In Most Cases, Insurable Earnings Are

question 187

Multiple Choice

In most cases, insurable earnings are

• A) maximum earnings.
• B) net earnings.
• C) pensionable earnings.
• D) gross earnings.

Understand the principles of rephrasing negative phrases into positive ones.

Identify strategies for responding to rumors and negative information on social media.

Learn techniques to minimize the impact of conveying negative organizational news.

Understand the use of the indirect approach for refusing claims and delivering bad news.

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Definitions:

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Accounting Profits

The net income for a company after all expenses have been deducted from revenues, according to generally accepted accounting principles.

Implicit Costs

The opportunity costs of using resources owned by the company for its own operations, rather than earning income elsewhere.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.