Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as?

Answers

Answer 1

Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as “representation.”

Representation of a statement made in an application for insurance that the prospective insured represents has been correct to the best of his or her knowledge. If the insurance relies on representation entering the insurance contract and if it proves to be false at the time it was made. The insurer may have the legal option to void the contract.

A representation insurance policy is a form of coverage to guarantee the contractual representation made by sellers associated with corporate marge and acquisitions. A guarantee of the performance of a product. Product warranties are included within the definition of the named insurance product in general liability policies if untrue will avoid the policy.

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Related Questions

How did your participation in the personal and professional development activities go?

Answers

If you have any questions related to personal or professional development activities, I would be happy to try and assist you with them.

Professional development is the process of acquiring new knowledge, skills, and competencies that are necessary to advance in one's career or profession. It is a lifelong learning process that enables individuals to stay up-to-date with the latest trends, technologies, and best practices in their field. Professional development can take many forms, including attending conferences, workshops, and seminars, participating in online courses or webinars, reading industry journals or books, and networking with peers.

Professional development is essential for individuals who want to remain competitive in today's rapidly changing job market. It helps them to improve their job performance, enhance their job satisfaction, and increase their earning potential. Moreover, professional development is beneficial for employers as well, as it allows them to maintain a skilled and knowledgeable workforce that is capable of meeting the demands of their business.

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A good business meets ________ needs.
please help me


A) specialized
B) future
C)identified
D)likely

Answers

Answer:

b specialized

Explanation:

it the one that makes the most sense

i'm pretty sure it's likely !

what is nursing ?why is it needed?​

Answers

Answer: What type of nursing?

When you are in a conflict with another person, it is important to remember:
OA.
That you are right and he is wrong.
O B.
All the negative things the other person has said or done to you.
O C.
That you also helped create the conflict.
OD.
That it is your right to control your friends.

Answers

c. that you also helped create the conflict

A small consulting firm has an overhead rate of 200% of direct labor charged to each job. The materi- als cost (including travel and other direct costs) for a particular job is $10,000, and the direct labor is $20,000. What is the total job cost for this job? 4-19 Nieto Machine Shop budgeted 4,000 labor hours and 8,000 machine hours used in May. Total bud- geted overhead for May is $80,000. What is the overhead rate using labor hours and also using machine hours? Which would you pick and why?

Answers

1. Total job cost for the specific job:

- Direct labor cost: $20,000

- Overhead rate: 200% of direct labor cost

  Overhead cost = 200% * $20,000 = $40,000

- Materials cost: $10,000

- Total job cost = Direct labor cost + Overhead cost + Materials cost

                = $20,000 + $40,000 + $10,000

                = $70,000

2. Overhead rate using labor hours and machine hours:

- Budgeted labor hours: 4,000

- Budgeted machine hours: 8,000

- Total budgeted overhead: $80,000

Overhead rate using labor hours:

  Overhead rate = Total budgeted overhead / Budgeted labor hours

                = $80,000 / 4,000

                = $20 per labor hour

Overhead rate using machine hours:

  Overhead rate = Total budgeted overhead / Budgeted machine hours

                = $80,000 / 8,000

                = $10 per machine hour

3. Choice of overhead rate:

The choice of overhead rate depends on the nature of the business and the cost drivers that best reflect the allocation of overhead costs. In this case, if labor hours are considered to be a more accurate representation of the consumption of overhead resources, then using the overhead rate based on labor hours ($20 per labor hour) would be more appropriate.

The selection of the overhead rate based on labor hours can help ensure that overhead costs are allocated more accurately, reflecting the actual labor-intensive nature of the business. However, the decision ultimately depends on the specific circumstances and cost structure of the organization.

The total job cost for the specific job with a materials cost of $10,000 and direct labor cost of $20,000 is $70,000. The overhead rate using labor hours is $20 per labor hour, while the overhead rate using machine hours is $10 per machine hour. The choice of overhead rate should be based on the cost drivers that best represent the allocation of overhead costs in the organization.

