Om is a college student at FSU. He has the option to buy a parking pass at the beginning of the year for $250. If Tom doesn't buy the pass, he has to park on the street or pay the valet parking service $5 per day. If Tom does not buy the parking pass, he expects to have to use the valet parking services 40 times. However, he may end up using the valet service up to 80 times. Tom decides that he would rather pay the $250 than risk not being able to find a spot on the street. Tom could be described as which of the following:
risk averse
risk neutral
risk seeking
risk conscious
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Om is a college student at FSU. He has the option to buy a parking pass at the beginning of the year for $250. If Tom doesn't buy the pass, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In contrast to a real-time system, in a batch processing system a. relatively more resources are required b. there is a lag between the time when the economic event occurs and the financial records are updated c.
Answers (1)
Net exports of goods and services is defined as equal to? a. the value of exports of goods and services minus the value of imports of goods and services. b. U. S. sales of goods and services to the rest of the world plus U. S.
Answers (1)
This occurs when income taxes are assessed at the same rate for every wage earner. a. excise tax c. progressive tax b. regressive tax d. proportional tax
Answers (1)
Jack and Jill are married. This year Jack earned $72,000 and Jill earned $80,000 and they received $4,000 of interest income from a joint savings account.
Answers (1)
Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. Thecompany's selling and administrative expenses are $300,000 variable and $360,000fixed. If the company's sales is $1,680,000, what is its contribution margin?
Answers (1)
New Questions in Business
Many people have argued that an income tax should be "marriage neutral," that is, two people should pay the same total tax whether they are married or they are single.
Answers (1)
Which company developed the first commercially successful computer? a. ibm b. apple c. amazon d. microsoft
Answers (1)
One of the best networking traits you can develop is
Answers (1)
The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000.
Answers (1)
Which of these is an example of a tax on consumption?
Answers (1)