Answer:
Choose CareCo.
Explanation:
Given : CareCo offers a generous health insurance package to all employees. ApathyInc pays slightly higher wages than CareCo, but does not offer health insurance.
A person who is unhealthy & expects to have high healthcare expenses : would have issues having direct health insurance from an insurer, based on high risk evaluation. Even if by chance, he/ she gets, it will be at extremely high price i.e premium rates & is likely to have less coverage. So, the person rationally would prefer to protect himself / herself from this huge health expenditure risk, & would protect self & family from catastrophic health costs. He / she would do so by choosing to work for Care Co, which gives generous health insurance to all its employees, by sacrifising higher salary by Apathy giving no health insurance. He/ she is logical as the wage differential is likely to be less than catastrophic health costs
Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.
Answer:
The correct answer is c. Calibrate risks
.
Explanation:
Risk management is the process of planning, organization, management and control of the human and material resources of an organization, in order to minimize or exploit the risks and uncertainties of the organization.
Uncertainties represent risks and opportunities with the potential to destroy or create value. The company's risk management allows managers to effectively address uncertainties as well as the risks and opportunities associated with them, in order to improve the ability to generate value.
Value is maximized when the organization establishes strategies and objectives to achieve the ideal balance between growth objectives, return on investment and the risks associated with them, and to explore its resources effectively and efficiently in achieving the organization's objectives. .
An increase in US. Interest rates relative to German interest rates would likely reduce the u. S. Demand for euros and increase the supply of euros for sale.
<h3>What is the impact of an increase in interest rate on a country's currency?</h3>
When the interest rate of a country's currency increases, the value of that currency increases. As a result, there would be an increase in the demand for that currency relative to other currencies.
When the US interest rates increase relative to that of Germany, the value of the dollar would increase. This would lead to an increase in the demand for the dollar and a decrease in demand for the euros.
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Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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