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what does the real wage equal if the nominal wage equals $40 and the consumer price index equals 200

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The income tax consequences of a business transaction depend on which entity engages in the transaction because different entities are taxed differently under the U.S. tax code.

The tax code recognizes several types of business entities, including sole proprietorships, partnerships, limited liability companies (LLCs), S corporations, and C corporations, each of which has its own tax treatment.

For example, a sole proprietorship is not taxed as a separate entity, but instead, the business income or loss is reported on the owner's personal tax return. A partnership, on the other hand, must file an informational tax return, but the business income or loss is passed through to the individual partners, who report their share of the income or loss on their personal tax returns.

Similarly, LLCs can be taxed as either a sole proprietorship, partnership, or corporation, depending on how they choose to be taxed. S corporations are a type of corporation that pass through their income or loss to shareholders, who report it on their personal tax returns, while C corporations are taxed at the corporate level, and shareholders are taxed again when they receive dividends or sell their stock.

Therefore, the income tax consequences of a business transaction will depend on the type of entity involved and how that entity is taxed. It is important for business owners to understand the tax implications of their business transactions and to consult with a tax professional when necessary.

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how do you distinguish between the concepts of demand and supply functions in microeconomics and the concepts of ad and as functions in macroeconomics? why are they different?

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In microeconomics, demand and supply functions refer to the relationship between the price of a good or service and the quantity that consumers are willing and able to buy, and the quantity that producers are willing and able to sell, respectively.

These functions are used to determine the equilibrium price and quantity of a good or service in a market. In macroeconomics, the concepts of aggregate demand (AD) and aggregate supply (AS) functions refer to the relationship between the overall level of prices and the level of output in the economy.

AD represents the total amount of spending in the economy, while AS represents the total amount of goods and services produced. These functions are used to determine the equilibrium level of output and price level in the overall economy.

The main difference between these concepts is the level of analysis. Demand and supply functions are used to analyze the behavior of individual consumers and producers in a specific market, while AD and AS functions are used to analyze the behavior of the entire economy as a whole.

Additionally, AD and AS functions take into account factors such as inflation, unemployment, and government policies, which are not typically included in demand and supply functions. Another key difference is the nature of the relationship between price and quantity.

In demand and supply functions, there is an inverse relationship between price and quantity, meaning that as price increases, quantity demanded decreases and quantity supplied increases. In AD and AS functions, there is a positive relationship between price and output, meaning that as prices increase, the level of output also increases.

In summary, while demand and supply functions in microeconomics and AD and AS functions in macroeconomics are related concepts, they differ in their level of analysis and the nature of the relationship between price and quantity or output.

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Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age

Answers

Whether you’ve been convicted of a crime ore medical condition

'Market management is the key element for a business' Justify this statement with an example. ​

Answers

Answer:

Explanation:

Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.

Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.

An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.

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the Following 4. Journal sita ram Started business RS 50,000 andbank 100,000 with deposit​

Answers

Answer:

Whats the question

Explanation:

what is the caterpillars name in alice in wonderland

Answers

Answer:

Absolem

Explanation:

you are the administrator for a large organization that has started using azure. you need to use a microsoft azure monitoring tool to monitor devices and change settings. which of the following tools can you use?

Answers

The monitoring tool that I need to use to monitor device and change setting is azure iot central applications, as being the administrator of a large organization.

association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.

A wide range of legal entities exist, encompassing corporations, government, quasi organizations, political organizations, international institutions, armed forces, charities, for-profit businesses, partnership, cooperative, and academic institutions, among others.

A mixed organization is one that fulfills official services and generates commercial market activity concurrently in the public and private sectors. A volunteer-run organization is known to as a voluntary association.

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brussels enterprises issues bonds at par dated january 1, 2021, that have a $2,600,000 par value, mature in four years, and pay 9% interest semiannually on june 30 and december 31. 1. record the entry for the issuance of bonds for cash on january 1. 2. record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. record the entry for the maturity of the bonds on december 31, 2024 (assume semiannual interest is already recorded).

