The target population should be defined in terms of all of the following EXCEPT:
A) elements.
B) cost.
C) sampling units.
D) time frame.
E) extent.

Answers

Answer 1

The target population should be defined in terms of all of the following EXCEPT cost. The answer is B)  

The target population should be defined in terms of elements, sampling units, time frame, and extent. Defining the target population is an important step in conducting research and surveys.

The elements refer to the specific characteristics or attributes that the population possesses, while sampling units refer to the individual units or groups that will be sampled from the population. The time frame refers to the specific period during which the data will be collected, and the extent refers to the geographical area covered by the study.

Cost, on the other hand, is a factor that is considered during the sampling design stage and is related to the budget available for the research. The cost can influence the sample size, the sampling method used, and the level of accuracy of the results. However, it is not a factor used in defining the target population. Hence, the answer is B)

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Related Questions

c. suppose a single buyer enters and takes over control of the industry. what is the monopsony equilibrium level of employment and wage?

Answers

The market labour supply curve determines the equilibrium market wage rate. The company will have to pay a $20 wage to hire 3 employees. As a result, the equilibrium wage is $20 and there are 3 hired workers.

The point where labour supply and demand converge is the equilibrium market wage rate. Up until the moment where the additional expense of hiring an employee equals the additional sales revenue from selling their output, employees are recruited. Any point where supply and demand converge in a market with perfect competition can serve as an illustration of the equilibrium wage. In a competitive market, supply and demand decide wages. A rise in supply or a fall in demand will raise the equilibrium wage. The equilibrium wage will decline if supply or demand fluctuates. When wages are high, workers prefer to work, and employers prefer to hire when wages are low. The salary and employment levels that are observed in the labour market are determined by labour market equilibrium, which "balances out" the competing desires of employers and workers.

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in rokeach’s model of values, terminal values serve as a guide for telling individuals what they would like to attain; instrumental values tell them how to get there.truefalse

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True, in rokeach’s model of values, terminal values serve as a guide for telling individuals what they would like to attain; instrumental values tell them how to get there.

Terminal values are the end-states that an individual aspires to with great fervour, such as "a pleasant life," "freedom," or "salvation." The terminal values of each person's values complex vary from one another. The ultimate, ideally-wished-for states of existence are known as terminal values. Security for the family, liberty, and equality are a few examples of terminal ideals. Being sincere, autonomous, intelligent, and logical are a few examples of instrumental values. Having success or developing one's profession are examples of terminal ideals that people strive to reach in life. Goals are achieved using instrumental values. Aim, honesty, self-sufficiency, and bravery are examples of instrumental virtues.

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How do any of these life decision problems

How do any of these life decision problems

Answers

Answer:

baseially you are putting in a person is affecting your life. you come up with a solution. write a postive way to solve it then right a negavitve way to solve it.  then write when you are going to solve  your problem. then the steps that are needed.

Airbnb has run a linear regression to attempt to predict demand for vacation rentals in the Palm Springs area. Q is square footage of rental space per month, p is the average price of Airbnb rental per square foot, pc is average price of non-Airbnb rental space per square foot, and I is the average monthly income of vacation renters. The regression results are summarized by the predicted equation
Q = 100 – 10p + 9pc + (.01)I.
Currently, p = pc = $10 and I = $8500. Use these numbers for the questions below and round to two decimal places.
a. Airbnb's own point price elasticity of demand is ?
b. Using your point elasticity from question a as your only estimate, the effect on revenue of a 2% increase in own price is ?
c. Compute the income elasticity of demand for Airbnb. Using this alone, the % effect on revenue of a 10% increase in income is ?
d. Compute the cross price elasticity of demand for Airbnb. Using this and your answer to question b above, the % effect on revenue of a 2% decrease in p and a 2% decrease in pc is

Answers

a) approximately -1.33. b) approximately 2.66%. c) approximate 113.3% increase in revenue. d) approximately 4.8%.

