Answer:
With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.
Explanation:
According to the given values in the question,
The expected value will be:
⇒ 
By putting all the given values, we get
⇒ 
⇒ 
⇒ 
($)
As we can see that,
Thus the above is the correct answer.
Answer:
TRUE
Explanation:
You need to know something about the hierarchy and culture of the company in order to understand how a specific business firm uses information systems because generally, information flows upwards in an organisation via the hierarchical structure.
The flow of Information passes through each level of the hierarchy to the top. Then follows the assessment of such received information, and dependent on the outcome of the information assessment, a decision is made.
Also, just like information flows upwards through the hierarchy, so also does decision flow up via the hierarchical structure to the bottom or the point where the decision is to be implemented.
Hence, it is true that you need the knowledge of an organisation's hierarchy in order to understand the flow of information.
Answer:
a. procedural justice
Explanation:
Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.
Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion
