13. How does a LOE distance relay work?
14. What causes over-speeding? Explains the remedial action that needs to be taken to prevent over-speeding.
15. What causes loss of prime mover?
16. Can a generator be allowed to run with its prime mover lost? If not, why?
17. How is loss of prime mover detected? What are the problems encountered in implementing this protection?
Answers
13. A LOE (Line of Excitation) distance relay works by measuring the impedance or voltage at a specific distance on a power transmission line.
It compares the measured values to pre-determined settings to determine if a fault or abnormal condition exists and then initiates protective actions.
LOE distance relays are commonly used in power systems to provide distance protection for transmission lines. They measure the impedance or voltage at a specific distance from the relay location and compare it to a set of pre-determined settings. Based on the comparison, the relay determines the location of a fault or abnormal condition along the transmission line. If a fault is detected, the LOE distance relay initiates protective actions, such as tripping circuit breakers to isolate the faulty section of the line.
14. Over-speeding in machinery can be caused by various factors such as mechanical failures, control system malfunctions, or operator error. To prevent over-speeding, remedial actions include implementing safety controls, regular maintenance , training operators, and lling overspeed protection devices with appropriate setpoints and alarms.
Over-speeding occurs when the rotational speed of machinery exceeds safe limits. It can lead to catastrophic failures, damage to equipment, and endanger human safety. The causes of over-speeding can vary depending on the specific machinery involved. Remedial actions to prevent over-speeding include implementing safety controls and interlocks, conducting regular maintenance to ensure proper functioning of speed control systems, training operators on safe operating procedures, and lling overspeed protection devices. These devices monitor the speed and activate alarms or take automatic ive actions when the speed exceeds the predetermined threshold.
15. Loss of prime mover in a power generation system can be caused by issues such as mechanical failures, fuel supply problems, or control system malfunctions. It leads to a loss of power output from the generator.
16. No, a generator should not be allowed to run without its prime mover. The prime mover, which can be a diesel engine, steam turbine, or gas turbine, is responsible for driving the generator and providing the mechanical energy required for electricity generation. If the prime mover is lost, the generator cannot produce electrical power and should be shut down to prevent damage.
17. Loss of prime mover in a generator can be detected through various methods, including monitoring the speed and power output of the prime mover, checking for abnormal vibrations or noises, and analyzing control system signals. Implementing this protection can be challenging due to the complexity of power systems and the need for accurate and reliable detection. Problems encountered may include false alarms, delays in detection, or difficulties in distinguishing between normal transients and actual loss of prime mover events. Proper system design, calibration, and testing are essential to overcome these challenges and ensure effective detection of loss of prime mover conditions.
Learn more about maintenance here:
https://brainly.com/question/29608628
#SPJ11
Related Questions
One major reason businesses seek investment is to:
A. increase the opportunity cost of making new products.
B. boost their productivity by improving their inputs.
C. give them the ability to ignore production possibilities curves.
D. reduce their need for consistent financial growth.
Answers
One major reason businesses seek investment is to boost their productivity by improving their inputs. Option B is correct.
What is Investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
An investment always involves the expenditure of some resource today time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment.
For instance, an investor might buy a financial asset right away with the hope that it would provide income later on or that it can be sold for a profit at a higher price.
Thus businesses seek investment is to boost their productivity by improving their inputs in order to maximize wealth of owners of the business.
Learn more about Investment refer:
https://brainly.com/question/15105766
#SPJ2
A healthcare organization with 2 hospitals, 20 clinics, and 3 urgent care centers belongs to an ACO program. They have been in the shared savings program for two years and are now eligible to move large payments to a population-based model as they have been successful in keeping costs down and have met all the CMS benchmarks set for them. What type of ACO is this
Answers
Answer:
Pioneer ACO Model
Explanation:
The Pioneer ACO Model refer to the cms innovation center where it designed to support the organization with experience or the similar arrangement that could provide more coordinated care at the lower cost Since in the given situation they are eligible and shift to the large kind of payment so that the cost can be come down also it mets the benchmarks of the CMS so here the pioneer ACO model could be considered
Calculate the 2017 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has active income of $44 comma 000, a short-term capital gain income of $2 comma 800 from the sale of stock, and $7600 from book royalties. What is Gordon's average tax rate?
