Which of the following is a noneconomic cost associated with premature death?

A) reduction in the standard of living
B) loss of a parental role model
C) additional expenses, such as uninsured medical bills
D) loss of the deceased breadwinner's future earnings


Answer: B

Business

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With the Five Forces Model, companies should watch the forces in the market. If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

Answer the following statement true (T) or false (F)

Business

Jefferson Anderson is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets. What are some disadvantages of organizing as a corporate entity?

What will be an ideal response?

Business

In recent years Occupational Safety and Health Administration (OSHA) has stepped down its enforcement activities.

Answer the following statement true (T) or false (F)

Business

______ are high-volume product processes that typically produce standardized products and require identical or similar operations.

a. Line processes b. Intermittent processes c. Machine processes d. Outlier processes

Business