Answers

If brussels enterprises issues bonds at par dated january 1, 2021, that have a $2,600,000 par value. The journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,600,000, Credit Bonds payable $2,600,000.

How to prepare the journal entry?

1. January 1

Debit Cash $2,600,000

Credit Bonds payable $2,600,000

(To record  issuance of bonds for cash)

2. June 30

Debit bond  Interest expense $117,000

Credit Cash $117,000

($2,600,000×9%/2)

(To record  first semiannual interest payment)

December 31

Debit bond  Interest expense $117,000

Credit Cash $117,000

($2,600,000×9%/2)

(To record second semiannual interest payment)

3. December 31, 2021

Debit Bonds payable $2,600,000

Credit Cash $2,600,000

(To record  payment of bonds payable)

Therefore the journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,600,000, Credit Bonds payable $2,600,000.

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Private ownership of resources exists in _________________ and _________________ economies.

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Personal ownership of resources exists in capitalism and command economies.

Ownership is the legal proper to possess something. An instance of ownership is possessing a selected house and property. noun.

Ownership refers to the felony proper of an character, group, agency or government to the ownership of a thing. The difficulty of ownership is of types cloth and immaterial things. material possession is that which is tangible like belongings, land, vehicle, e-book, and many others. A shareholder is someone, employer, or institution that owns at least one share of a company's inventory or in a mutual fund. Shareholders essentially own the organization, which comes with certain rights and obligations. This kind of possession allows them to acquire the blessings of a commercial enterprise's success.

Ultimately, taking ownership is vital because it builds consideration, assistance, and bonds with humans you care about. A group cannot thrive without a subculture of responsibility as it's what continues everybody operating together toward a collective, described organizational undertaking.

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what do you prefer local fundraising or global fundraising and why? (just one reason)

Answers

Answer:

Doing local fundraising for a large organization can sometimes seem complicated and unwieldy.  Whether you are running a local affiliate of a large national organization, or are responsible for raising funds in a single neighborhood for a small, city-wide charitable group, raising local money for larger groups presents a unique challenge. I prefer local fundraising

global fundraising

Explanation:

because you can help people without water and electricy

answer this question plz I don't know it​

answer this question plz I don't know it

Answers

Answer:

1st: a

2nd: a

3rd: a

Explanation:

Answer:

share with your parents and other family members about this lesson your family may be interested about your atory your trimphs and struggles use this lesson on developing your academic andpersonal social skills your strengths and weaknesses can be a factor that can influence your decisions in the future

Proving that a company has engaged in the deceptive bait and switch practice is easy. T/F

Answers

The statement "Proving that a company has engaged in the deceptive bait and switch practice is easy" is False.

Proving that a company has engaged in deceptive bait and switch practices can be challenging and requires sufficient evidence and documentation.

Bait and switch refers to a dishonest marketing tactic where a company lures customers with an attractive offer or product but then attempts to switch them to a different, usually more expensive, item or service.

To prove deceptive bait and switch practices, one typically needs to gather evidence such as advertisements, promotional materials, pricing information, customer complaints.

any other relevant documentation that demonstrates the company's intent to deceive or mislead consumers.

Additionally, legal standards and regulations vary across jurisdictions, so it may require expert analysis and adherence to specific legal requirements to establish a case against a company for engaging in bait and switch practices.

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a 25-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,100. the bond sells for $950. (assume that the bond has just been issued.) what is the bond's yield to maturity? do not round intermediate calculations.

Answers

The bond's yield to maturity with call price of $1100 and selling price of $950 is $150.

What is yield to maturity?

The yield to maturity of a bond is its anticipated total return, assuming it is held until maturity (YTM). Long-term bond yields are calculated using yield to maturity, which is stated as an annual rate. In other words, it is the internal rate of return (IRR) of a bond investment if the investor holds the bond to maturity, with all scheduled payments made and reinvested at the same pace. Current yield, also known as yield to maturity, is the division of the annual cash inflows from a bond by its market price. It is used to determine how much money one would make by buying a bond and keeping it for a year.

