Answer:
The correct answer is letter "A": Individuals tend to gamble more with their money when the future is uncertain.
Explanation:
Risk aversion in Finance describes an investor who is just willing to accept a small level of risk on his investments. A risk-averse investor likes less risk and is prepared to accept fewer returns because of his choice. In a few words, risk aversion represents the likelihood investors prefer to secure their investments instead of risking more expecting higher returns.
Thus, <em>individuals gambling more when the future is uncertain reflects an opposite scenario to risk aversion.</em>
Answer:
The statement is true
Explanation:
Business expenses are deductible to the extent that they are incurred outside the tax home. Expenses related to business purpose are deductible. For example, meals and lodging expenses. Personal expenses are not deductible.
However, for cost incurred on travel to and from destination within tax home is considered business expenses and is not required to be prorated between business and personal expenses. IRS keeps a close eye on any business travel outside tax home as in this case expenses need to be prorated between business and personal use.
Answer:
d.Assets $40,000; liabilities $55,000
Explanation:
Insolvent: When the person is not able to pay its debts. The maximum money will be recovered from his estates as the person is not in the position to pay its dues.
From the above options, option d is the most appropriate option as the liabilities consisted of a large amount whereas the asset values are of less amount.
Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
<h3>
What was Foreign Assistance Act?</h3>
The Foreign Assistance Act can be regarded as an act that was structured to offer foreign assistance programs as well as distinguishing between military from non-military aid.
The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.
In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.
Some of the common foreign aid or assistance are;
- Multilateral Aid.
- Military Aid.
- Project Aid.
- humanitarian aid
- Tied Aid.
- Bilateral aid
Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
Learn more about Foreign Assistance Act at:
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