Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.
IBM developed the first commercially successful computer
Answer:
Bob can pay to support his local public radio station, which depends on donations to be as effective as possible. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.
Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64
Explanation:
Free riding is a form of market failure where a person who benefits from a good or service doesn't pay for it.
Bob enjoys the radio but doesn't support it and Jim doesn't participate in the group project but expects to earn a good grade; these are examples of free riding.
Karl doesn't benefit from the street light and doesn't pay; hence, he is not free riding.
I hope my answer helps you.
Answer:
Acceptance of solutions is an asset for groups and teams.
Explanation:
Team is a group of individuals who work for same goals and are linked in together for common purpose.Team management is often very challenging job for the organization . Teams are usually used to simplify a complex task and complete the work under the given time scale and satisfying all conditions and parameters.
If you earn a straight pay, you will be payed for each hour on the job.
