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sukhopar [10]
3 years ago
9

Ashley opened an all-you-can-eat buffet restaurant. the price per-person was based on what ashley believed an average restaurant

patron would consume. the restaurant began to lose money. ashley concluded that her patrons had "above average" appetites, and were attracted to her restaurant because they could eat as much as they wanted while being charged an average price. a similar phenomenon exists in insurance markets. this problem is called
Business
2 answers:
Rudiy273 years ago
7 0
<span>In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance.</span>
Zarrin [17]3 years ago
3 0

Answer: In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance. hope this helps )

Explanation:

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12. A food handler notices that the water temperature of the sanitizing solution is too low. Should the food handler use the san
N76 [4]
<h2>No the food handler should use new sanitized water.</h2>

Explanation:

  • When the temperature of the water of the sanitizing solution is low, it means that there is more chance of "bacteria being present in the water".
  • So this bacteria can go and affect the food and when the living being intake the food, there is a possibility for illness.
  • How sanitizing hand is important, it is that equal important to sanitize the pans to "stay healthy".
  • So, "the water should be poured out and new water containing the sanitizing solution should be used".
8 0
3 years ago
Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
hjlf

Answer:

I wouldn't invest.

Risk preference at least 50-50 chance of gain and loose

Explanation:

case of success the return i get is $40000

case of failure i lose $20000.

My analysis shows P40=0.3 of success

And P-20=0.7 of failure.

The probability of a loose is much bigger than the probability of a gain.

So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.

My loose accumulating to 140000

While my gain is 120000.

I can't invest

7 0
3 years ago
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
Alex

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

7 0
3 years ago
Read 2 more answers
When starting a business it is best to ? A. Borrow from bank B. Find investors C. Use your saving D. Obtain a loan from family o
nikdorinn [45]
I'd rather use my Saving but Getting a loan from family or friend is Kinda Nice if they have the money for it. but Borrowing from a Bank is Smart But Do You Even Have enough money in you're bank for it?

6 0
3 years ago
Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $
sesenic [268]

Answer:

2 times

Explanation:

The computation of accounts receivable turnover is shown below:-

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

where,

Net credit sales is $1,000,000

And, the Average accounts receivable is

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ( $700,000 + $300,000) ÷ 2

= $500,000

Accounts receivable turnover = Net sales ÷ Average accounts receivable

= $1,000,000 ÷ $500,000

= 2 times

6 0
3 years ago
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