essence of Insurance contract is the valid insurable interest. I presume the Insurance contract is binding on the insurance company and the surviving spouse need to be compensated with the benefit amount of the Insurance contract.
What does cross-liability interest clauses in insurance contract mean?
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
What does cross liability interest clauses in insurance contract mean?
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
What is forced placed Insurance?
Forced Placed insurance is the coverage obtained by your Lienholder when you fail to comply with the insurance required by your agreed finance note. Forced Placed coverage will not provide you with liability insurance that meets your states Financial Responsibility requirements, it only insures the lienholders interest. The terms of your finance contract will describe the required coverage. Failure to comply with the terms of your finance contract results in the lienholder obtaining it to protect their interest in the financed property.
What are fixed annuities comprised of?
A fixed annuity is an annuity that pays a fixed amount of interest, defined by the terms of the contract. It is comprised of the money that you put in and the interest the insurance company provides in exchange.
Can you buy insurance for a car that isn't yours?
You cannot purchase insurance on a vehicle that you do not own. An insurance application along with a policy together make up a legally binding contract and within this contract it states that you must own the vehicle in order to insure the vehicle. In the lease you must have an insurable interest which includes a lease situation which would give you insurable interest and allow you to purchase insurance on the vehicle. If you do not own the vehicle or have an insurable interest in the vehicle then you cannot purchase insurance on the vehicle. If you and another person own a vehicle together whereby you both are listed on the title then this would also give you enough interest to by an insurance policy on the vehicle. In this case you would also need to list the other party on the policy as well in order to cover their interest also.
How can you escape your high interest contract?
try to get a lower interest loan and pay off the higher interest contract.
Is a it a law that insurance make check payable to both the owner and mortgage company?
Its part of the contract as both parties have an investment (interest) in the property
What comprises the national income?
Interest, compensation of employees, taxes on production and imports, rents, corporate profits, and proprietor's income all comprise the national income.