To answer these questions, we will use the predicted equation given:

Q = 100 – 10p + 9pc + 0.01I

where Q represents the square footage of rental space per month, p represents the average price of Airbnb rental per square foot, pc represents the average price of non-Airbnb rental space per square foot, and I represents the average monthly income of vacation renters.

a. Airbnb's own point price elasticity of demand can be calculated using the formula:

E = (dQ/dp) * (p/Q)

Taking the derivative of the predicted equation with respect to p, we have:

dQ/dp = -10

Substituting the given values, p = $10 and Q = 100 – 10p + 9pc + 0.01I, we can calculate the own point price elasticity of demand:

E = (-10) * (10 / Q)

Substituting Q = 100 – 10p + 9pc + 0.01I, we get:

E = (-10) * (10 / (100 – 10p + 9pc + 0.01I))

Plugging in the given values, we have:

E = (-10) * (10 / (100 – 10(10) + 9(10) + 0.01(8500)))

E = (-10) * (10 / (100 – 100 + 90 + 85))

E = (-10) * (10 / 75)

E ≈ -1.33

b. To calculate the effect on revenue of a 2% increase in own price, we need to consider the price elasticity of demand. Given the own point price elasticity of demand from question a as -1.33, we can use the formula:

% change in revenue = % change in price * own price elasticity of demand

Given a 2% increase in own price, the % change in price would be 2%. Plugging in the values, we have:

% change in revenue = 2% * (-1.33)

% change in revenue = -2.66%

c. The income elasticity of demand for Airbnb can be calculated using the formula:

E = (dQ/dI) * (I/Q)

Taking the derivative of the predicted equation with respect to I, we have:

dQ/dI = 0.01

Substituting the given values, I = $8500 and Q = 100 – 10p + 9pc + 0.01I, we can calculate the income elasticity of demand:

E = (0.01) * (8500 / Q)

Substituting Q = 100 – 10p + 9pc + 0.01I, we get:

E = (0.01) * (8500 / (100 – 10p + 9pc + 0.01(8500)))

Plugging in the given values, we have:

E = (0.01) * (8500 / (100 – 10(10) + 9(10) + 0.01(8500)))

E = (0.01) * (8500 / (100 – 100 + 90 + 85))

E = (0.01) * (8500 / 75)

E ≈ 11.33

Therefore, the income elasticity of demand for Airbnb is approximately 11.33.

To calculate the % effect on revenue of a

10% increase in income, we use the formula:

% change in revenue = % change in income * income elasticity of demand

Given a 10% increase in income, the % change in income would be 10%. Plugging in the values, we have:

% change in revenue = 10% * 11.33

% change in revenue = 113.3%

d. The cross price elasticity of demand for Airbnb can be calculated using the formula:

E = (dQ/dpc) * (pc/Q)

Taking the derivative of the predicted equation with respect to pc, we have:

dQ/dpc = 9

Substituting the given values, pc = $10 and Q = 100 – 10p + 9pc + 0.01I, we can calculate the cross price elasticity of demand:

E = (9) * (10 / Q)

Substituting Q = 100 – 10p + 9pc + 0.01I, we get:

E = (9) * (10 / (100 – 10p + 9pc + 0.01I))

Plugging in the given values, we have:

E = (9) * (10 / (100 – 10(10) + 9(10) + 0.01(8500)))

E = (9) * (10 / (100 – 100 + 90 + 85))

E = (9) * (10 / 75)

E = 1.2

Therefore, the cross price elasticity of demand for Airbnb is 1.2.

To calculate the % effect on revenue of a 2% decrease in p and a 2% decrease in pc, we need to consider the cross price elasticity and the own price elasticity of demand. From question b, we know that a 2% increase in own price resulted in a -2.66% change in revenue. We can use the cross price elasticity to estimate the effect of a decrease in p and pc.

% change in revenue = (% change in p + % change in pc) * cross price elasticity of demand

Given a 2% decrease in p and a 2% decrease in pc, the % change in p and pc would be -2%. Plugging in the values, we have:

% change in revenue = (-2% + -2%) * 1.2

% change in revenue = -4% * 1.2

% change in revenue = -4.8%

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If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more than average, what is the average annual income for persons holding bachelor’s degrees (round to the nearest thousand)?