Answers
Answer:
15.32%
Explanation:
Note: Attached as picture below is the missing table
Total gross income = Active income + Capital gains + Book royalty = $44,000 + $2,800 + $7,600 = $54,400
Standard deduction = $6,350
Exemption = $4,050
Taxable income = Total gross income - Standard deduction - Exemption = $54,400 - $6,350 - $4,050 = $44,000
Income tax due:
Over 37,950 but not over 91,900 - 5,226.25 plus 25% of the excess over 37,950
Income tax due = 5,226.25 + 25%*(44,000 - 37,950)
Income tax due = 5,226.25 + 25%*6050
Income tax due = 5,226.25 + 1512.5
Income tax due = $6,738.75
Average tax rate = Income tax due/Taxable income
Average tax rate = $6,738.75/$44,000
Average tax rate = 0.15315341
Average tax rate = 15.32%
You may need to use the appropriate appendix table to answer this question.
Given that z is a standard normal random variable, find z for each situation. (Round your answers to two decimal places.)
(a) The area to the left of z is 0.9750.
(b) The area between 0 and z is 0.4750.
(c) The area to the left of z is 0.7486.
(d) The area to the right of z is 0.1210.
(e) The area to the left of z is 0.7088.
(f) The area to the right of z is 0.2912.
Answers
To find the values of z for each situation, we can use a standard normal distribution table or a calculator with a built-in function for the standard normal distribution. Here are the calculations:
(a) The area to the left of z is 0.9750.
Using a standard normal distribution table or a calculator, we find that z ≈ 1.96.
(b) The area between 0 and z is 0.4750.
To find the z-value for an area of 0.4750, we need to find the z-value for half of this area. Half of 0.4750 is 0.2375. Using a standard normal distribution table or a calculator, we find that z ≈ 0.73.
(c) The area to the left of z is 0.7486.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.69.
(d) The area to the right of z is 0.1210.
Since the area to the right is given, we need to find the z-values for the area to the left of 1 - 0.1210 = 0.8790. Using a standard normal distribution table or a calculator, we find that z ≈ 1.17.
(e) The area to the left of z is 0.7088.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.54.
(f) The area to the right of z is 0.2912.
Since the area to the right is given, we need to find the z-value for the area to the left of 1 - 0.2912 = 0.7088. Using a standard normal distribution table or a calculator, we find that z ≈ -0.54.
Rounding the values to two decimal places, the solutions are:
(a) z ≈ 1.96
(b) z ≈ 0.73
(c) z ≈ 0.69
(d) z ≈ 1.17
(e) z ≈ 0.54
(f) z ≈ -0.54
Learn more about z-values here:
brainly.com/question/32878964
#SPJ11
given the possibilities for crowding out, expansionary fiscal policy financed through government borrowing is MOST likely to be effective when theprivate sector is reluctant to spend or investis less significant when consumers deem tax cuts or rebates as permanentan increase in the average price level
Answers
Expansionary fiscal policy refers to the government's use of its spending and taxation powers to stimulate economic growth. When the private sector is reluctant to spend or invest, expansionary fiscal policy financed through government borrowing can be an effective tool to boost economic activity.
However, this approach can also lead to crowding out, where increased government borrowing leads to higher interest rates and less borrowing by private businesses and consumers.
The effectiveness of expansionary fiscal policy is less significant when consumers view tax cuts or rebates as permanent rather than temporary. Permanent tax cuts or rebates encourage spending and investment by giving consumers more disposable income, but temporary cuts or rebates may not have the same effect.
Finally, expansionary fiscal policy can also lead to an increase in the average price level, or inflation. This occurs when the increased demand resulting from the policy outpaces the economy's ability to produce goods and services. To minimize the risk of inflation, governments must carefully balance their spending and borrowing policies.
To know more about Expansionary fiscal policy visit:
https://brainly.com/question/29762365
#SPJ11
ONE TWO THREE FOUR _______________.
Answers
Answer:
I declare a thumb war?
Explanation:
Answer:
5
Obviously it’s 5 your welcome
How do the elements of the marketing mix work together to help create a
marketing strategy?
Answers
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
How do you calculate return on sales?
Answers
Return on sales is a metric for gauging how successfully a business converts sales into profits. To calculate operating profit, Operating profit can be found divided by net sales yields ROS.
Return on sales (ROS) is a ratio that is used to measure how efficiently a business runs. This indicator shows the profit made for each dollar of sales. While a declining ROS may be a sign of impending financial challenges, a rising ROS indicates that a company is getting more efficient. The operational profit margin of a company and ROS are strongly related. An organisation is experiencing regular, effective growth when its ROS is rising. However, a falling ROS could indicate serious monetary problems. Increasing sales can help improve Return on Sales, albeit this may require reevaluating present strategies.
