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- Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choicesA ________ plan puts the onus of decision making and investment risk on the employee. A. Defined contribution B. Defined benefitsGenerally speaking, the _________ the risk in a job, the _________ workers’ compensation insurance will cost. Select one: a. None of these is correct b. lower; more c. higher; less d. lower; less
- Which of the following is not related to Opportunity costs? None of the choices O Rental Income given up when you live in a house you own. Salary given up to start a business O fixed costs to be incurred when you accept a special request from an existing client.Can a short-term goal also be a long-term goal? Where is the division, and why is it important for an employee to understand whether the goal is short or long term?Traditional defined benefit plans are better suited than cash-balance plans for a mobile workforce. Group of answer choices a. True b. False
- Which of the following does not represent a reason to map a Career Path? A Avoid taking jobs that get you nowhere B Strive for a better paycheck C Identify gaps in knowledge and skills D Bounce back quicker from career setbacksWhich of the following is the process of deciding on the schemes of financial incentives in addition to regular payment of wages and salary? O a. Bonus O b. Salary O c. Job evaluation O d. IncentivesWhich of these stakeholders have a safe working environment, security of employment and a stable income as examples of their key interests? O tockholder Customers Shareholders O Employees
- Consider an individual facing the prospect of having high income, YH > 0, with probability 7 and low income, YL, with probability 1 – T, YH > YL. Prior to learning whether realized income is high or low, the individual is able to go into the market and purchase (or sell) two types of assets. Let the Asset 1 have a return structure such that it pays R1.H units of goods if y = YH and pays R1,L units of goods if y = YL. Similarly, let Asset 2 have a return structure such that it pays R2.H units of goods if y = YH and pays R2,L units of goods if y to spend in the asset market but this wealth is not storable and hence cannot be save to purchase consumption goods. Denote by a1 the amount of Asset 1 purchased by the individual and az the amount of Asset 2 purchased by the individual. The individual's problem is to maximize the expected utility from consumption sub- ject to the constraints that consumption must be financed out of income and the realized return from the asset portfolio as well…Activity 2 Instructions: Application of opportunity cost and variations of benefit and cost. 1. What are the opportunity costs of a student who decide to study college? 2. Show how cost-benefit analysis can be used in explaining the family size among poor households.The concept of work ethics is about application of moral and ethical standards Choose correct answer a. to family situations b. to different work situations c. to none of the options d. to non-work type situation