Solution :
The risk averse is the person who wishes to reduce the uncertainty attached to the money.
Certain income = $2000.
50-50 chance of 1000 and 3000 would income expected income of
(0.5 x 1000) +(0.5 x 3000) = 2000
Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.
Hence the statement is FALSE.
Assume that the population level in a country is X. 5 percent of the population are likely to get affected by the disease due to which it makes a population of 0.05 X population to be effected by the disease. The population level will cost $38,000, hence making the total healthcare cost to be 1900 X.
Answer:
d. 2750 units
Explanation:
The break-even point occurs when the make option cost equals the buy option cost. The number of units 'x' needed in order for both options to yield the same costs is given by:
The break-even point is 2,750 units
Answer:
B. an unfavorable balance of trade and payments
Explanation:
- The BOP or the balance of trade is defined as the net gains or net exports that make the balance of payments and is said to be favorable when the country export more and imports less and is a positive change.
- It is said to be negative when the country imports more and exports less thus unfavorable in terms of the trade and payments.
- <u>Hence it means that the country has a deficit and this can impact the services and is not good for the economic growth perspective.</u>
Hi,
The answer is China
Over time, China has demonstrated their support to North Korea. In 2010 North Korea attacked with artillery the island of Yeonpyeong, where there were civilians, and South Korea responded by attacking North Korea's artillery.
Tensions scaled, and although most world governments condemned the attack, China's Ministry of Foreign Affairs didn't explicitly condemn the bombarding by North Korea and only made a call to peace in the Korean Peninsula.
Answer:
D.
Explanation:
Variety of sales jobs: There are hundreds, maybe thousands, of different types of sales positions. Almost every good or service you know of has a salesperson who sells it to one or more people.
Types of sales jobs:
-Retail sales person. Sells goods or services to consumers for their personal use.
-Wholesale sales person. Buys products from manufactures and sell to other organizations.
-Manufacturer’s sales representative, typically sell directly to wholesalers or retailers.
-Order taker: usually will ask the customer what he/she wants or wait for the customer to order. They do NOT have a sales strategy and often use no sales presentation. Example: think of a waiter.
-Order getter: get new and repeat business using creative sales strategies and a well-executed sales presentation.
