Answer:
1<em>. Emergency surgery is less elastic than cosmetic surgery.</em>
<em>2. A cheeseburger at 2:00 am at a 24 hours restaurant is less elastic than a cheeseburger at 7:00 pm at a 24 hours restaurant.</em>
<em>3. Monthly electricity consumption is less elastic than yearly electricity consumption.</em>
<em>4. The wall street journal is more elastic than wall street journal at the airport.</em>
<em>5. Red cars are less elastic than all cars.</em>
Explanation:
1. Emergency surgery is a necessity and if there is necessity the demand will be inelastic.
2. At 7 pm there are more restaurant open so there will be more offer than 2 am, so if there is more offer the demand is more elastic.
3. Monthly electricity consumption is less elastic because, electricity tend to increase in long run because consumer have more time to adjust their behavior.
4. To buy wall street journal there are few places and less time in the airport than in other places to buy so demand will be less elastic.
5. If there are few substitute only red cars demand will tend to be inelastic. on the contrary, if there are more substitutes (any color car), the demand for the good will be elastic and its consumption can be replaced.
Risk is the possibility of not getting expected result of something. So there is risk for everything. So without getting risk you can do nothing. But there are some ways to reduce the risk.
01. Take the risk.
This is most suitable for the people who love risk. This is the option with highest risk.
02. Manage risk
In this, risk taker calculate the possible risk and find ways to reduce that risk. When you managing your risk, you should have to measure possible risk in the future.
03. Shifting risk
This option is the way that mostly use in currently. By shifting your risk, you shift your risk to another party like 'Insurance Company'. Than if the risk is happened the other party will take that risk for you. But there is some cost. So before shifting that risk you should know that risk is more worth than the cost.
04.Avoid risk
Like I mentioned before there is nothing without risk. But there is only one way to fully avoid the risk. That is not doing the thing that give you the risk. That is the only way.
So, those are ways of handling the risk. As mentioned in the equation don't ever risk more than you can handle unless that risk is more worth than that. Because that risk could give you opportunities that you cannot ever get in your life. But you can mange that risk.
So, what is your opinion? What is the best way of handling the risk? <span />
Answer:
Explanation:
a. At the end of the period, bad debt expense is estimated to be $15,000.
b. During the period, bad debts are written off in the amount of $9,500.
Assets = Liabilities + Stockholder's Equity
a.
Retained Earning -$15,000
Account Receivable -$15,000
b.
Allowance for Doubtful Account -$9,500
Account Receivable -$9,500
(Allowance for Doubtful Account is a contra account to account receivable decrease in this account will ultimately increase the assets value.
Answer: The infection was transmitted though the tools the manicurist used on her. They we not new, or even cleaned. The form of transmission was indirect. This is because the person that had the flu was not in direct or physical contact with her. The manicurist could have stopped the spread of infection by simply cleaning the tools. Nadine could have prevented the spread of infection by asking for new tools to be used.
Explanation:
Answer: D.
Explanation:
For the supply to shift left, there must be a major development in the supply chain that will affect supply enough to decrease it for every price supplied.
Looking at the answers:
A. an increase in technology: this would not cause supply to be more expensive.
B. a decrease in the cost of a substitute would decrease demand, not supply.
C. an increase in consumer income levels would increase demand, as more consumers would be demanding more of the produce or service.
D. an increase in the cost of inputs for widgets would DECREASE supply, as the production of widgets is made more expensive at the same cost.
D is the correct answer.