Explain the psychology behind accepting risk.
Question:
Explain the psychology behind accepting risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Many people opt to accept risk rather than pay for insurance because they do not feel ...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If accepting risk is part of being an entrepreneur or running a business, should the government, taxpayers, or any other entity ever bail out a company that took risks and failed? Explain your answer.
-
Explain the interrelationships between economics, psychology, marketing, and consumer behavior.
-
Alder plc is considering four projects, for which the cash flows have been calculated as follows: The appropriate rate of discount is judged to be 10 per cent for risk-free projects. Accepting one of...
-
Question 13 Case Study - Little Pear Administration Pty Ltd (LPA) You are the payroll officer for Little Pear Administration Pty Ltd (LPA). Debra Foy is a company employee and has approached you with...
-
Let f(x) = cos(In x). (a) Find the absolute extreme points on [0.1, 20]. (b) Find the absolute extreme points on [0.01,20]. (c) Evaluate 20 cos(In x) dx.
-
Fidelity Savings & Loans (FS&L) operates several banking facilities throughout the Southeastern United States. The officers of FS&L want to analyze the efficiency of the various branch offices using...
-
Police in Albemarle County, Virginia, were on the lookout for a stolen orange and black motorcycle that had eluded them in two previous traffic incidents. Officer David Rhodes drove past the home of...
-
In 1987, Herman Moore Company completed the construction of a building at a cost of $2,000,000 and first occupied it in January 1988. It was estimated that the building will have a useful life of 40...
-
2. The benefits of financial planning Aa Aa Why Engage in Personal Financial Planning? Many people mistakenly believe that personal financial planning is an activity appropriate for only the wealthy;...
-
State with reason whether the following statements are true, false, or uncertain: a. Despite perfect multicollinearity, OLS estimators are BLUE. b. In cases of high multicollinearity, it is not...
-
What is risk management? Describe the four risk management alternatives.
-
Describe the costs and benefits of obtaining insurance.
-
1. a. Write an expression for the area of the largest rectangle in two different ways. 5x 3r2
-
Hyclo Ltd is an underwater ship hull cleaning company. The management is concerned about the firm's management of working capital. a) The average collection period and average payment period are 41.5...
-
On January 1, Parson Freight Company issues 7.0%, 10-year bonds with a par value of $3,500,000. The bonds pay interest semiannually. The market rate of interest is 8.0% and the bond selling price was...
-
Hide Folder Information Research Report Choose a company to make a recommendation to. This company can be any actual existing company, but should not be a fictional one. It must be real because...
-
Sully Corp. currently has an EPS of $2.24, and the benchmark PE ratio for the company is 22. Earnings are expected to grow at 8 percent per year. What is your estimate of the current stock price? (Do...
-
4 Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division Q Sales $ 541,000 $ 173,000 $ 368,000 Variable...
-
If the Blooper project from Problem 16 operates at accounting break-even, will net present value be positive or negative?
-
Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A. b. Company B. c. Company C. d. CompanyD. 20X1 20X2 Credit Sales Average Receivables Balance $1.0...
-
Identify, explain, or elaborate upon the following items: a. Functions of the IRS b. Automatic extension of time for filing c. Statutes of limitations d. Assistance in tax-return preparation e....
-
What is the personal exemption and how does it differ from the standard deduction?
-
How can an IRA affect your tax liability?
-
July August September October November December Total Average 350 450 460 390 390 360 4,960 413 3,020 3,500 4,020 3,290 3,170 3,070 $ 43,571 $ 3,631 PR 6-38 (Algo) Part 4 Compute the variable cost...
-
Discuss the main distinguishing features of majority, concurring, and dissenting opinions
-
On September 3, 2023, Wilkins purchased 1244 stock in Brass Corporation for $6,000. On December 31, 2023, the stock was worth $8,500. On August 15, 2024, Wilkins was notified that a. 2023-$0;...
Study smarter with the SolutionInn App