Administrator

2630. An example of shrinkage costs is

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incoming freight
storage costs
insurance
clerical errors
✅ The correct answer is D.
An example of shrinkage costs is clerical errors. Shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage in transit or in store, and cashier errors that benefit the customer.

2631. It would be advantageous to go for a family floater rather than non-floater due to the reason that

by
Higher cover would help any family member in case of high cost treatment
Premiums are considerably lower than where cover is taken for individual members
Both A & B
None of the three
✅ The correct answer is C.
It would be advantageous to go for a family floater rather than non-floater due to the reason that higher cover would help any family member in case of high cost treatment and premiums are considerably lower than where cover is taken for individual members.

2633. A capital intensive enterprise requires __________.

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more employees
less employees
male employees
female employees
✅ The correct answer is B.
A capital intensive enterprise requires less employees. Capital intensive refers to business processes or industries that require large amounts of investment to produce a good or service, and therefore have a high percentage of fixed assets (property, plant, and equipment (PP&E)).

2638. Which of the below statement is true regarding ULIP’s?

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Value of the units is determined by a formula fixed in advance
Investment risk is borne by the insurer
ULIP’s are opaque with regards to their term, expenses and savings components
ULIP’s are bundled products
✅ The correct answer is C.
ULIP’s are transparent with regards to their term, expenses and savings components. The value of each unit of a fund is determined by dividing the total value of the fund’s investments by the total number of units.