Answers

Answer:

 $48,840.00  

Explanation:

If the average  income is $37,000  

A graduate expects to earn 32% above average.

The graduate will earn $37,000 +( 32% of $37,000)

=$37,000 +(32/100 + 37,000)

=$37,000 +  $11,840.00  

= $48,840.00                                                        

 

                           

Answer:

49000

Explanation:

(source) TRUST ME  

im being serious tho it is 49000

mary graham has worked as a real estate agent for piedmont properties for 15 years. her annual income is approximately $100,000 per year. mary is considering establishing her own real estate agency. she expects to generate revenues during the first year of $2 million. salaries paid to her employees are expected to total $1.50 million. operating expenses (e.g., rent, supplies, utility services) are expected to total $250,000. to begin the business, mary must borrow $300,000 from her bank at an interest rate of 15%. equipment will cost mary $50,000. at the end of one year, the value of this equipment will be $30,000, even though the depreciation expense for tax purposes is only $5,000 during the first year.

Answers

The pre-tax accounting profit is $170,000. The pre-tax economic profit is $55,000 and the actual depreciation is $20,000.

What does the accounting term depreciation mean?

A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.

Which assets are subject to depreciation?

Machines, automobiles, office buildings, buildings you rent out for revenue (both residential and commercial property), and other equipment, such as computers and other technologies, are all examples of depreciable property.

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Perhaps ahead of the times, __________ warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.

Answers

It should be noted that Perhaps ahead of the times, Talcott Parsons warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.

Who is Talcott Parsons?

Talcott Parsons can be regarded as American sociologist which was famous for structural functionalism.

He stressed about  the dangers of the coalescing interests of the top leaders of business, politics.

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The person who was the first to talk about the dangers of the coalescing interests of the top leaders of business, politics, and the military was:

Charles Wright Mills

Perhaps ahead of the times, Charles Wright Mills warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.

Charles Wright Mills.

This important American sociologist defined in his book "the power elite," how the coalescing interests of the top leaders of business, politics, and the military could bring politics that doesn't support the general people.

Mills urges academic people to be "public intelligence apparatus" to be the counterpart of those politics and give hope to stand against these elites.

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Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company’s growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?

Answers

By employing a manufacturing procedure that complies with all applicable state and federal regulations, Stephen is able to guarantee the well-being of the secondary stakeholders.

Who is referred to as a secondary stakeholder?

Secondary stakeholders are typically external parties (such as the general public, communities, activist groups, business support groups, and the media) who, despite not being directly involved in the financial operations of the company, nevertheless have an effect on those decisions or have the potential to do so.

Stephen ought to employ a manufacturing procedure that complies with all applicable laws at the local, state, and federal levels if he wishes to ensure that secondary stakeholders are treated well.

As a result, Stephen can use a manufacturing procedure that complies with all state and federal regulations to ensure the well-being of the secondary stakeholders.

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Letters with already formatted fonts and fields are called

Answers

Answer:its templates

Explanation:

Answer:

Templates

Explanation:

just did it and it was right

In the _____ form of ecommerce, the web is used to connect individual consumers directly with retailers to purchase products.

Answers

In the B2C (Business-to-Consumer) form of ecommerce, the web is used to connect individual consumers directly with retailers to purchase products.

B2C ecommerce refers to the online transactions that occur between businesses and individual consumers. It involves the sale of products or services from businesses to end consumers through online platforms or websites. In this form of ecommerce, individual consumers browse through the retailer's online catalog, select the desired products or services, and make the purchase directly through the website. The retailer then fulfills the order and delivers the products to the consumer's specified location. B2C ecommerce has experienced significant growth with the advancement of technology and the widespread adoption of the internet. It provides convenience and accessibility to consumers, allowing them to shop from the comfort of their homes or on-the-go using various devices such as computers, smartphones, and tablets. Online retailers often offer a wide range of products, competitive prices, and personalized shopping experiences to attract and retain customers. B2C ecommerce has revolutionized the retail industry, enabling businesses to reach a global customer base and operate without the limitations of physical store locations. The rise of online marketplaces and platforms has further facilitated B2C transactions, connecting consumers with a diverse range of retailers and expanding their choices.

