One technique in answering behavior interview questions is STAR where S makes for specific situation, T for task, A for action and R for result. SImple but efficient procedure
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Answer:
First Airplane Payback Period = 3 years
Second Airplane Payback Period = 4 years
Since, First Airplane is going to repay the Original Cost of the Airplane in shorter amount of time as compared to Second Airplane. Therefore, if the the decision is based on the payback approach the North should accept First Airplane.
Explanation:
NORTH AIRLINE COMPANY
<u>First Airplane:</u>
Payback Period = Original Cost of the Asset / Annual Cash Inflow
Payback Period = $12,000,000 / $4,000,000
Payback Period = 3 years
<u>Second Airplane:</u>
Payback Period = Original Cost of the Asset / Annual Cash Inflow
Payback Period = $24,000,000 / $6,000,000
Payback Period = 4 years
Answer:
<h2>The answer, in this case, would be option a. or Incontestability clause.</h2>
Explanation:
- In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.
- Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.
- The clause is commonly applicable in the case of life and health or medical insurance policies.
T<span>he opportunity cost for the first extra hour of study is an hour of sleep or an hour of something you should have done in lieu of studying. Since you chose to study, and gave up </span>other<span> things which you could have done, those were your opportunity costs. You are willing to give up those things in order to study.</span>