To learn more about sales refer here:
https://brainly.com/question/28938950
#SPJ4
human wealth is given by: group of answer choices health. the present value of labor income. human capital accumulation. government transfers. education.
Answers
Human wealth is primarily given by human capital accumulation, which refers to the development and growth of an individual's knowledge, skills, and abilities through education and experience.
This accumulation contributes significantly to an individual's labor income, which represents the monetary compensation they receive for their work. The present value of labor income is the sum of an individual's expected income over their lifetime, taking into account factors such as career growth, job changes, and inflation.
Moreover, human wealth is also impacted by health, as a healthy individual is more likely to be productive and engage in income-generating activities. Government transfers, such as social security, unemployment benefits, and other welfare programs, can also influence human wealth by providing financial support to individuals during times of need or in their retirement years.
Lastly, education plays a pivotal role in human wealth as it equips individuals with the knowledge and skills necessary for better employment opportunities and higher income levels. As a result, a well-educated population contributes to a more prosperous society by fostering innovation, driving economic growth, and improving overall quality of life.
To learn more about inflation click here
brainly.com/question/29347039
#SPJ11
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
Know more about Curators here:
https://brainly.com/question/31509339
#SPJ8
Adnan, the director of human resources, receives e-mails on a regular basis from employees seeking information about their pay and benefits packages. Because Adnan receives so many of these e-mails, he quickly e-mails the employees back to let them know he has received the e-mail and that he will respond to them within a few weeks once he has gathered the appropriate materials. Adnan is most likely a ______ decision maker.
Answers
Answer:
Poor / Hesitant
Explanation:
We can infer that Adnan does not want to answer the tremendous number of emails received every day, so they move it to next week to answer. This is not a good decision because the emails will just keep piling up without being properly taken care of. A smart decision would be to answer the emails regularly and to not hesitate about the amount received.
The responsibilities of a ________ include collaborating with cross-functional teams on projects and analyzing organizational data.
A. systems analyst
B. consultant
C. business intelligence analyst
D. server administrator
E. technical sales
Answers
C. Business Intelligence AnalystThe responsibilities of a Business Intelligence Analyst typically include collaborating with cross-functional teams on projects and analyzing organizational data to identify insights, trends, and opportunities for improvement.
Business Intelligence Analysts work with a variety of stakeholders, including IT teams, business leaders, and end-users, to gather and analyze data from different sources and present findings in a clear and actionable way.Systems Analysts, on the other hand, focus more on the technical aspects of designing and implementing information systems that meet the needs of an organization. Consultants may work in a variety of roles, but their primary responsibility is typically to provide expert advice and guidance to organizations seeking to solve complex problems or improve their operations. Server administrators are responsible for managing the servers and network infrastructure that support an organization's IT systems. Technical sales professionals are responsible for selling technical products or services to clients and customers, often requiring a deep understanding of the technical features and capabilities of the products
Learn more about Intelligence here:
https://brainly.com/question/9944825
#SPJ11
Which skills are most likely to start at birth and develop as a person matures?Planning aides work with _____.
school planners
city planners
federal planners
business planners
Answers
Answer:
im thinking C. or D.
Explanation:
who join the NDS that will create in the future
and please don't let's people answer and it a question if you thick about
i will still give Brainliset
Answers
The President's National Security Strategy is the subject of the National Defense Strategy (NDS), which focuses on the Department of Defense's role in carrying it out (NSS).
Who meets the criteria for an NDA?Candidates who have finished class 12 or are currently registered in class 12 and are between the ages of 15.7 and 19 are eligible to apply for the NDA 2023 exam.
According to NDA eligibility 2022, candidates who were not born earlier than 02 January 2004 or later than 01 January 2007 are eligible to apply for the exam. Before proceeding to the exam selection procedure, candidates must first satisfy all of the required NDA qualification standards.
Who oversees NDS-OM?RBI uses the NDS-OM, an electronic anonymous order matching system with a screen-based interface, to trade its government securities on the secondary market. The system is now open to businesses who have SGL accounts with the RBI, including banks, primary dealers, insurance providers, mutual funds, etc.
What types of settlements does NDS handle?One of two groups makes up NDS-OM members, including:
Members Direct - Direct Members have access to current accounts with the RBI and the ability to directly settle trades on NDS-OM. Due to the fact that indirect members do not have current accounts with the RBI, they must settle through direct NDS-OM members.