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AA Company in Guangzhou (seller) sold merchandise to BB Ltd located in Shanghai (Buyer) for $90,000 under terms of FOB destination point, invoice dated April 28. EMS Courier (China Post Service) was appointed to deliver the merchandise from Guangzhou to Shanghai. On May 1, the merchandise was carried by EMS towards Shanghai, but the EMS’s delivery truck was involved in a very serious traffic accident at G60 Highway (Guodao 60) and goods in the vehicle were all destroyed.Please advise, does BB Ltd need to pay $90,000 for the merchandise destroyed in the accident?
(Give the reasons to support your answer).

Answers

BB Ltd is not liable to pay $90,000 for the damaged merchandise as per the FOB (Free On Board) destination point terms. These terms imply that the seller, AA Company in Guangzhou, holds the responsibility for the merchandise until it reaches the destination, which in this case is Shanghai.

As the goods were damaged during transit, the responsibility for the loss falls on the seller, and therefore, AA Company must bear the loss and cannot demand payment from BB Ltd.

The invoice date of April 28 holds no relevance to this situation.

Hence, BB Ltd is not liable to pay for the destroyed merchandise as per the FOB destination point terms, which transfers the risk of loss from the buyer to the seller at the time of shipment.

Therefore, AA Company in Guangzhou must bear the cost of the loss in this scenario.

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What kinda of block can result from poor language skills

Answers

Answer:

Lack of communication can cause minunderstanding and confusion with both parties

Explanation:

when a company records a loss on purchase commitment and the inventory market price later recovers, what occurs? multiple choice question.

Answers

When a business registers a loss on a buy commitment and the inventory market price later increases, prices fall after the commitment was made.

Which method can be applied to record a loss since the value of the goods has decreased in price?

The loss associated with the decrease in the value of inventory is recognized in the cost of goods sold account under the cost of goods sold method. Debiting the cost of goods sold account and crediting the inventory account reflect the drop.

What drives businesses to enter into purchase commitment contracts?

Companies enter into purchase commitments to lock in a specific price and occasionally to lock in a supplier's manufacturing capacity, which can be used to as a defensive measure to prevent rivals from making use of the production capability.

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THIS IS FOR ECONOMICS (please help)

Gas prices have risen over a dollar the last 3 months. Apply the concept of supply and demand and explain what would happen to the supply of gas and the demand for gas as a result of this increase

Answers

Answer:

REATAE  THIS PLS

Explanation:

The price is higher when demand exceeds supply and lower when there is more supply available than demand. Gasoline and other fuels, such as diesel and jet fuel, are made from oil through the refining process. Oil is the largest factor in fuel price, but the price of fuel is also determined by supply and demand.

If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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If net credit sales for a given year are 1.2 million and the average accounts receivable is 120,000, the average days to collect receivables is?

Answers

Average days to collect receivables, If net credit sales for a given year are 1.2 million is 36.5 days.

The average days to collect receivables can be calculated using the formula:

Average days to collect receivables = (Average accounts receivable / Net credit sales) x 365
In this case, the average accounts receivable is 120,000 and the net credit sales is 1.2 million. Plugging these values into the formula, we get:
Average days to collect receivables = (120,000 / 1,200,000) x 365
Simplifying the fraction gives us:
Average days to collect receivables = (0.1) x 365
Multiplying 0.1 by 365 gives us:
Average days to collect receivables = 36.5


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For a merchandiser, the starting point in the development of the master budget is the cash budget. budgeted Income statement. selling and administrative expenses budget. sales budget.

Answers

The starting point is the sales budget.

