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- Explain in brief the TWO (2) similarities and the differences of salary and insurance from the perspective of compensation. Plz do fast asapText When is a mortgage clause used in connection with insurance on a property? The insured lends money to a third party to build a house and adds the value of that property to their own policy. Text A mortgagee has a financial interest in the insured's property and wishes its interest protected under an insurance policy. The amount of insurance is insufficient to meet the amount owing under a mortgage. The mortgage holder wishes extra perils insured which are not included in the policy wording.Please provide 3 examples related to "Recognizing Employee Contributions with Pay"
- Explain the term Allowances?Compensation; Net Present Value (see Chapter 12) Kate’s Candy Co. makes chewy chocolate candies at a plant in Winston-Salem, North Carolina. Steve Bishop, the production managerat this facility, installed a packaging machine last year at a cost of $500,000. This machine isexpected to last for 10 more years with no residual value. Operating costs for the projected levelsof production, before depreciation, are $100,000 annually.Steve has just learned of a new packaging machine that would work much more efficiently inthe production line. This machine would cost $580,000 installed, but the annual operating costswould be only $40,000 before depreciation. This machine would be depreciated over 10 yearswith no residual value. He could sell the current packaging machine this year for $250,000. Steve has worked for Kate’s Candy for 7 years. He plans to remain with the firm for about 2 moreyears, when he expects to become a vice president of operations at his father-in-law’s company.Kate’s Candy…What are discretionary (voluntary) benefits programs and explain three of them (e.g., 401k, Employee Assistance Program, and Health Insurance)
- Suppose for a faculty hire, when do I bring up the possibility of a spousal hire?Define: Part of this law encourages employees to make greater use of salary reduction (defined contribution) plans.b. Explain the meanings of flexibility. Examine its implication for skills, type of contract and overall motivation and satisfaction people at work. (10)
- What is the accounts of paid the assistants salary?13. Kat has been a contract worker for a construction company and has just been offered a full-time, non-contract position. She will now receive additional benefits, such as employer-paid insurance and vacation; what are these components of employee compensation called? Direct deposits Variable payments Indirect financial payments Direct financial paymentsThe Registered Insurance Brokers Act of Ontario states, "An insurance broker means any person who for any compensation, commission or other thing of value, with respect to persons or property in Ontario, deals directly with the public...etc." Which one (1) of the following is EXEMPT from the provisions of the RIB Act? OA) An individual who for compensation solicits or negotiates a contract of insurance directly with the public on behalf of more than one insurer. OB) Operations where risk management services and claims assistance only are provided. OC) Organizations where consulting or advisory services with respect to insurance or reinsurance are provided. OD) An individual who acts solely on behalf of one insurer or affiliated group of insurers and the Facility Association.