Learn more about National Defense Strategy (NDS): https://brainly.com/question/9155453
#SPJ1
If producer confidence in the economy increases, economists would say that this is a:______
a. Positive demand shock that shifts AD to the left.
b. Positive demand shock that shifts SRAS to the left.
c. Positive demand shock that shifts AD to the right.
d. Positive supply shock that shifts AD to the right.
e. Positive supply shock that shifts SRAS to the left.
Answers
If producer confidence in the economy increases, economists would say that this is a positive demand shock that shifts the aggregate-demand (AD) curve to the right. Option c is Correct.
A positive demand shock occurs when there is an increase in the overall demand for goods and services in an economy, leading to higher economic growth and inflation. This can be caused by a variety of factors, such as an increase in consumer confidence, a decrease in interest rates, or an increase in government spending.
When producer confidence increases, it can lead to a similar positive demand shock, as producers are more likely to increase their output and hire more workers in response to the increased demand for their goods and services. This can cause the AD curve to shift to the right, leading to higher output, employment, and inflation.
Learn more about economy Visit: brainly.com/question/28210218
#SPJ4
Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
Which of the following is the best definition of a bit?
A. A measure of computer graphics and sound
B. A physical signal that becomes a digital signal
C. single 1 or 0 in a digital signal
D. An electrical signal in a wire
Answers
Answer: A single 1 or 0 in a digital signal
A measure of computer graphics and sound is the best definition of a bit.
Which of the following is the best definition of bit?A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.
Which of the subsequent is the best definition of a modern-day laptop?A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.
Learn more about computer graphics here: https://brainly.com/question/17506968
#SPJ2
EASY WILL GIVE BRAINLIEST!
A chronological resume is a format that emphasizes your capabilities, skills, and accomplishments rather than job titles.
True
False
Answers
A chronological resume lists your work history in order of of date.
At what price will the stock reach an ""equilibrium"" at which it is perceived as fairly priced today?.
Answers
it's equilibrium price is $55.75.
An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium except some characteristics of demand or supply change. Changes in the equilibrium price manifest when both demand or supply, or both, shift or move.
How do you discover equilibrium price?To find the equilibrium rate a mathematical system can be used. The equilibrium fee components is primarily based on demand and furnish quantities; you will set volume demanded (Qd) equal to quantity supplied (Qs) and resolve for the price (P). This is an instance of the equation: Qd = one hundred - 5P = Qs = -125 + 20P.
Learn more about equilibrium price here:
https://brainly.com/question/22569960#SPJ4Kadeem bought snacks for his team's practice. He bought a bag of oranges for $2.07 and a 24-pack of juice bottles. The total cost before tax was $33.03. Write and solve an equation which can be used to determine xx, how much each bottle of juice cost
Answers
Each bottle of juice cost are 1.29 per bottle.
What is tax?
The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The public pay tax is compulsory. There are two categories of tax such as direct tax and indirect tax.
The equation are the given are:
oranges for $2.07
total cost before tax was $33.03
24-pack of juice bottle
X = (tax-oranges) ÷ juice bottle
X = ($33.03—$2.07) ÷ 24
X = (30.96) ÷ 24
X = 1.29 per bottle.
As the result, the tax was the included the per bottle price is the $1.29.
Learn more about on tax, here:
https://brainly.com/question/16423331
#SPJ1
Answer:
Here's the equation and everything
Explanation:
How does compromising differ from accommodating in the Thomas-Kilmann Conflict Mode Instrument (TKI)?
-Compromising is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while accommodating is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Compromising is giving in to the customer at the expense of the organization while accommodating entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is giving in to the customer at the expense of the organization while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while compromising is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Answers
Answer:
Accommodating is giving in to the customer at the expense of the organization, while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Explanation:
ch 2: which of the following terms is the most encompassing? a. value chain b. transformation process c. general management process d. operating system
Answers
B: "Transformation process" is the most encompassing term.
The transformation process refers to the entire set of activities that organizations undertake to transform inputs into finished goods or services. This process includes all the stages of a value chain, such as procurement of raw materials, manufacturing, marketing and sales, and delivery to customers.
It also encompasses the general management processes that oversee the entire transformation process, including planning, organizing, staffing, leading, and controlling. The operating system refers to the specific systems and processes that support the day-to-day operations of an organization. The transformation process is therefore more encompassing as it encompasses all of these other terms.
