Refer to Scenario 5.1. The probabilities discussed in the information above are
A) objective because they are single numbers rather than ranges.
B) objective because they have been explicitly articulated by the individuals involved.
C) objective because the event hasn't happened yet.
D) subjective because the event hasn't happened yet.
E) subjective because they are estimates made by individuals based upon personal judgment or experience.
E
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The key to diversification is that the risks should be:
A. positively correlated. B. uncorrelated. C. negatively correlated. D. easy to reduce.
Which of the following are complementary resources?
a. margarine and butter used in baking b. sugar and honey used in cereals c. a teacher and a chalkboard d. rye and wheat bread used in a sandwich shop e. a typewriter and a personal computer used in an office
If the velocity of the M1 money supply is 4 and nominal GDP is $200 billion, the stock of money in circulation must be:
a. $25 billion. b. $50 billion. c. $100 billion. d. $800 billion.
Branding:
A. promises the differences in products are completely perceived and not real. B. can be a barrier to entry. C. guarantees high-quality products. D. All of these statements are true.