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Yanka [14]
3 years ago
10

When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ

urring is called a _____________________ .
Business
1 answer:
sp2606 [1]3 years ago
4 0

Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>

Explanation: Moral hazard happens frequently in cases of insurance. If a person has a house, they can decide to install a vault because it reduces the risk of being robbed;

However, when the same person has arranged an insurance that covers the risk of theft of the house, they will have fewer incentives than in the previous situation, to install the security door and ultimately it will be able to increase the probability of the loss in this Theft case. This behavior, for example, before insurance coverage is called moral hazard.

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In the absence of government regulation or private negotiation, firms will pollute less than the economically optimal amount.
juin [17]
Wrong in absence of gov. there will be no laws to abide so essentially they can do as they please.<span />
7 0
3 years ago
Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
Kaylis [27]

Answer:

I think Sears need to stop diversifying its product too much and focus on improving internal human resources.

Explanation:

The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.

Sears was known for  its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears”  which focused on adding more products for female customers.

But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.

In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.

4 0
3 years ago
What do student do in CTSO name one example
solmaris [256]

a student organization that contributes to the preparation of a world-class workforce through the advancement of leadership, citizenship, academic, and technological skills for students at the Secondary and the Post-Secondary level.

example: DECA or FBLA or FCCLA

7 0
3 years ago
How does the trade benefit the society?
alexdok [17]

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<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>

4 0
3 years ago
What was the opening price of Coca-Cola on Jan 1, 1962?
agasfer [191]

Answer:

I'm not 100 %sure but but I think 49 cents

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3 years ago
Read 2 more answers
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