“I assure you, brother, the sun will shine on us again.”
Answer: The advantages would be efficiency and accountability; the disadvantages would be resource hoarding and low quality.
Explanation: There will be more trust between workers and indivuals, more accountability as well.
Answer:
1. Gateway Bank
3. White Shark Fishing Company
Explanation:
In the scenario being described the two entities that have an insurable interest in Jake or his property would be Gateway Bank and The White Shark Fishing Company. The Bank has an insurable interest because if something where to happen to Jake they would most likely incur the loss of $800,000 that Jake borrowed, the same goes for the boat since without the boat Jake can't earn income to pay back the loan. The White Shark Fishing Company on the other hand entrusts Jake with their cargo, meaning if anything happens to Jake or the Boat they would lose all of their cargo that Jake is transporting. This would cause them to have to incur those loses.
b. If Jake operated the boat on behalf of the White Shark Fishing Company he would have an insurable interest on the boat since he would lose the income that he makes with the boat. Also, if Jake has a contract and is responsible for the boat he might even have to incur the damages for the boat.
Answer:
Toyota used the price lining approach of pricing
Explanation:
Price lining is also known as the product line pricing which is a process of marketing, wherein the products or the services within a particular group are set at the different points of the price.
So, the company used the approach of price lining where they have the highest price as well as the lowest price list.
