Answer:
EV = -$400
The expected value of buying the insurance policy is -$400
Explanation:
Expected value of buying the insurance policy;
EV = expected benefits - insurance cost
EV = xE - C
chances of collection being damaged x = 10% = 0.1
Insurance cost C = $500
Benefit E = $1000
Substituting the values;
EV = 0.1 × 1000 - 500 = 100 - 500
EV = -$400
The expected value of buying the insurance policy is -$400
Answer:
C. Unlike incumbent firms, new entrants do not have formal organizational structures and processes.
Explanation:
Having a structure and processes is good for an organization as this often guide any course of action . However, these structures sometimes seems to be too cumbersome and also take a longer process to build hence not immediately preferred by new entrants. Moreover, incumbent firms prefer incremental innovation to radical innovation due to the disruption that will be caused to existing structures if radical innovation is chosen.
For new entrants, it is somewhat easier for them to involve in radical innovation unlike incumbent firms because of absence of structure and processes which takes time to be built and implemented.
Answer:
80%
Explanation:
Calculation to determine the utilization of the bottleneck resource
First step is to calculate the Flow rate
Flow rate = 1/50
Flow rate = 0.02 customer per minute.
Second step is to calculate the Bottleneck capacity
Bottleneck capacity = Min(1, 1/40, 1/10)
Bottleneck capacity= 0.025 customer per minute.
Now let determine the Utilization of the bottleneck resource using this formula
Utilization of the bottleneck resource = Flow rate/Capacity
Let plug in the formula
Utilization of the bottleneck resource= 0.02/0.025
Utilization of the bottleneck resource= 80%.
Therefore the utilization of the bottleneck resource is 80%
Answer:
C. opportunity cost
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
For example, let us assume that Amanda leaves her job where she earns $250,000 to start a business where she earns $500,000. Her opportunity cost is $250,000 which is the salary she forgoes when she decided to start her business.
I hope my answer helps you
Answer:
The answer to the question is complete.
Will is carefully preparing his report because he wants to ensure that all the knowledge that the readers need to have to make an informed decision or conclusion are all provided in his document. This behavior implies his desire to ensure that he presents a complete information about the topic that he is writing about in his report.
