Answer:
the remaining budget for other expenses = 1/8 of the total budget
Explanation:
Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.
Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.
Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.
If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8
So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget
<span>Expected utility is calculated by multiplying the utility of each possible outcome by its probability and summing the products. So if Terri has a 25% chance of becoming disabled and purchases a policy then her expected utility is: (.25 x $20,000) + (.75 x $80,000) = $5,000 + $60,000 = $65,000. On the other hand, if Terri does not purchase a policy then her expected utility is (.25 x $0) + (.75 x $80,000) = $0 + $60,000 = $60,000.</span>
Answer:
Glossary
Explanation:
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions
Answer:
$22,500
Explanation:
Chance of getting low quality car = 50%
Chance of getting high quality car = 50%
Cost of low quality car = $15,000
Cost of high quality car = $30,000
So, Price of the car = 50% of lower quality + 50% of higher quality
= (50% × $15,000) + (50% ×30,000)
= $7,500 + $15,000
= $22,500
Hence, price of the used car will be $22,500.
Answer: External opportunity
Explanation: External opportunities refers to the opportunities that arise from the political , legal and economical factors of the environment in which the organisation operates in. These are called external opportunities as organisation have no control over them.
In the given case, due to some policy changes of the Govt., Christopher corp. gets benefit of potential profits and increased market share in the future.
Thus, we can conclude that it is an external opportunity.
