Qatari people have an exceptional passion with cars because they own. At individual level, they own...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Qatari people have an exceptional passion with cars because they own. At individual level, they own more cars than any other people in Arabian country (or maybe in the world) and the owned cars are highly valuable though it might constitute a lower proportion of the individual earned annual income. Thus, the non-Qatari residents and expatriate, as opposed to Qatari citizens, who owns less valuable cars or are willing to buy or rent a car need to be conscious of the perceived risks associated with riding or driving in Qatar streets. Answer any 6 of the following inquires. 1. First, your personal car or automobile may compose the largest possible source of catastrophic lawsuits and legal judgements against you for injuries, death and damage caused by the car accidents. Thus, how you might get protected from this threat? Discuss the non- insurance steps that help you reduce these risks. 2. For 1 above, what are the factors you need to consider when buying liability coverage insurance. 3. Do you think that your current and future income are among the factor that determine the sort of protection you consider. 4. For me as non-Qatari Citizens, I am always tries to be careful not to be the cause of the accident or simply I tries to comply with traffic regulation, do you think "the who hit matters" to Qatari citizens in a similar fashion to mine. 5. Do you think Qatari tend to buy higher liability limits when they decide to own luxurious automobiles, larger-size or more safe autos? Is the liability limits split an issue in this regard? 6. Do you give more attention to the lawsuits and legal liability from owning an auto or give more concern with your personal injuries that might be associated with the accidents that might be happened to your car? Justify your answer. 7. Besides legal liability and personal injuries coverage limits, what are the other consideration you need to consider when buying an auto insurance? Offer two considerations that you need to be concerned about. 8. Suppose you consult your colleagues regarding buying an auto insurance and they pay your attention to the cost-effective deductibles? What are the implications of their advice. 9. Most people who own an old car tend not to buy more inclusive sort of coverage for the risks associated with driving these cars and the problem is overblown if the liability and personal injuries limits are relatively low. Do you think this behaviour is rational? explain. Qatari people have an exceptional passion with cars because they own. At individual level, they own more cars than any other people in Arabian country (or maybe in the world) and the owned cars are highly valuable though it might constitute a lower proportion of the individual earned annual income. Thus, the non-Qatari residents and expatriate, as opposed to Qatari citizens, who owns less valuable cars or are willing to buy or rent a car need to be conscious of the perceived risks associated with riding or driving in Qatar streets. Answer any 6 of the following inquires. 1. First, your personal car or automobile may compose the largest possible source of catastrophic lawsuits and legal judgements against you for injuries, death and damage caused by the car accidents. Thus, how you might get protected from this threat? Discuss the non- insurance steps that help you reduce these risks. 2. For 1 above, what are the factors you need to consider when buying liability coverage insurance. 3. Do you think that your current and future income are among the factor that determine the sort of protection you consider. 4. For me as non-Qatari Citizens, I am always tries to be careful not to be the cause of the accident or simply I tries to comply with traffic regulation, do you think "the who hit matters" to Qatari citizens in a similar fashion to mine. 5. Do you think Qatari tend to buy higher liability limits when they decide to own luxurious automobiles, larger-size or more safe autos? Is the liability limits split an issue in this regard? 6. Do you give more attention to the lawsuits and legal liability from owning an auto or give more concern with your personal injuries that might be associated with the accidents that might be happened to your car? Justify your answer. 7. Besides legal liability and personal injuries coverage limits, what are the other consideration you need to consider when buying an auto insurance? Offer two considerations that you need to be concerned about. 8. Suppose you consult your colleagues regarding buying an auto insurance and they pay your attention to the cost-effective deductibles? What are the implications of their advice. 9. Most people who own an old car tend not to buy more inclusive sort of coverage for the risks associated with driving these cars and the problem is overblown if the liability and personal injuries limits are relatively low. Do you think this behaviour is rational? explain.
Expert Answer:
Answer rating: 100% (QA)
Step 14 1 To protect oneself from potential lawsuits and legal judgments caused by car accidents noninsurance steps such as driving safely obeying traffic laws and being aware of ones surroundings can ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
What are some factors a manager should consider when establishing his or her firms target capital structure?
-
What are some factors a manager must consider when making a financing decision?
-
1. What are some factors that Alan should consider when determining whether or not to offer benefits to part-time workers? 2. Do you think the firm should offer benefits to part-time workers? If yes,...
-
Apply Theorem 3 to calculate the matrix exponential e At for each of the matrices in Problems 35 through 40. A = 13 3 3 3 01 3 3 00 23 0002
-
In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the followingcases. Cases 4 $15.90 $16.10 $15.90...
-
Use the product rule to simplify the expressions in Exercises 1322. In Exercises 1722, assume that variables represent nonnegative real numbers. 125x
-
A flat conducting plate is centered in the \(x y\) plane of an \(x y z\) coordinate system in which the \(x y\) plane is horizontal. A bar magnet is lowered vertically toward the plate. If the magnet...
-
Internal Indexes?Dollar-Value LIFO Presented below is information related to Kaisson Corporation for the last 3 years. Compute the ending inventories under the dollar-value LIFO method for 2009,...
-
11. SO2Cl2 on reaction with excess of water results into acidic mixture SO2Cl2 + H2O H2SO4 + 2HC1 16 moles of NaOH is required for the complete neutralization of the resultant acidic mixture. The...
-
The Country Store is a retail outlet for a variety of hardware and housewares. The owner is eager to prepare a budget and is especially concerned with her cash position. The company will have to...
-
(b) Justify the choice of an exponential distribution to model the packet inter-arrival times of a queue. You may use the following result in your justification lim (1 + 2)" = 12+700 e. [10 marks]...
-
Taguchi believes that quality is a societal, rather than an organisational issue. Consider how the quadratic loss function might enable a richer consideration of the arguments for sustainability.
-
Explain briefly the responsibilities of auditors in respect of the following governance reports of companies: (a) The strategic and directors reports. (b) The going concern statement. (c) The...
-
Outline the principles identified in the Global Reporting Initiatives Sustainability Reporting Guidelines (G3.1) that define the quality of the information provided.
-
Identify, and explain briefly, two pitfalls or difficulties of which auditors should be aware when planning to use CAATs during an audit engagement.
-
Suppose that in Figure 2-1, a student currently is allocating her study time in such a way that she is earning a C in mathematics and a C in economics. If the student desires to boost her economics...
-
Currently everyone in the market is able sell or purchase risk-free bond of any par value and earn/pay an interest rate of 5%. Consider the prices of options on one share of Stock Y, which has a...
-
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
-
Calculate the amount of the child and dependent care credit allowed for 2012 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla...
-
Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebecca's Social...
-
Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is final in 2012. They pay $6,000 in 2011 and $7,500 in 2012 of qualified adoption expenses, and have AGI...
-
Frieda Wannamaker is a taxable investor who is currently in the 28% income-tax bracket. She is considering purchasing a tax-exempt bond with a yield of 3.75%. The taxable equivalent yield on this...
-
A rationale for the use of the price-to-sales (P/S) approach is: a. Sales are more volatile than earnings. b. P/S ratios assess cost structures accurately. c. Revenues are less subject to accounting...
-
Technical analysis looks at the demand and supply for securities based on trading volumes and price studies. Charting is a common method used to identify and project price trends in a security. A...
Study smarter with the SolutionInn App