Solution :
The risk averse is the person who wishes to reduce the uncertainty attached to the money.
Certain income = $2000.
50-50 chance of 1000 and 3000 would income expected income of
(0.5 x 1000) +(0.5 x 3000) = 2000
Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.
Hence the statement is FALSE.
Assume that the population level in a country is X. 5 percent of the population are likely to get affected by the disease due to which it makes a population of 0.05 X population to be effected by the disease. The population level will cost $38,000, hence making the total healthcare cost to be 1900 X.
In other to ensure that her social media is impressive to the employer, Puya has to do the following:
- She has to remove all questionable online content that are going to make her appear like she is not a professional
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She has to try to set up a professional page on social media.
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She has to be deliberate and selective about the people that she has on her friends list.
Maintaining a good social media presence is of great importance. Employers would not want to employ a person with questionable character or abnormal behavior as a worker in their company.
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Answer:
b.accountability principle
Explanation:
Accountability principle states that a person should be responsible for their actions, products, decisions, and policies in administration and governance.
It is answerability, blameworthiness, liability, and the responsibility to give account of actions within one's jurisdiction. It entails taking ownership of consequences of one's actions.
In internal control accountability acts as a deterrent for noncompliance to laid down procedures, as each person is answerable for his failing in implementing organisation policies.
Answer:
B. Stage 3
Explanation:
Kohlberg's stages of moral development refers to the various stages of how individuals respond morally and under what circumstances. The theory is based upon how morals guide our actions and moral dilemmas faced by individuals.
Among the various stages defined by Kohlberg, Stage 3 corresponds to acting to serve the best interests of the client as well as maintaining good interpersonal relationships.
Under stage 3, an individual seeks social approval in his acts i.e his actions are governed by social values.
Answer:
The initial deposit should be of: $97,439.62
Explanation:
Giving the following information:
To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.
To calculate the initial investment required, we need to use a variation on the simple interest future value formula:
FV= PV*(1+i)^n
PV= present value
Isolating PV:
PV= FV/(1+i)^n
i= 0.019
n= 4*16= 64
FV= 325,000
PV= 325,000/ (1.019^64)= $97,439.62
