Answer:
$1,500
Explanation:
Given that,
A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 if the man's death occurs in the next year.
The probability that the company pays nothing is 0.94 and there is 0.06 probability that the company pays $25,000.
So, on an average expected loss is as follows:
= 0.94 × $0 + 0.06 × $25,000
= $1,500
Hence, the minimum amount that he can expect to pay for his premium is $1,500.
Answer:
a. "Foreign manufacturers are offloading their cheap cars onto the U.S. market. We should stop this so that consumers have access to higher-quality U.S. cars."
-Anti-dumping laws prevent unfair competition.
DUMPING REFERS TO GOVERNMENTS SUBSIDIZING EXPORTS IN ORDER TO LOWER THEIR PRICES. THIS IS AN ILLEGAL PRACTICE NOT ACCEPTED BY THE WORLD TRADE ORGANIZATION.
b. "We must foster the innovation of small car companies, like Tesla. Allowing foreign electric vehicle manufacturers to sell cars in the U.S. will eliminate any chance of creating those cars domestically."
-Protection can help infant industries develop.
EVEN THOUGH CAR ARE MANUFACTURED IN THE US SINCE MANY YEARS AGO, TESLA AND OTHER ELECTRIC CAR MANUFACTURERS ARE STILL AN INFANT INDUSTRY.
c. "You should not buy a car from Nissan or BMW! You are putting people here out of a job."
-Foreign competition may lead to job losses.
JOBS MAY BE AT RISK WHEN A DOMESTICALLY PRODUCED GOOD IS REPLACED BY AN IMPORTED GOOD
Answer: Michael Jackson
Explanation: The iconic musician, singer and songwriter, Micheal Jackson completed the right of ownership to the Beatles catalog, library containing over four thousand music and sound effects after paying $47.5 million to ATV, headed by Australian billionaire, Holmes. The purchase was made after period of prolonged negotiation before Michael Jackson's manager and entertainment lawyer, John Branca eventually seed the pur hase on Jackson's behalf on the 10th of August 1985 after outbidding CBS and a host of others.
Answer:
Correct Answer:
d. none of the above
Explanation:
Payback method is a simple accounting method used to projects incoming cash flows from a given project and identifies the break even point between profit and paying back invested money for a given process.
Answer:
Clothing manufacturers typically prefer<u> "selective" </u>distribution.
Explanation:
Selective distribution is the best appropriate procedure for top brands that need to set up a predetermined number of outlets in a specific geological area. This is very unique in relation to exclusive distribution, and is considered as a center way to deal with distribution. Producers of goods such as equipment, machines which are used in our homes, and clothing usually prefer selective distribution