Answer: 30.1%
Explanation:
The unemployment rate includes those who do not have employment but are actively looking for employment not those who do not have a job and are not looking.
The rate is also based on the Labor force which is the portion of the population that is <u>able</u> and <u>willing</u> to work. Retirees are not included in this measure. Those who are not looking are not willing.
Labor Force = 50 full-time + 15 part-time + 28 unemployed
= 93 people
Unemployment rate:
= 28 / 93 * 100
= 30.1%
The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
<h3>What is possession utility ?</h3>
Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.
In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
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<u>Attached below are the missing options </u>
<em>A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.</em>
<em>B. Acquiring inputs and transforming them into products or services of greater customer value.</em>
<em>C. Effectively managing all value-added processes that influence when a product is available for purchase.</em>
<em>D. Assuring that products and services are where customers expect to find them—when they are needed.</em>
<em>E. All of the above</em>
Answer:
Health; automobile.
Explanation:
In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.
Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In this scenario, David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s health insurance covers prescription drugs and immunizations. David will also be receiving automobile insurance at no cost from his employer.
Answer:
The average product for the 10 workers is 350 sandwiches per month.
Explanation:
Average product is given by total output divided by total labor used
Total output per month = 3500 sandwiches
Total labor used per month = 10 workers
Average product = 3500 ÷ 10 = 350
Average product for the 10 workers is 350 sandwiches/month
Answer:
d. the firm has no individual effect on the market price.
Explanation:
Price taker -
It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share , is referred to as price taker .
The price taker does not have the capability to alter the market price , because it does not have enough power to do the same .
A price taker can be any one in the economy , and can freely take entry and exit .
Hence, from the given information of the question,
The correct option is d.
