Other Answers

Mr. Salim is the owner of a factory that recycles electronic waste, took fire insurance for his factory that worth RO 2.5 million. In the factory, several plasma cutters were used to break the electronic goods, which carries high fire risk. During signing of insurance contract, Mr. Salim failed to disclose the usage of plasma cutters. In addition, to reduce the burden of insurance premium, Khalid decided to cover his factory for only RO 1.5 million with the assumption that fire may not destroy the whole property. Hence, “average clause” was included to the fire insurance policy by the insurance company. One day, a major fire was reported in the factory. In the investigation, it was found that the fire was caused by the plasma cutters.
Instructions
a) Do you think Saeed is eligible for Compensation? Justify. -All fire insurance policies contain “Average Clause” to discourage under insurance. Explain in
detail. c) Distinguish the right of the Insurer and Insured to cancel a fire insurance policy.

Ali own and manage a manufacturing business with 50 workers. He decided to buy a workmen compensation insurance to protect himself and his workers against any risks while on job.
Instructions:
a) Do you think managers are also covered under this policy? Elaborate.
b) Discuss the premium payments in this policy.
c) State two situations, when insurer is not liable for injury to workman?
d) Workman died of pre-existing disease, which was aggravated by the work situation. Can the
employee’s family claim for the coverage? Justify

An agent has recommended a homeowner policy to one of his clients who wanted to protect his house. The insurance agent has submitted the application to the insurance company on behalf of his client. However, the agent was unaware that the client has neglected to report that the home is being used as a chemical factory.
Answer the following a and b parts separately and explain fully.
a) If you are the underwriter on this risk and it comes to your attention that the insured producing
chemicals in the house, what issues should you consider when you discover the actual facts about
the use of the insured home?
b) A kitchen fire occurs, before the insurer discovers the actual use of the home. As an adjuster assigned to this claim, when you come to know that the insured has failed to disclose a material fact to the insurer about the use of the home, what should you do to protect the insurer’s interest? What
are the consequences of not taking the proper steps to protect the insurer’s interest?

Instructions:
(ii) The assignment must be written in double spacing, Times New Roman and Font Size 12.

(iii) The final assignment must not be less than one thousand (1000) words.

(iiii) References must include at least five journal articles and five textbooks.

Questions:
1. As a Critical Thinking student in your community, you have been selected to give a talk on a theme ‘uncritical thinkers are hindrance to the fight against the COVID 19’. Give five characteristics of uncritical thinkers and suggest ways in which they can become critical thinkers.

List five reasons why discussions are considered important in the classroom

The following relates to sales and advertising expenditure

Period 1 2 3 4 5
Advertising [GHS’000] 5 8 12 18 24
Sales [GHS’000] 50 75 90 105 115

(a) State the regression equation and define the variables in relation to the above data.
(b) Determine the values of the coefficients in the regression equation in (a) above using the
least squares method.
(c) If an amount if GHS30,000 is spent on advertising, what will be the likely sales?
(d) What is the correlation between the variables using the product moment correlation coefficient?
(e) State and explain three (3) uses of regression analysis in businesses.

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Last month the Henke Company had sales ot $220,000, a C/M ratio of 40%, and an M/S ratio 30%. During the current month, a decrease in sales price and a decrease in fixed costs have ulted in a C/M ratio of 36%.and an M/S ratio of 24%. quired: (1) The amount sales decreased (2) New break-even point. (3) Profit during the current month. (4) Decrease in fixed costs hatthn Comnany's products

https://www.youtube.com/watch?v=-9mgEmEChBQ&feature=youtu.be all of the questions in the video.

what are five major problems faced by a mankind D in coronavirus pandemic what can be the solution for such problems ?