Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
6 Cards in this Set
- Front
- Back
|
How is cash flow improved by purchasing insurance? |
Money is not kept in reserve, freeing up capital and improves cash flow |
|
|
How can expansion of business be improved through purchasing insurance? |
Makes it easier for new businesses to start or grow with the safety of insurance. |
|
|
How is loss control a benefit of purchasing insurance? |
Policy holder will suffer less interruption and inconvenience as the effects are minimised. |
|
|
What do insurers do with premiums? |
Invest them to earn interest and money is held till it has to be used. |
|
|
What is an invisible export? |
Risk is obtained from other countries. There is no tangible product but risk is exchanged for cash. |
|
|
What are the social benifits of insurance? |
Encourages business activities and helps keep people in employment |
