Answer: The following statement is false: <u><em>A consumer is indifferent among all consumption bundles along a given budget line.</em></u>
<u><em>Reason:</em></u> A consumer is not indifferent among all consumption bundles along a given budget line since different consumption bundles yield different utility and thus do differ in preference as well.
Let's assume a budget line: px +py ≤ m
Now, let's consider two different consumption bundle A(
,
) and B(
,
)
We can plot them on a graph and compare the difference in regards with the above answer.
Both of these consumption good might be on the budget line but will lie on different indifference curves and thus will yield different utility.
Answer: an accounting
Explanation: Accounting is the method of documenting business-related financial transactions. The accounting procedure involves the review, analysis, and disclosure of these activities to supervisory authorities, legislators, and taxation bodies.
Accounting helps all the stakeholders as the financial statement prepared depicts all the current and past information about the company. Hence from the above we can conclude that the correct option is B.
The question is incomplete. The complete question is :
Jim is a 60 year old male in reasonably good health. He wants to take out a $50,000 term (i.e. straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given years is provided by the Vital Statistics Section of the Statistical Abstract of the United States.
x = age 60 61 62 63 64
P(age death) 0.01191 0.01292 0.01396 0.01503 0.01613
Jim is applying to Big Insurance Company for her term insurance policy. What is the probability that Jim will die in his 60th year? Using this probability and the $, death benefit, what is the expected cost to Big Rock Insurance.
Solution :
It is given that Jim, a 60 year old man wishes to take out the $50,000 life insurance policy until he turns 65 years of age when the policy will expire. So Jim apply to the insurance company, Big Rock Insurance for her insurance policy.
Now the death probability at a particular age is provided in the table above. According to the data provided in the table, the probability shows that Jim will die in the 60th year is 0.01191.
The expected cost to the Big Rock Insurance using this probability and $50,000 term insurance is given by :
Expected Cost 
= 595.50
∴ Expected cost = $ 595.50
Answer:
e. Oral communication allows no scope for a permanent record of the message
<span>Gus is likely to be intrinsically motivated as he continues to challenge and push himself to perform even better each day. Being intrinsically motivated is being motivated by internal rewards. Gaining more freedom at </span>work is an internal reward that Guys is being given based on his behavior at work. Due to this, Gus is being motivated by the intrinsic rewards.
