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Natali [406]
1 year ago
9

Uncertainty refers to situation when there is more than one possible outcome to decision and where the probability of each speci

fic outcome is not known what is the reason behind of this ?
Business
1 answer:
SVETLANKA909090 [29]1 year ago
7 0

A risk is behind the uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know.

<h3>What is a risk?</h3>

This refers to the chance either high or low that any hazard will actually cause somebody harm.

For instance, the act of working alone away from your office can be a hazard and the risk of personal danger may be high.

It is true that uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know, but a risk is behind tne situation.

Read more about risk

brainly.com/question/1224221

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You might be interested in
Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 4 barr
Iteru [2.4K]

Answer:8 barrels of oils per pair of shoe

Explanation:Greece and swizerland will need an average price by which they can both gain from trade.To ascertain the average price is by adding the 4 barrels of oil which Greece can forfeit and the 10 barrels of oil which Switzerland could also forfeit if it were into producing shoes.10+ 4 = 14/2 which almost 8 barrels to be given in exchange in other ensure a fair trade between both trading partners.

8 0
3 years ago
If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,.
nikitadnepr [17]

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, they will be unable to earn higher-than-normal profits in the long run.

<h3>What is a monopolistic competition?</h3>

A monopolistic competition is an industry characterised by many sellers of differentiated goods and services. A monopolistic competition has characteristics of both a monopoly and a perfect competition. A monopolistic competition sets the price for its goods and services. A monopolistic competition makes economic profit in the long run. An example of monopolistic competition are restaurants

A perfect competition is an industry characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. In the long run, firms earn zero economic profit due to no barriers to the entry and exit of firms.

Here are the options:

A. they will be unable to earn higher-than-normal profits in the short run. O B. they will wish to cooperate to make decisions about what price to charge.

OC. they will wish to cooperate to make decisions about what quantity to produce.

O D. they will be unable to earn higher-than-normal profits in the long run.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

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6 0
1 year ago
What is a disadvantage of the payback method?
HACTEHA [7]

The statement " It eliminates the inflows of cash earned following the payback period and time value of money" is the disadvantage of the payback method

The payback period is the period thats tells the time period in which the initial investment that was made should be recovered.

It is to be measured in years normally.

For finding the disadvantage, we need to find out the following information related payback period

  1. It is easy to calculate
  2. The cash flows earned after the payback period should not be used
  3. There is no requirement to determine the present value factor for measuring the payback period.
  4. Also, it does not use for distinct cheap projects from lower ones

So this is the reason this method ignored the times value of money

Therefore, we can conclude that, the correct option is b.

Learn more about the payback method here: brainly.com/question/16255939

5 0
3 years ago
f the unemployment rate is 8 percent, this means: a. 8 percent of the population is unemployed. b. 8 percent of the population o
hodyreva [135]

Answer:

c. 8 percent of the labor force is unemployed.

Explanation:

<em>The Unemployment Rate measures the percentage of the total labor force that is unemployed while actively seeking employment during the previous month</em>. If the unemployment rate is 8 percent, this means 8 percent of the labor force is unemployed. That also means, <u>out of all the people actively seeking employment during the previous month, 8 percent are still unemployed or jobless.</u>

3 0
3 years ago
The entry to record a purchase of $5,000 on account, terms of 2/10, n/30, would include a
Nezavi [6.7K]

Calculate, from the following information accumulated by Bob​ Verna, the adjusted cash balance at the end of July.

Bank statement ending cash balance​ $6,000

General ledger cash balance ending​ 8,500

Bank monthly service charge 90

Deposits in transit​ 5,000

Outstanding cheques​ 3,000

NSF cheque returned with bank statement 410


4 0
3 years ago
Read 2 more answers
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