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natita [175]
3 years ago
9

For a risk averse person, a. the pleasure of winning $1,000 on a bet exceeds the pain of losing $1,000 on a bet. b. the pain of

losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet. c. the utility function exhibits the property of increasing marginal utility. d. the utility function gets steeper as wealth increases.
Business
1 answer:
kompoz [17]3 years ago
8 0

Answer:

B. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.

Explanation:

A risk averse person is an individual or person rather who prefers lower returns with known risk than higher returns with unknown or higher risks. In this case, the individual prioritizes preservation of capital at hand over the potential of a more than average return. In this scenario, for a risk averse individual, the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet based on the high uncertainty attached to winning the $1000 bet.

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A company allocates $7.50 overhead to each unit produced. the company uses a Plantwide overhead rate with direct labor hours as
Rufina [12.5K]

Answer: Option (A) is correct.

Explanation:

Given that,

overhead to each unit produced = $7.50

Department 1:

Manufacturing overhead costs  = $74,358

Direct labor hours (DLH) = 6,610

Machine hours = 700 MH

Department 2 :

Manufacturing overhead costs = $49,572

Machine hours = 800 MH

Total Overheads = Manufacturing overhead cost of department 1 + Manufacturing overhead cost of department 2

                            = $74,358 + $49,572

                            = $123,930

Total Direct Labor Hours:

= \frac{Total\ overhead}{per\ unit\ overhead}

= \frac{123,930}{7.50}

= 16,524

Direct Labor Hours for Department 2:

= Total Direct Labor Hours - Direct labor hours of department 1

= 16,524 - 6,610

= 9,914 DLH

3 0
3 years ago
Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
morpeh [17]

Answer:

Single use plan

Explanation:

A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.

A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.

The single use plan can be very precise in handling a particular situation.

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4 years ago
Jordana is a travel agent. Whenever she sells an expensive vacation package, she encourages the customer to buy travel insurance
bogdanovich [222]

Answer: Financial

Explanation: Financial risk is any several categories of risk correlated with the research of money and how it is used, a treaty or process of passing a message which is held between a customer and a seller to trade aid to expenditure which involve organization loans in hazard of failure to meet circumstances of the loan.

7 0
3 years ago
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marta [7]

Answer:

Laundry Wish at. marami ng pang iba

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3 years ago
A project called the _____________ is digitizing some of the 7,000 human embryos lost in miscarriages, which have been kept by t
Neko [114]
The appropriate response is Virtual Human Embryo. The general objective of the Virtual Human Embryo (VHE) venture is to expand comprehension of human embryology and to support the investigation of human embryonic improvement by furnishing understudies and analysts with dependable assets for human developing life morphology.
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3 years ago
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