The total demand for many business goods and services is only minimally affected by price changes. Thus, this demand is ________
A) derived
B) fluctuating
C) accelerated
D) multiple
E) inelastic
E
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________ is a dispute resolution process whereby parties submit their disagreements to a private individual decision maker they have agreed on or to a panel of decision makers whose selection has been provided for in the contract the parties signed
A) Prosecution B) Mediation C) Litigation D) Arbitration
Robert Weed is considering purchasing life insurance. He must pay a $180 premium for a $100,000 life insurance policy. If he dies this year, his beneficiary will receive $100,000
If he does not die this year, the insurance company pays nothing and Robert must consider paying another premium next year. Based on actuarial tables, there is a 0.001 probability that Robert will die this year. If Robert wishes to maximize his EMV, he would not buy the policy if the EMV were negative for him. He has determined that the EMV is, negative for him, but decides to purchase the insurance anyway. Why? A) He believes that the actual likelihood of his death occurring in the next twelve months is really much greater than the actuarial estimate. B) While the EMV is negative, the utility gained from purchasing the insurance is positive, and high. C) Mr. Weed is not rational. D) A or C E) None of the above
In deciding if a no-load mutual fund is a good investment for you, you should carefully consider all of the following except
A) the fund's investment objective. B) the fund's previous managers. C) the fund's investment strategy. D) your risk tolerance level.
Strategic managers tend to use information that is more current than information used by middle managers
Indicate whether the statement is true or false