It is sometimes said that, "Those who gamble the most are the ones who can least afford to lose." These people gamble because

A) the EMV is positive.
B) the EMV is negative.
C) the gambler has no family to consider if he/she dies.
D) there is utility other than monetary to consider.
E) None of the above


D

Business

You might also like to view...

Which one of the following would not be found as an asset on the balance sheet of a manufacturer?

a. finished goods b. work in process c. merchandise inventory d. raw materials

Business

Brazilian Carlos Ghosn is chief executive of:

A) Nissan Motor (Japan). B) Pearson PLC (Great Britain). C) Ford Motor Company (USA). D) Pharmacia Corporation (USA). E) Atlas Copco AB (Sweden).

Business

________ is a cross-sectional design in which there are two or more samples of respondents and information is obtained from each sample only once

A) Multiple cross-sectional design B) Single cross-sectional design C) Cohort analysis D) None of the above

Business

Build-It ConstructionCompany contracts with Classic Beverage Corporation to build Classic Beverage's corporate headquarters.Build-It Construction contracts with Dependable Tools & MaterialsInc for construction supplies but refuses to pick up the order

Meanwhile, Classic Beverage hires Elmo, a certified public accountant, to work in its cost-accounting division as an employee, with no authority to hire or supervise others. Elmoasks Fayette, an outside experienced accountant, to advise him on certain accounting procedures but fails to pay Fayettefor the service. Classic Beverage also contracts with Gloria, a salesperson, to solicit orders for its products in a designated territory. Gloriaobtains an order from Highpoint Concessions, Inc, which is assured the order will be filled soon. But Gloriadoes not follow through with the paperwork and fails to submit the order to Classic Beverage. Highpoint Concessionssuffers a loss. Dependable Tools, Fayette, and Highpoint Concessionsclaim Classic Beverage is liable under agency law. Discuss fully whether an agency relationship was created by Classic Beverage with Build-It Construction, Elmo, or Gloria.

Business