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An $800,000 property has 1/10 of 1 percent chance of catching fire that will cause damages of $100,000, and 1/20 of 1 percent chance of catching fire that will completely destroy the property. Management decided to insure the property and it is reviewing two possible insurance policies:
1.) A policy with $50,000 deductible: that is, the insurance company covers all damages except the initial $50,000. The annual premium for such a policy is $750.
2.) A no-deduction (fully paid) policy with an annual premium of $1,000.
If the company's objective is cost minimization, which policy should it purchase?
Determine if each of the following economic statements is correct or incorrect and explain your answers. (a) Increasing energy cost incurred in production will push up the implicit cost of running a business.
A few years ago, a friend of yours started a small business that develops gaming software. The company is doing well, and is valued at $1.5 million based on multiples for comparable public companies, after adjustments for their lack of marketabili..
Utilizing the concepts learned throughout the course, write a Final Paper on one of the following scenarios:Option One: You are a consultant with 10 years experience in the health care insurance industry. A group of 20 doctors is considering formin..
What is the difference between Direct Inward Investment and Foreign Direct Investment? I could't find the definition of Direct Inward Investment.
Read the "Beck Manufacturing" case study. In a three- to four-page paper, address the following: Calculate the capacity of each machine center and the capacity of the system
some companies use a performance measurement process based on an employee reviewing their own performance. the
Max Fitness would be a main competitor because they have two locations at the east & west end of Manhattan
Would you suspend both organizations' pursuit of a new system until an IT strategic plan for the merged organization has been developed? Why?
What is it about Richard Nathan Haass's leadership that clearly suggests that he is engaged in transformational leadership?
Did the entrepreneur write a business plan?
Housing Starts after suffering their worst collapse in decades appear to have bottomed out five years ago and once again are recovering.
A domestic water supply has recorded an average concentration of 1,2 dichlorobenzene of 5.0 micrograms per liter. Determine the intake for a 200-pound adult who consumes 2.0 gallons of water per day over a 30-year period.
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