True. <span>The intangible value of an asset is not relevant to managing risks because there is no way to quantify its value in terms of monetary value during a risk assessment. During a risk assessment it is difficult to </span>quantify then intangible value of a product. Because there isn't much purchase data on something that is intangible, the only way to know is through surveying to see what the consumer believes they "took out" of using that product.
Answer:
4.20 and normal good
Explanation:
The computation of the income elasticity of demand is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in income ÷ average of quantity income)
where,
Change in income would be
= Q2 - Q1
= 109,500 - 102,300
= 7,200
And, average of income would be
= (109,500 + 102,300) ÷ 2
= 105,900
Change in quantity demanded would be
= 4 - 3
= 1
And, average of quantity demanded would be
= ($4 + 3) ÷ 2
= 3.5
So, after solving this, the income elasticity of demand is 4.20
Since the elasticity comes in positive which means the good is a normal goods
Tariffs, non-tariffs, import quotas and voluntary export restraints
Answer:
B. False
Explanation:
The concept of limited liability means that an investor's liability for the debt of the company in time of liquidation is limited to the amount paid for the shares he subscribed for in the corporation or where they are not fully paid, to the unpaid portion of his shareholdings, This means the highest a shareholder can lose in a limited liability corporation in time of liquidation is the monetary value of the share he has in the firm.
In line with the above, it means that Ron is not personally liable to five percent of the financial obligations of the corporation but only the monetary value of the share he has bought and if they are not fully paid yet, he will only the unpaid portion.
In a normal distribution, 34.1% of all value lie between the mean and 1 standard deviation above the mean. Which mean 34.1% of all barns can be constructed between 32 and 34 hours.