A risk avoider is a person for whom the utility of an outcome
A) decreases as the monetary value increases.
B) stays the same as monetary value increases.
C) increases at an increasing rate as the monetary value increases.
D) increases at a decreasing rate as monetary value increases.
E) None of the above
D
You might also like to view...
On December 1, 2016, Old Car Co borrowed money at the bank by signing a 90-day non-interest-bearing note for $24,000 that was discounted at 8%. Which of the following entries is correct?
A) March 1, 2017Note Payable 23,520Cash 23,520 B) December 31, 2016Interest Expense 160Interest Payable 160 C) December 1, 2016Cash 24,000Note Payable 24,000 D) December 31, 2016Interest Expense 160Discount on Notes Payable 160
The portion of long-term debt due within one year should:
A) be classified as a long-term liability. B) not be separated from the long-term portion of debt. C) be paid immediately. D) be reclassified as a current liability.
All communication should be consistent in fact, treatment, and _____
Fill in the blank(s) with correct word
Which of the following statements is true of bailments?
A) The person who transfers possession of personal property to another is the bailee. B) If the bailment is for the mutual benefit of both parties, the bailee is liable for damage to the property caused by the bailee's gross negligence. C) If the bailment is for the mutual benefit of both parties, then both the bailor and the bailee share responsibility for the damages due to negligence. D) The parties to a contract cannot limit the liability of the bailee.