Answer:
Only small amounts of information are carried on the grapevine of workplace
gossip.
Explanation:
Grapevine is referred to as the circulation of unofficial information and rumors. Most of the communications in an organization is carried out through grapevine. It is informal communication of messages and information and also gossips in an organization. The grapevine communications carries more of accurate information than gossips. Only a small portion of the information consists of gossips in the functional grapevine.
Answer:
it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc
Answer:
Expected value of profit=$1085
Explanation:
Given Data:
At 0.40 probability:
Loss=$24,600 (will be negative value in final calculations)
At 0.25 probability:
Profit=$11,700
At 0.16 probability:
Profit=$50,000
At 0.19 probability:
Profit=$0
Required:
Expected value of the profit=?
Solution:
Expected value of profit=0.40(-24,600)+0.25(11,700)+0.16(50,000)+0.19(0)
Expected value of profit=$1085