You can learn more about Transformation process at
https://brainly.com/question/24146756
#SPJ4
Hailey is a songwriter who collects royalties on her songs whenever they are played in a commercial or a movie. Hailey will earn $30 every time one of her songs is played in a commercial and she will earn $100 every time one of her songs is played in a movie. Hailey's songs were played on 4 times as many commercials as movies and her total earnings on the royalties from all commercials and movies was $440. Determine the number of commercials and the number of movies on which hailey's songs were played.
Answers
The sum of the earnings per movie (30) and the product of the number of movies where the song was played (m) plus the number of ads where the song was played (m) must equal $700.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period. They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a positive effect on stock prices.
30 c + 100 m = 700
14 is equal to the sum of the number of movies (m) and the number of commercials (c).
c+ m = 14
The apparatus is:
30 c + 100 m = 700
c+ m = 14
Learn more about earnings, here
https://brainly.com/question/4346653
#SPJ1
question content area part 1 scarcity part 2 a. can be overcome by discovering new resources. b. stems from the incompatibility between limited resources and unlimited wants. c. is a bigger problem in market economies than in socialist economies. d. can be eliminated by rationing products.
Answers
Scarcity stems from the incompatibility between limited resources and unlimited wants
Because the desires of economic agents, such as people, businesses, or the government, are limitless, scarcity is a fundamental economic problem that affects every civilization. The incompatibility of finite resources and countless wants is the root of the world's economic problems.
Resources are constrained in that there is only a certain amount of them, and they cannot be expanded to satisfy everyone's unending needs or those of society as a whole. People and society must therefore decide how to divide up these finite resources in order to best satisfy their needs and wants. All economic activity is fueled by scarcity, which is the reason people have to make decisions and trade-offs.
Read more about scarcity on:
https://brainly.com/question/24514964
#SPJ4
Which of the following is NOT an example of a metric
?
Answers
Answer:
can you tell me what the choices are and I'll answer in the comments
Explanation:
floor gang aooh sub to pewdiepie
introduce national employment with its importance and examples
Answers
Answer:
national employment. Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
Explanation:
Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
forwards trade on organized exchanges whereas futures contracts take place between individuals and banks with other banks via telecom linkages. a. true b. false group of answer choices a b
Answers
False as futures contracts trade on organized exchanges whereas forwards take place between individuals and banks with other banks via telecom linkages.
Forward and futures contracts are derivatives systems that involve two parties who agree to buy or sell an asset at a set price from a future date. Buyers and sellers can reduce the risk associated with price movement on the street by locking in the buy/sell price in advance.
A forward contract is an arrangement that is made over-the-counter (OTC) and settled once at the end of the contract. Both parties involved in the contract discuss the exact terms of the contract. It is a private transaction and comes with a risk factor because the third party is responsible for repayment.
Futures contracts, on the other hand, are standard contracts that trade on stock exchanges. Therefore, they made decisions every day. These plans come with fixed maturity dates and inconsistent terms. There is very little risk with futures, as they guarantee payment on the agreed date.
For more such questions on Future Contract and Forward Contract:
https://brainly.com/question/29240253
#SPJ4
A life insurance policy issued to a healthy, young person covers a premature death exposure. Explain why this exposure is an ideally insurable loss exposure. In addressing this question, you must identify two characteristics of an ideally insurable loss exposure. ( 4 pts.) A tendency exists for a policyholder to purchase an insufficient policy limit with respect to property insurance on a building. Why is such the case? Assuming that the policy limit is insufficient and there is a loss that is less than the policy limit, what is the consequence for the policyholder and what recourse is available to the policyholder in terms of addressing this consequence?
Answers
The exposure of a premature death for a healthy, young person is an ideally insurable loss exposure for several reasons.
Firstly, an ideally insurable loss exposure should have a large number of similar risks, and in this case, there are many healthy, young individuals who may face the risk of premature death. This large pool of potential insured individuals allows for the spreading of risk, which helps to make the insurance coverage more affordable.
Secondly, an ideally insurable loss exposure should be predictable and have a low probability of catastrophic losses. Premature death, while unfortunate, is a risk that can be statistically analyzed and predicted to some extent. The probability of a healthy, young person dying prematurely is relatively low compared to older individuals or those with health issues. This predictability helps insurers to accurately assess the risk and set appropriate premiums.
