Purchase an occurrence-based or claims-made liability policy

Assignment Help Operation Management
Reference no: EM131034943

The Goldman Cat House is a pet store catering to the needs of felines. The store is a sole proprietorship, taking in revenues of approximately $1,700,000 annually. Products available include kittens, cat food, cat toys, cages, collars, cat litter and litter boxes, and manuals on cat care. One manual was written by the store owner, who also makes up his own concoction for cat litter. All other goods are purchased from national wholesalers. Two part-time and two full-time employees work for Goldman. Sometimes the employees deliver goods to Goldman customers.

a. Identify some of Goldman Cat House’s liability exposures.

b. Would Goldman be best advised to purchase an occurrence-based or claims-made liability policy?

Reference no: EM131034943

Questions Cloud

Determine the maximum height h in meters : Determine the maximum height h in meters to which the girl can walk up the slide without supporting herself by the rails or by her left leg.The coefficient of static friction between the girl's shoes and the slide is µS=0.8
Diseconomies of sale : How long can a business operate when achieving 'diseconomies of sale'? Explain your answer using a specific example or scenario.
Compute the activity slack and identify the critical path : You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 15 working days. The contract also contains a penalty clause in which you will lose $100 for each day the project takes lon..
Lowest choice among financing options : If the cost of debt is the lowest choice among financing options, would increasing our percentage of debt reduce our cost of capital?
Purchase an occurrence-based or claims-made liability policy : The Goldman Cat House is a pet store catering to the needs of felines. The store is a sole proprietorship, taking in revenues of approximately $1,700,000 annually. Products available include kittens, cat food, cat toys, cages, collars, cat litter and..
By how much does the money supply increase : By how much does the money supply increase if the Federal Reserve injects $5 million into the system and the required reserve ratio is .2?
Does smith prefer west to east or vice versa : Coach Smith likes his players to be big, fast, and obedient.  If player A is better than player B in two of these three characteristics, then Coach Smith prefers A to B, but if player B is better than A in two of these three characteristics, then Smi..
Bonjour à tous : Bonjour à Tous,SVP j'ai besoin du document ECO 1300.Qui peux m'aider?
What is current yield : Perry Inc.'s bonds currently sell for $1,250. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000 . What is their current yield?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Using net present value as the criterion

Pat Maggard needs to purchase a new milling machine. She is considering two different competing machines. Milling Machine A will cost $300,000, and will return $80,000 per year for six years, with no salvage value. Using Net Present Value as the crit..

  What is your opinion on the validity of personality tests

What is your opinion on the validity of personality tests? Which of the performance appraisal methods is the most effective and why? Which of the instructional strategies is the most effective and why? This is a list of required trainings and other t..

  History of airline industry regulation and deregulation

Consider the history of airline industry regulation and deregulation: In 1978, President Carter signed legislation changing the airline industry from being strictly controlled through the Civil Aeronautics Board to being highly competitive. Since 197..

  The retailer expands the facility

F.J. Brewerton Retailers Inc., must decide whether to build a small or a large facility at a new location in south Texas. Demand at the location will either be low or high, with probabilities 0.1 and 0.6, respectively. If Brewerton builds a small fac..

  Labor productivity

Young bulls contracting repaved 50 miles of two-lane roadway with a crew of six employees. The crew worked eight days and used $7000 worth of paving materials. Nearby little dog construction repaved 30 miles of four-lane roadway working ten days with..

  External environment assessment

Each of the following forces are outside the organization and require management to react in some way. There are comments in each section regarding the trends in this area and how they might impact the organizations performance.(Automatic Data Proces..

  Happy farms held the boxes of pesticide however to date ja

happy farms inc. ordered 1000 gallons of a specialty pesticide berry good for its berry crop. the total price of the

  Describe the 4ps of marketing in organization

Based on the organization you selected, write a marketing plan of 750-1,000 words. Be sure to address the following, Describe the 4Ps of marketing in your organization?

  Explained on the help screen for the cash flow statement

As explained on the Help screen for the Cash Flow Statement, if a company generates revenues of $240 million in Year 11, revenues of $280 million in Year 12

  Linked group of firm past first-level suppliers or customers

The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.  _____ helps ensure that customers receive material when and where they require it. A ______ specifies how a group ta..

  Observing processes in a business

Using any business as an example, or by observing processes in a business, or by talking to someone who works, you should produce information about the 6 steps. Provide an introduction of any random company, industry and your association. Assess the ..

  Describe the role that a supply chain manager at dell

Describe how Dell's manufacturing processes represent a change in chain management from how things were done during the mass-production era.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd