19/21. You can get this answer by deducting 2/21 which is the probability of Teesha being picked from 1.
I think that most of the people borrow money for large purchases instead of using a sinking fund because if you need money immediately borrowing money is a simple and easy thing, it takes less time whereas if you use sinking fund, it will take more time because for this you have to make plans earlier but it is a safe and protected method for clearing the debts.
Answer:
Governments can intervene to promote equity, and reduce inequality and poverty, through the tax and benefits system. This means employing a progressive tax and benefits system which takes proportionately more tax from those on higher levels of income, and redistributes welfare benefits to those on lower incomes.
Answer:
a) Re = Rf + [beta x (Rm - Rf)
10% = 5% + [1 x (Rm - 5%)]
5% = Rm - 5%
Rm = 10%
risk premium = Rm - Rf = 5%
b) Re = 5% + (1.5 x 5%) = 12.5%
c) Re = 5% + (0.7 x 5%) = 8.5%
since Re is lower than the expected return of the project, the NPV is positive.
d) 11.5% = 5% + (beta x 5%)
6.5% = beta x 5%
beta = 6.5% / 5% = 1.3
Answer:
Property Rights and Corruption
Private Action or Public Action:
a. legal mechanisms = Public Action
b. theft or blackmail = Private Action
c. organized crime/ protection money = Private Action
d. bribery = Private Action
e. weak legal system = Public Action
f. corruption = Private Action
Explanation:
Eclectic Paradigm is a three-tiered evaluation process which a company that plans to go international must follow in determining whether it would profit the company better limiting its operations to the domestic market or extending its operations to the international market.
The eclectic paradigm is called the OLI model or framework. It examines the Ownership Rights, Locational Advantages, and Internalization Factors. This helps the company to make decisions that are beneficial to it.
Property rights and corruption are aspects of the Ownership Rights that must be considered. Failure to put these factors into consideration may expose the company to risks and uncertainties and greatly reduce the ability of the company to increase economic benefits arising from transactions.
