That statement is False.
One-season operation requires a lot Fixed-assets that woud be a waste if simply un-used for other seasons.
The only destinations that could operate one-season operation are the ones that popular enough and could attract a lot of consumers or the ones that injected by a huge amount of capital
Answer:
When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.
a. Middle class ⇒ Both VAGUE and AMBIGUOUS
Middle class is non specific because it is used as a blanket term for people or things not in either first or lower class. It also has multiple meanings.
b. Odd number ⇒ NEITHER
c. Gold ⇒ AMBIGUOUS
Gold has several meanings such as being a mineral, medium of exchange or even a color.
d. Bank ⇒ AMBIGUOUS
Bank also has different meanings. It could be a financial institution, land next to water or even a repository for blood.
e. Opportunity ⇒ VAGUE
Opportunity is vague unless the opportunity is described.
f. Jaguar ⇒ AMBIGUOUS
Jaguar has multiple means. It could be a animal or it could be a car.
g. Credit ⇒ AMBIGUOUS
Credit has several meaning as well. It could refer to loans, financial entry, increase in bank account etc.
I think the likely response from the bank is that probably the date when you issued the checks is not the same when the beneficiary cashed or deposited them.
Answer:
b. 3.70 percent
Explanation:
Expected rate of return of a stock, given probabilities, is calculated by summing up the product of probability of each state occurring by the expected return of the stock should that happen.
Expected rate of return = SUM (probability *return)
Boom;(probability* return) = (0.15* 0.10) = 0.015 or 1.5%
Normal ;(probability* return) = (0.70* 0.04) = 0.028 or 2.8%
Recession ; (probability* return) = (0.15* -0.04) = -0.006 or -0.6%
Next, sum up the expected return for each state of the economy to find the expected rate of return on this stock;
= 1.5% + 2.8% -0.6%
= 3.7%
Therefore, the correct answer is choice B.
