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aleksandrvk [35]
3 years ago
15

A retired athlete built a gym near his house that could be used for free by all the residents in the neighborhood. However, the

overuse of the facilities soon led to irreparable damages. This is an example of the ________.
Business
1 answer:
zhuklara [117]3 years ago
4 0

Answer:

Tragedy of the commons.

Explanation:

The "Tragedy of the Commons" refers to the phenomenon where People overuse a common resource. It is a situation arise when individual user share resources with much other and demand increase in comparison to the supply of resources, which lead to depletion, destruction, or damage to resources due to overconsumption. It can be prevented by using certain measures like fixing ownership of resources, assigning basic rules and regulations for usage of resources, penalizing for damage, etc.

In the given case, a retired athlete built a gym and made it common and free for neighborhood residents, which lead to overuse of gym facility and that is a tragedy of common arise.

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You are considering an investment in a mutual fund with a 4% load and expense ratio of 0.5%. You can invest instead in a bank CD
alexira [117]

Answer:

r>8.68695%

Annual rate of return is r>8.68695%

Explanation:

The net return, the buyer will get= 1+r-0.005

Where:

r is the interest rate

0.005 is expense ratio (0.5%)

Let suppose $1 is invested, then the return after two years is as below:

(1-0.04)*(1+r-0.005)^2

Considering the annual compounding of returns, the compound interest on $1 for 2 years will be (1+0.06)^2

The fund portfolio earn for you to be better off is:

(1-0.04)*(1+r-0.005)^2>(1+0.06)^2

0.96*(r+0.995)^2>1.1236

0.96*(r^2+1.99r+0.990)>1.1236\\0.96r^2+1.9104r+0.9504-1.1236>0\\0.96r^2+1.9104r-0.173>0

Solving the above equation, we will get:

r>0.0868695                     r>-2.0768 (Ignore this value as it is -ve

r>8.68695%

Annual rate of return is r>8.68695%

3 0
3 years ago
Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
dybincka [34]

Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA

A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.

A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.

A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.

Learn more about financial advisor here: brainly.com/question/28405498

#SPJ9

5 0
2 years ago
The balance of an account is determined by
AlladinOne [14]

Answer:

(B) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum

Explanation:

While calculating the closing balance of any account,

There includes two possibilities that the account might have debit balance or the account might have credit balance. And for computing this:

All the debits shall be accumulated and then their total shall be computed.

Similarly, all the credits shall be accumulated and their total shall be done.

Which ever is more then the account will have that nature of balance, accordingly the smaller shall be deducted from the larger one and the larger one will decide the nature of balance whether debit or credit.

4 0
3 years ago
Which company provides business credit rating services for businesses looking o finance loan through bank????? I put the picture
vodka [1.7K]

Answer:

B . Moody's

Explanation:

There are three major companies that provide credit rating services in the US. They are

  1. Standard and Poor (S&P)
  2. Moody’s Investor Services
  3. The Fitch Group

Each agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.

4 0
2 years ago
The emergency food assistance program distributes ___________ for home and institutional use. funds to buy food meals grocery st
GalinKa [24]
Food. Is there anything else to this?
4 0
3 years ago
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