Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 15, 2024

Nicole decides that paying a $150 a month premium for car insurance is worth it because she will be sharing her liability with the insurance

Nicole decides that paying a $150 a month premium for car insurance is worth it because she will be sharing her liability with the insurance company this is an example of making a rational decision because?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The decision made by Nicole to pay a 150 monthly premium for car insurance can be considered a ratio... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

15th edition

978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689

More Books

Students also viewed these Economics questions

Question

★★★★★

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Answered: 1 week ago

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

The chapter vignette on page 350 highlights the fraud at Koss Corporation where the principal accounting officer, Sujata (Sue) Sachdeva, embezzled approximately $31 million over 5 years to fund her...

Answered: 1 week ago

Question

★★★★★

If a= <1,0,1>, b= <2,1,-1>, and c= <0,1,3>, show that aX(bXc) is not equal (aXb)Xc.

Answered: 1 week ago

Question

★★★★★

(a) If you were going to build a system to check the effectiveness of automobile catalytic converters on cars, what substances would you want to look for in the car exhaust? (b) Automobile catalytic...

Answered: 1 week ago

Question

★★★★★

6-31. Define neutralization. How is it related to the fraud triangle?

Answered: 1 week ago

Question

★★★★★

Name and define the three A's of a machine learning projects and the two categories within each.

Answered: 1 week ago

Question

★★★★★

The following data were accumulated for use in reconciling the bank account of Spectrum Co. for July: a. Cash balance according to the company's records at July 31, $8,346.50. b. Cash balance...

Answered: 1 week ago

Question

★★★★★

It is currently November 1, 2020 and Krafty Kitchen Supply Corporation, a merchandising entity, is preparing a cash budget for the first two months of 2021. The following data have been forecasted:...

Answered: 1 week ago

Question

★★★★★

Complete the following tasks using the templates provided in FNSACC421_AT2_TMP_v1 and the information and data provided in Appendix A for Golden Steer, including their procedural guidelines. Enter...

Answered: 1 week ago

Question

★★★★★

4 or 5 reasons for why need to focus on digital marketing Little of pandemic and how it changed the market Success stories of various companies/ business in the world and how they are doing now...

Answered: 1 week ago

Question

★★★★★

Suppose there is sudden increase in preference of chocolates. But the cost of production rises due to rise in the price of milk. Use a demand supply model, to determine what happens to the...

Answered: 1 week ago

Question

★★★★★

Which of the following does NOT illustrate how deviant behavior can impact a company? Employees don't feel safe. The company could face a lawsuit. The company's workforce is unaffected. It may limit...

Answered: 1 week ago

Question

★★★★★

In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is...

Answered: 1 week ago

Question

★★★★★

What's a common phrase heard from teams that are experiencing some level of groupthink? "Everyone needs to listen to the scrum master." "Nobody likes a naysayer." "We all agree, so we must be right."...

Answered: 1 week ago

Question

★★★★★

Davis Manufacturing Company had the following data for a recent year: January 1 December 31 Accounts receivable $27,000 $33,000 Materials inventory 22,500 6,000 Work in process inventory 70,200...

Answered: 1 week ago

Question

★★★★★

Which one of the following statements is FALSE about arrays? ( We assume array indexes start at 1 ) . a . The 1 0 th element of an array testing, can be referred to as testing [ 1 0 ] . b . If we...

Answered: 1 week ago

Question

★★★★★

Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...

Answered: 1 week ago

Question

★★★★★

The following information was obtained from several accounting and auditing enforcement releases issued by the Securities and Exchange Commission (SEC) after its investigation of fraudulent financial...

Answered: 1 week ago

Question

★★★★★

What are the six core ethical values described by the Josephson Institute? What are some other sources of ethical values? Discuss.

Answered: 1 week ago

Question

★★★★★

Ann Donnelly is a senior audit manager in an East Coast office of a public accounting firm. Her prospects for promotion to partner are excellent if she continues to perform at the same high-quality...

Answered: 1 week ago

Question

★★★★★

9.57. The statistician George Box, who had an illustrious academic career at the University of Wisconsin, is often quoted as saying, "All models arc wrong, but some models are useful." Why do you...

Answered: 1 week ago

Question

★★★★★

9.46. Describe a situation in which it is inappropriate to use the correlation to measure the association between two quantitative variables.

Answered: 1 week ago

Question

★★★★★

9.40. Refer to Table 9.1 (page 256), available in the "statewide crime 2" data set at the text Web site. Pose a research question about the relationship between the murder rate and the percentage of...

Answered: 1 week ago

Previous Question Next Question