Answer: Externalities occur when the actions of an individual or group spill over onto others, without their consent.
Explanation:
By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.
Externalities can be either negative or positive. A positive externality for instance would be bees from a bee farm pollinating flowers in the environment.
A negative externality would be air pollution from China for instance contributing to global warming effects experienced in Northern Africa.
Answer:
B) C and D
- C. Whole life insurance
- D. Annuities
Explanation:
Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:
- Permanent life insurance policy, other than a group and term life insurance policy
- An annuity contract, other than a group annuity contract
- Any other insurance product with features of cash value or investment.
The AML's main goal is detect and stop terrorist financing.
Answer:
The performance problem to minor burns will be mainly psychological.
Explanation:
The staff involved will most likely exhibit a reduction in speed at which he or she executed the task which led to the burn.
If the personnel is in a chain of production where their own activity feeds others, it may translate to the increase in the time taken to achieve results.
One solution to this is to critically examine the production process and eliminate the cause of the accident if any.
If the cause of the incident was as a result of carelessness on the part of the staff, then he or she might have to be rescheduled to another department or unit where their current mindset will not stall the overall performance of the team/production line.
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Answer:
Explanation:
New selling price = $110 - $10
= $100
New sales level = 1,000 units x 150%
= 1,500 units
Net operating income = 1,500 units × Selling price of $100 per unit - 1,500 units × variable expense of $60 per unit - $30,000 + $5,000
= $25,000
Therefore, the net operating income after the changes is $25,000.
