The purchase of insurance and lottery tickets shows that people make decisions based on
a. expected value.
b. sample information.
c. utility.
d. maximum likelihood.
c
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Which of the following factors has contributed to the increased popularity of global domestics?
a. an increase in cross-cultural engagement b. a decreased emphasis on American cultural context c. the increased availability of virtual communication technology d. an increase in universalism
Return on assets is a combination of the profit margin and the asset turnover
Indicate whether the statement is true or false
Which of the following statements by a U.S. president best reflects a micro view of marketing?
A. "Tourism firms should advertise more to attract more international visitors." B. "Next year my administration will spend 75 percent more on domestic security." C. "With interest rates low, many young people can now afford to buy a new home." D. "In the U.S. we have a better choice of products than in any other country." E. "A tax cut will give consumers more spending money."
Life annuity payments are made up of all of the following EXCEPT
A) return of premiums. B) interest earnings. C) unliquidated principal of annuitants who live too long. D) unliquidated principal of annuitants who die early.