Now, turning to the tendency for policyholders to purchase insufficient policy limits with respect to property insurance on a building. This is often the case because policyholders may want to save money on insurance premiums by purchasing lower coverage limits. However, this can be risky as it may leave the policyholder inadequately protected in the event of a loss. If a loss occurs that is less than the policy limit, the consequence for the policyholder is that they may not receive sufficient reimbursement to cover the full cost of the loss. In such a situation, the policyholder may have to bear the remaining cost out of their own pocket.
To address this consequence, the policyholder has a few options. They can choose to absorb the remaining cost themselves, which may be feasible if the loss is relatively small. Alternatively, they can negotiate with the insurer to try and receive additional compensation. Another option is for the policyholder to purchase additional insurance coverage or increase the policy limits to better protect themselves against potential losses in the future.
The exposure of premature death for a healthy, young person is an ideally insurable loss exposure due to its large pool of similar risks and predictability. However, the tendency for policyholders to purchase insufficient policy limits for property insurance can leave them inadequately protected in the event of a loss. The consequence is that the policyholder may have to bear some of the cost themselves, but they can address this by negotiating with the insurer, absorbing the cost, or increasing their coverage.
To know more about catastrophic losses visit :
brainly.com/question/33487045
#SPJ11
The exposure of premature death in a life insurance policy for a healthy, young person is considered an ideally insurable loss exposure. This is because it exhibits two characteristics that make it suitable for insurance coverage.
Firstly, an ideally insurable loss exposure involves a large number of similar risks. In the case of premature death, many healthy, young individuals exist who share similar risk profiles.
This large pool of insured individuals allows for the spreading of risk, making it financially feasible for an insurance company to offer coverage at affordable premiums.
Secondly, an ideally insurable loss exposure should have a calculable probability of occurrence.
In the case of premature death, actuarial data and mortality tables can be used to estimate the likelihood of death based on various factors such as age, health, and lifestyle choices.
This calculability enables insurance companies to determine appropriate premium rates and coverage amounts.
Now, moving on to the tendency of policyholders to purchase insufficient policy limits with respect to property insurance on a building.
One reason for this is the desire to minimize insurance costs.
Higher policy limits generally translate to higher premiums, and policyholders may be motivated to save money by opting for lower limits.
In the event that a policy limit is insufficient and a loss occurs, that is less than the policy limit, the consequence for the policyholder is that they may not receive full reimbursement for their losses.
For example, if a building incurs $200,000 in damages but the policy limit is set at $150,000, the policyholder would only be reimbursed up to the policy limit of $150,000, leaving them responsible for the remaining $50,000.
To address this consequence, the policyholder may have a few options available.
Firstly, they could absorb the loss themselves and pay for the remaining amount out of pocket. Secondly, they could negotiate with the insurance company to try and secure additional compensation, although this may not always be successful.
Lastly, the policyholder could choose to purchase additional coverage or increase their policy limit in the future to avoid being underinsured in similar situations.
Know more about premature death here:
https://brainly.com/question/31053076
#SPJ11
what is the full meaning of "SWOT"
Answers
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
Review George S. Day (1994): The Capabilities of Market-driven
Organizations
Answers
George S. Day’s “The Capabilities of Market-Driven Organizations”(1994) is a paper that discusses how market-driven businesses can succeed in today’s rapidly changing market environment.
The paper discusses how businesses can improve their performance and increase profitability by focusing on certain capabilities.
According to Day, a market-driven business is one that is focused on understanding the needs of its customers and responding to them quickly and efficiently. To do this, businesses need to develop a number of key capabilities. Some of the key capabilities discussed in the paper include:
1. Market Sensing: Businesses need to be able to monitor their customers and the market environment to identify changes in customer needs and preferences, as well as changes in the competitive landscape.
2. Customer Linking: To be successful, businesses need to build strong relationships with their customers and respond to their needs in a timely and effective manner.
3. Channel Bonding: Businesses need to develop strong relationships with their distribution channels to ensure that they are able to get their products and services to market quickly and efficiently.
4. Technology Exploiting: Businesses need to be able to leverage technology to improve their products and services and to make their operations more efficient.
5. Interfunctional Coordination: Businesses need to have a strong sense of teamwork and collaboration across different functions in the organization to ensure that everyone is working towards common goals.
Overall, Day’s paper provides a useful framework for understanding the capabilities that market-driven businesses need to succeed in today’s rapidly changing market environment. By focusing on these key capabilities, businesses can improve their performance and increase profitability in the long run.
To learn more about market, refer below:
https://brainly.com/question/15483550
#SPJ11