Answer:
The future value of annual savings is $1,370.30
Explanation:
The amount of annual savings =(Shaan's premium +Anita's premium)*10%
Shann's premium is $790
Anita's premium is $645
Annual savings =($790+$645)*10%
=$143.5
The future value formula is given below:
=-fv(rate,nper,pmt,-pv)
rate is 5% annual interest rate
nper is the 8 years that is the duration of investment
pmt is the annual savings of $143.5
pv is the total amount invested now which is zero
=-fv(5%,8,143.5,0)
fv=$ 1,370.30
The transition to this new helpful worldwide economy really started coming to fruition back in the 1950s—a period in which the machines that drove the Industrial Age changed apparatuses for the new Information Age.
The real move to a data based economy accentuated data dispersion and recovery and in addition transnational monetary collaboration. As a feature of this pattern, in the 1950s different broad communications businesses started showcasing music, motion pictures, TV projects, and PC programming on a worldwide level.
Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.
It is true that Enterprise risk management is a valuable approach that can better align security functions with the business mission while offering opportunities to lower costs.
<h3>What is Risk Management?</h3>
In order to limit, monitor, and control the likelihood or impact of unfortunate events or to maximize the realization of possibilities, risk management entails the identification, appraisal, and prioritization of risks (defined by ISO 31000 as the influence of uncertainty on objectives).
Instability in global markets, threats from project failures (at any stage of design, development, production, or maintenance of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with uncertain or unpredictable root causes are just a few examples of the many different types of risks that can arise.
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