Yield to maturity= $1100-$950=$150

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You are assigned to work with two other classmates to complete a class assignment. One of the classmates is not completing their work. What are three ways that you could solve this problem


Please help me fast

Answers

Answer:

1. you could ask them if they understand what to do and if they need help.

2. you could tell the teacher that they are not doing the work

3. i dont know what else

On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?

Answers

Answer:4900

Explanation: it makes sence duh.

Firms that adopt e-marketing strategies must consider making changes to their marketing mix variables. Which aspect of the marketing mix would relate to the ability to process orders electronically, reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel?

Answers

The aspect of the marketing mix that would relate to the ability to process orders electronically, and reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel is known as distribution.

What is distribution in marketing?

Distribution in marketing relates to how the product or service will get to the final consumer.

Hence, the aspect of the marketing mix that would relate to the ability to process orders electronically, and reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel is known as distribution.

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Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000

Answers

Answer:

A. $300

Explanation:

The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;

= Opening balance + purchase made - credit received - payment made

= $1,200 + $1,500 - $400 - $2,000

= $300

Hence, the amount will go into the schedule of accounts for Custom Motors is $300

Therefore the option a is correct

And, the same would be considered

Answer:

A 300

Explanation:

when the government chooses to use resources to build tourist centers, the chosen resources are no longer available to build highways. this best illustrates the concept of:

Answers

The scenario described illustrates the concept of opportunity cost. Opportunity cost is the value of the best alternative foregone when a choice is made.

In this case, the government has to choose between using resources to build tourist centers or highways. Choosing to allocate resources to build tourist centers means that those resources are no longer available to build highways. Therefore, the opportunity cost of building tourist centers is the construction of highways.

The concept of opportunity cost is essential in economics because resources are scarce, and choices have to be made about how to allocate them. By understanding the opportunity cost of each choice, decision-makers can make informed decisions that maximize their benefits and minimize their costs.

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When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________.

Answers

When the Federal Reserve calls in a discount loan from a bank, the monetary base increases, and reserves increase.

What is the monetary base?

The total quantity of cash in the hands of the general people or in the form of commercial bank deposits kept in the reserves of the central bank constitutes the monetary base. Since it does not include various types of non-currency money that are common in a modern economy, this measure of the money supply is not frequently used.

The monetary base increases as the Federal Reserve generates additional funds to buy bonds from commercial banks, increasing the banks' reserve holdings in the process.

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Select the statement below that describes a post-closing trial balance. Multiple choice question.
A. It is a listing of all permanent accounts and their balances after closing.
B. It is a listing of all temporary accounts and their balances after closing.
C. It is a financial statement that describes all revenue and expense accounts after closing,
D. It is a listing of all permanent accounts and their balances immediately after the adjusting process.

Answers

The post closing trial balance is A. a listing of all permanent accounts and their balances after closing.

What is the post closing trial balance?It shows the balances of permanent accounts (balance sheet items) at the closing of the reporting period. Helps compare debits to credits.

The post closing balance sheet allows a company to balance its accounts by comparing the balances on the debit side with the credit side. Adjustments can then be made.

In conclusion, option A is correct.

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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization

Answers

The following question is : false

The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:

b). False

'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.

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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?

Answers

Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.

What are retail companies?

Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.

Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.

Therefore, banks, non-banks, technology, and retail companies are stated above.

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Consumer magazines are targeted at like-minded consumers. group of answer choices true false

Answers

Consumer magazines are typically targeted at like-minded consumers. This statement is True. These magazines are designed to appeal to specific demographics or interest groups, such as fashion enthusiasts, sports fans, or food lovers.

By focusing on a particular audience, consumer magazines can provide content that is relevant and interesting to their target readers. This targeting allows advertisers to reach a specific group of consumers who are more likely to be interested in their products or services.

