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ch4aika [34]
3 years ago
6

Consider the following story: When Joe didn't have renter's insurance, he was very careful not to leave candles lit in his apart

ment and locked the door when he left. Now that he has renter's insurance, he typically leaves candles burning all day and forgets to lock the door, because he knows that even if his apartment catches on fire or gets broken into, his insurance will cover it. The economic problem in this story is known as:
A. The free-rider problem
B. Moral hazard
C. Government failure
D. Adverse selection
Business
1 answer:
fiasKO [112]3 years ago
4 0

Answer: Moral hazard

Explanation: Moral hazard can be defined as a situation when an individual increases his risk even when he has the option to no to, as he knows that he is insured and the potential loss will be bore by someone else.

In the given case Joe starting taking risk of fire as he knew that if there comes any loss, it will be bore by the insurance company. Hence the economic problem in this theory is Moral hazard .

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Recently Tanveer switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Tanvee
Dima020 [189]

Answer:

The correct answer is a) Esteem.

Explanation:

The pyramid of the Maslow hierarchy is based on five stages on the needs of people, which function as motivational factors for the individual; these are organized from those that must be satisfied first until reaching the peak of the pyramid.

Among Maslow's needs are:

  • Physiological needs.
  • Need for security.
  • Need for love and belonging.
  • Need for esteem.
  • Need for self realization.

In his theory, Maslow speaks that the needs are being filled from the bottom of the pyramid, which begins with the physiological needs, then progresses to reach the top of the pyramid to meet his need for self-realization. I also make it clear that the requirement should not be satisfied 100% to move on to the next one.

In this case, Tanveer needs importance for esteem. The need for esteem is divided into two: the first is self-esteem, where the need for independence and achievement are present; the second is the desire for reputation or respect of other people where prestige or status is related.

And for Tanveer, the respect and reputation of his employees in his new job are very important to him.

<em>I hope this information can help you.</em>

8 0
4 years ago
Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay annual payments starting one
Licemer1 [7]

Answer:

Periodic payment = $3,881.88 (Approx).

Explanation:

Given:

Present value of annuity = $36,500

Rate = 6.5% = 0.065

Number of payment = 15

Computation:

Present\ value\ of\ annuity = periodic\ payment[\frac{1-(1+r)^{-n}}{r} ]

36,500 = periodic\ payment[\frac{1-(1+0.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-(1.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-0.388826524}{0.065} ]\\\\36,500 = periodic\ payment[\frac{0.611173476}{0.065} ]\\\\36,500 = periodic\ payment[9.40266886 ]\\\\periodic\ payment = 3,881.87658

Periodic payment = $3,881.88 (Approx).

4 0
3 years ago
The adversarial system is said to have developed from the trial by ordeal wherein disputes were settled by having the parties fi
nikdorinn [45]

The correct answer is cross-examination. Cross examination is being defined as an interrogation in which being asked to a witness that is being called out by the opponent in which this is being preceded by the direct examination which is followed by a redirect examination.

8 0
3 years ago
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in
nevsk [136]

Answer:

386,800 units

Explanation:

Note that, Richards Corporation uses the weighted-average method of process costing.

This method focuses on units completed and units in ending work in process.

therefore,

Equivalent units calculation

Materials = 372,000 x 100 % + 37,000 x 40 % = 386,800 units

Therefore, the cost per equivalent unit of materials is 386,800 units.

7 0
3 years ago
• In Chapter 10, read the "Reading EnergyGuide Labels" section and complete
Leona [35]

The types of products have an energy-efficiency rating (EER) are:

  • Air conditioners
  • Home Energy Monitors
  • Smart Thermostats
  • EV Charging Stations
<h3>What is an energy-efficiency rating (EER)?</h3>

The EER is the cooling capacity (in British thermal units (Btu) per hour) divided by the power input (in watts).

<h3>Why might a consumer want to know the estimated yearly energy costs for operating an appliance?</h3>

Without energy monitoring, the customer will be unable to identify inefficiencies in their company or home and efficiently correct the issue.

Learn more about energy-efficiency rating (EER) at;
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8 0
2 years ago
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