Insurance gives business people the assurance that there is continuity of business even after a risk occur.
Insurance creates a source of government revenue as the insurance firms also pays taxes.
Insurance cover acts as a saving plan to people.
Insurance crests employment to people thus reducing the level of unemployment in the country.
Insurance company gives loans to people thus giving people initial capital for business.
Insurance reduces money is circulation in the economy when they collect premiums thus reducing level of inflation.
Joseph lance answered the question on February 15, 2018 at 21:36
-
Give qualities of good information
(Solved)
Give qualities of good information.
Date posted:
February 15, 2018
.
Answers (1)
-
State four ways in which a forest as a natural resources may be of benefit to a country
(Solved)
State four ways in which a forest as a natural resources may be of benefit to a country.
Date posted:
February 14, 2018
.
Answers (1)
-
Despite their poor performance, the government is still interested in operating public corporations in the country.Explain five reasons why this is so.
(Solved)
Despite their poor performance, the government is still interested in operating public corporations in the country.Explain five reasons why this is so.
Date posted:
February 11, 2018
.
Answers (1)
-
Hassan is a trader at Kerugoya town. Explain five benefits he would enjoy when he opens a current account with a commercial bank.
(Solved)
Hassan is a trader at Kerugoya town. Explain five benefits he would enjoy when he opens a current account with a commercial bank.
Date posted:
February 11, 2018
.
Answers (1)
-
Highlight any five negative effects of free trade to a country.
(Solved)
Highlight any five negative effects of free trade to a country.
Date posted:
February 11, 2018
.
Answers (1)
-
Explain any five challenges to under population to the country
(Solved)
Explain any five challenges to under population to the country
Date posted:
February 11, 2018
.
Answers (1)
-
Discuss five measures that a business may take to safeguard and control its property
(Solved)
Discuss five measures that a business may take to safeguard and control its property.
Date posted:
February 11, 2018
.
Answers (1)
-
Explain any five means of payment that are available to traders in Kenya.
(Solved)
Explain any five means of payment that are available to traders in Kenya.
Date posted:
February 11, 2018
.
Answers (1)
-
Explain the various types of technology
(Solved)
Explain the various types of technology.
Date posted:
February 10, 2018
.
Answers (1)
-
Discuss the impacts of ICT on national development.
(Solved)
Discuss the impacts of ICT on national development.
Date posted:
February 8, 2018
.
Answers (1)
-
Explain the three basic characteristics that differentiate functional tactics from business strategies
(Solved)
Explain the three basic characteristics that differentiate functional tactics from business strategies.
Date posted:
February 8, 2018
.
Answers (1)
-
Discuss the various ways in which a firm can evaluate corporate performance
(Solved)
Discuss the various ways in which a firm can evaluate corporate performance.
Date posted:
February 8, 2018
.
Answers (1)
-
What is the relationship between consumer needs and product utility?
(Solved)
What is the relationship between consumer needs and product utility?
Date posted:
February 5, 2018
.
Answers (1)
-
Enumerate four ways in which economic resources are useful to Kenyans
(Solved)
numerate four ways in which economic resources are useful to Kenyans.
Date posted:
January 31, 2018
.
Answers (1)
-
On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later...
(Solved)
On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later in the day, Betty wrote to Albert and stated that she would take Ksh 3,200,000. The letter was received by Albert at his home on Tuesday morning. At 4.00 pm on Tuesday afternoon, Albert at his office in Westlands wrote a letter to Betty accepting her offer. On his way to post the letter Albert met Cuthbert who told him, ‘I gather that Betty has finally sold her car.’ Betty had, indeed, sold the car. Albert posted his letter and, upon arriving home in Rongai, discovered a message on his answer phone from Betty. The message had been left at 3.00 pm; Betty had stated, ‘I withdraw my offer.’ Albert bought a similar car for Ksh 4,000,000.
Advise Albert.
Date posted:
January 28, 2018
.
Answers (1)
-
What is light pollution?
(Solved)
What is light pollution?
Date posted:
January 28, 2018
.
Answers (1)
-
State circumstances under which a cheque may be dishonored.
(Solved)
State circumstances under which a cheque may be dishonored.
Date posted:
January 27, 2018
.
Answers (1)
-
Discuss the type,functions and jurisdiction and compositions of Kenyan court
(Solved)
Discuss the type,functions and jurisdiction and compositions of Kenyan court.
Date posted:
January 26, 2018
.
Answers (1)
-
Explain five disadvantages that a country may face if she restricted
trade with other countries
(Solved)
Explain five disadvantages that a country may face if she restricted
trade with other countries
Date posted:
January 26, 2018
.
Answers (1)
-
Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources.
(Solved)
Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources.
Date posted:
January 26, 2018
.
Answers (1)