Answer: A. You would raise your policy premium substantially and Sam would not accept because he doesn't know about the Japanese.
Explanation:
In such a scenario as the one described above, the best option as an Insurance Agent is indeed to raise premiums substantially.
As the Japanese will most probably get to market first with the new Mayonnaise Substitute, they will have the rights to it's invention and could even patent it.
This means that Sam and SCAM will most likely suffer a loss as a result of this.
As there is such a high chance of loss, charging a substantially higher premium to enable coverage is only logical and makes business sense.
Sam does not know however that the Japanese are so far ahead and having rejected a substantially lower offer, will reject the newer, substantially higher one as well.
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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Answer:
The cost of goods sold is $ 4,800.
Explanation:
This problem requires us to calculate cost of good sold. The opening and closing balance of finished goods is given in the question. The cost of good manufactured is also provided in the question.
The cost of good sold can be calculated by finding the amount transferred from finished good account. Detail calculation is given below.
Finished good inventory begining $ 1,000
Cost of good manufactured $ 5,000
Finished good inventory ending ($ 1,200)
Cost of good sold $ 4,800
Answer:
The correct option is option e)
not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Explanation:
The cost of one movie ticket is $8 then Bills' four tickets will be $32.
The cost of a basketball ticket is $28.
Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Answer:
She should not have brought up salary.
Explanation:
From the question we are informed about Amber who arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. In this case, What she did wrong was that should not have brought up salary.
An interview can be regarded as
a structured conversation between
interviewer as well as an interviewee, the interviewee could be a participant seeking for job. It is one-on-one conversation, during interview
information from a person can be obtained through oral responses of a participant. In case of the question, she should not have brought up salary.
Though she mentioned Cost reduction which was one of her strength and it's regarded as is the process engaged by companies in reducing their costs and also brings increase to their profits.