Additionally, consumer magazines often include articles, features, and advertisements that cater to the specific interests and preferences of their target audience. This ensures that the content is relatable and engaging for the readers.

Overall, consumer magazines aim to connect with like-minded consumers by providing them with content that resonates with their interests and preferences.

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Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.

Answers

Answer:

  C) You will receive two bottles of Edgozene when you order.

  D) Edgozene costs $29.95.

Explanation:

We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)

There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.

Answer:

c,d

Explanation:

Give an example of a time where you used Physical Capital to make or create something.​

Answers

Answer:

cash is one example of a physical capital

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Please Help me! ASAP Identify consequences of international trade g increased government spending crowds out investment due to part 4 a. higher interest rates. b. an increased money supply. c. stricter government regulations. d. the existence of interest rate floors. Chronic Granulomatous Disease In addition to the superoxide activity of the WBC, what other genetic information com be titeta in evaluating the fetus's future? Number of R8C Pueudomonas croakia infection sex all of the above an engineer spends most of his free time gambling on sporting events. is this a violation of ethical standards? Gemini group ordered motor tune ups and oil changes on their entire fleet of company vehicles in the third quarter. How should this expense be recorded?. Find the slope of the line passing through the points (-5,7) and (-5,-9) The increasing percentage ownership of public corporations by institutional investors has Multiple Choice had no effect on corporate management. created higher returns for the stock market in general. created more pressure on public companies to manage their firms more efficiently. taken away the voice of the individual investor. How to find duplicate characters in a string in java. Which term refers to a secure systems ability to protect against the unauthorized modification or destruction of information?. What is the probability distribution of the Table demand and the Chair demand?Identify an example for sample, sampling and trialIf the company is producing only Tables, what will be their maximum profit?The following frequency table was provided for the above project: Profit Frequency Probability Cumulative probability5000 10 3% 3%6000 60 15% 18%7000 70 18% 35%8000 180 45% 80%9000 50 13% 93%10000 10 3% 95%11000 20 5% 100%The manger wants to take a decision on the above project, what should be the manager decision if:a. The manger can accept profit of $8000 or aboveb. The manager can accept profit of $8000c. The manager can accept profit of $7000 (C) Describe ONE way in which population growth affected thedevelopment of technology in the period c. 1750-c. 1900. Ammonium phosphate ((NH4)3PO4) is an important ingredient in many solid fertilizers. It can be made by reacting aqueous phosphoric acid (H3PO4) with liquid ammonia. What mass of ammonium phosphate is produced by the reaction of 2.22 g of phosphoric acid? What was one effect of the Columbian Exchange on Europe?O gold and silver grew European economiesO one-third of Europeans died from American diseasesO Europeans were unable to grow their crops in the AmericasO life expectancy for Native Americans increased due to European medicine For the functions f(x) =x+2 and g(x)=x^2 -3 which expression has the greatest value?f(g(1))f(g(-2))g(f(-4)g(f(-2)) 6) A cruise ships course is set at a heading of 142 at 18 knots (33.336 km/h). A 10 knot current flows at a bearing of 112. What is the ground velocity of the cruise ship? (4 marks) 2. Thomas Hobbes argued that people were basically bad and that the besttype of government to keep them in line wasA. Popular DemocracyB. Absolute MonarchyC. DictatorshipD. Anarchy PLEASE HELPWhich of the following astronauts is from Weatherford, Oklahoma, and commanded missions for the Gemini andApollo programs?A. Shannon LucidB. John HerringtonC. Thomas StaffordD. Geraldyn Cobb Each pack of Triple Square Taffy has 3 pieces of fruit-flavored taffy. Pedro's favorite flavor is strawberry, but there's only a 25% chance that each piece will be that flavor. He buys a pack of Triple Square Taffy at the convenience store. How likely is it that all of the taffy pieces are strawberries?Which simulation could be used to fairly represent the situation? If Ted is high on the personality trait of assertiveness we would expect that he will act assertively