An individual is on the game show Squeal or No Squeal, and she has a choice between receiving a certain gain of $100,000 and receiving a 50% chance of winning $200,000 or zero. If she takes the gamble instead of the certain $100,000, she is acting ____________________.
A. like a person who is risk-neutral
B. like a person who is risk averse
C. like a person who is a risk lover
D. irrationally
C. like a person who is a risk lover
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Administrative controls
a. are concerned with efficient operations and adherence to managerial policies. b. are concerned with the reliability of the financial statements. c. are the responsibility of the company's auditors. d. are concerned primarily with safeguarding assets.
Mary has already won her case at the U.S. Court of Appeals. When the case is reviewed by the Supreme Court, only eight judges are present. Four of the judges vote for Mary while the other four vote against her
Which of the following will be the result of this case? A) The case will be sent to the U.S. Court of Appeals for a review. B) Mary will win the case as she had already won at the U.S. Court of Appeals. C) The case will be reviewed again by the U.S. Supreme Court when all the judges are present. D) Mary will win and the case will set a precedent for later cases.
Supervisors or managerial employees, acting in the course of their employment, are generally:
a. acting under the coercion of the employer. b. held to be agents of the employer. c. not accountable for their actions. d. independent and their actions are not representative of the employer.
Calculate answers for the following scenarios if retailer markups are based on their selling price: a)A retailer sells a set of measuring cups for $2.50 after adding $.50 to the original cost. What is the markup percentage? b)The cost of a food blender for the retailer is $40 and the retailer applies a markup of $60. What is the retail markup percentage? c)A retailer marks up all products by 20 percent. If a set of glasses costs the retailer $10, what will the final selling price be? d)A retailer marks up all products by 75 percent. If the selling price of a set of plastic bowls is $4, what was the cost to the retailer?
What will be an ideal response?