Answer:
I should not accept the bet; the precise level of risk aversion does matter.
Explanation:
Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.
Yes, there are many savings accounts you can't touch for a period of time
Answer:
D. Flexible budgeting is the correct answer.
Explanation:
Flexible budgeting is the budget plan that changes as per the company's requirement.
The advantages Flexible budgeting are:
- It assists the management of the organization to decide about the business situation and production level.
- It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
Answer:
judgment sampling.
Explanation:
Judgementbsampling is also called expert sampling is a type of sampling that is based on the assumptions made by an expert. The feedback from this type of sampling tends to be biased.
This is a subjective method of sampling that relies on the researcher's personal judgement in choosing sample from the population.
In this instance the professor chooses only marketing majors as his sample to get feedback on his new textbook. His personal beliefs is that this sample will represent the student population in the United States.
This is however not objective as all the sample members are marketing majors.
Natural monopolies <span>benefit from large economies of scale, in which the costs of goods decrease as output increases.
</span>A natural monopoly<span> is a distinct type of </span>monopoly<span> that may arise when there are extremely high fixed costs of distribution, such as exist when large-scale infrastructure is required to ensure supply.</span>
