Answer: people tend to take more risks if they do not have to bear the costs of their behavior
Explanation:
Moral hazard is a form of reckless behavior by an individual who doesn't directly bear the cost of the reckless behavior.
Moral hazard takes several forms like the examples of : polluting waters with chemicals, throwing refuse into drainage, mismanagement of public amenities.
Answer:40% or $360,000
Explanation: I'm pretty sure that the twins would get 60% which adds up to $540,000. which leaves the case that the third granddaughter would receive the rest which would be $360,000. AKA 40%
Answer:
31.8%
Explanation:
Simulation is imitation of a situation that represents its operations overtime. Simulation is used for performance tuning. The use of simulation in business is gaining significance. Simulation is used to analyze current situation and predict future. Strassel is using 1000 trials for a bid of $135,000. The estimated probability that Strassel will get the property at a bid of $135,000 is 31.8%.
Answer: Option D
Explanation: Under the first in first out method, the inventories are sold on the basis of the time period they were purchased, that is, the inventory that was bought down the earlier will be sold first.
Hence when the price keeps rising for an inventory, units which were earlier purchased would automatically be less costly than those which were purchased in latest.
Also the goods that were latest purchased will remain in the inventory leading to increase in the value of inventory.
A medium-sized hardware manufacturer wants to become deeply involved in exporting, but it does not yet wish to actually manufacture any of its products overseas. The hardware manufacturer should establish it's own sales offices in foreign countries.
Explanation:
By establishing its own sales offices in foriegn countries, the benefits which come through are :
Expanding Brand Recognition : By opening a branch in a new country, a company has the opportunity to expand the reach of their brand.
- More Cost-Effective Production and Manufacturing : There are advantages to setting up a foreign subsidiary in another country where there may be a cost-effective manufacturing and production industry
- Access to Technical Skills / Regional Knowledge : Some foreign countries have greater access to advanced technology and are more adept with technical skills.
- Customer Service Centers : Multinational companies with established international customers may need to open a foreign branch office for customer service reasons, and will look for a business friendly location for that purpose.
- Part of a Global Expansion Plan : Some countries serve as an excellent base, enabling the foreign company to expand into the region.