The process of creating a master budget for a merchandiser generally follows these steps:

1. Start with the sales budget: This is the initial step in creating a master budget. It estimates the expected sales revenue for the period.
2. Prepare the production budget: Based on the sales budget, you'll estimate the required production to meet the demand.
3. Create the direct materials budget: This helps determine the cost of materials needed for production.
4. Develop the direct labor budget: This calculates the labor costs associated with the production process.
5. Create the manufacturing overhead budget: This includes all indirect costs, such as rent, utilities, and equipment maintenance.
6. Prepare the selling and administrative expenses budget: This accounts for all non-production related expenses, like advertising, office supplies, and salaries of office employees.
7. Develop the cash budget: This is a projection of the company's cash inflows and outflows for the budget period.
8. Create the budgeted income statement: This provides an estimate of the company's net income for the budget period.

So, the starting point in the development of the master budget for a merchandiser is the sales budget.

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3
Select the correct answer.
Which is true when you rent?
O A.
B.
C.
You build equity in your house.
You are responsible for any repairs.
You pay fewer up-front costs.

Answers

Answer:

A

Explanation: A because when you do repairs you give the goverment money

write short notes by Napier bone ​

Answers

Answer:

Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.

Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the multiple production department factory overhead rate method, using direct labor hours as the activity base for each department.

Answers

The per-unit factory overhead using the single plantwide overhead rate is as follows:

Gasoline engine $360.

Diesel engine $360.

What is factory ?A factory, manufacturing facility, or manufacturing plant is an industrial facility, often a complex, containing machines in which workers manufacture items or operate machines that process each item into another item. consists of buildings. Since most of the world's commodities are manufactured or processed in factories, they are an important part of modern economic production.Factories emerged with the introduction of machinery during the Industrial Revolution when  capital and space requirements became too large for cottage industries and workshops. Early factories including were called landscaped workshops.Most modern factories have large warehouses or warehouse-like facilities containing heavy equipment used for assembly line production. Large factories are typically located in locations with  multiple transportation access, some with railroads, highways and water loading and unloading facilities. In some countries, such as Australia, it is common to refer to factory buildings as "sheds".

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What information about the competition would an entrepreneur want to open a house-cleaning business that was based upon a price-competition marketing strategy?

Answers

Answer:

The information regarding the competition that an entrepreneur would like to have to establish a business based on a price competition with other companies would be, precisely, the price at which they offer their products or services, as well as the price at which they get the inputs they use.

Thus, through this information, the entrepreneur could establish a business plan taking into account the profit margins of his competition, evaluating lowering the margins of his venture in order to capture a large market share, removing it from the competition.

according to prospect theory, ross is more likely to succeed in a business proposal he makes to his boss if it is framed in terms of:

Answers

According to prospect theory, you are more likely to succeed in a business proposal to your boss if it is framed in terms of potential gains.

According to the prospect theory, investors weigh perceived gains more heavily than perceived losses when valuing gains and losses.An investor given two options that are equal will pick the one that offers the greatest potential gains.The prospect theory is additionally referred to as the loss-aversion theory.The prospect theory, which is a component of behavioral economics, contends that investors favor perceived gains over losses because gains have a stronger emotional impact.When making decisions, people cancel out similar information, according to the isolation effect, while the certainty effect asserts that people prefer certain outcomes over likely ones.Prospect theory, a member of the behavioral economic subgroup, explains how people choose between probabilistic options when there is risk involved and it is unknown what the likelihood of various outcomes will be.

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Global trade means more markets and opportunities, but there is also more _______ for those markets

Answers

Global trade has increased market access for businesses, allowing them to reach new customers and expand their operations. However, this also means that companies face more competition for those markets, as businesses from different countries now compete for the same customers.

This increased competition can drive innovation, force companies to improve their products and services, and ultimately benefit consumers by providing them with more choices and better prices.

Global trade means more markets and opportunities, but there is also more competition for those markets. With global trade, companies are able to reach a wider audience and tap into new markets. However, as more companies enter the global market, competition becomes more intense. This can lead to a greater focus on price and efficiency, and companies need to constantly innovate and improve in order to stay competitive. Additionally, global trade also brings new regulatory and legal challenges, as companies must comply with different laws and regulations in each market they operate in. Overall, while global trade offers many benefits, it also requires companies to be adaptable and strategic in order to succeed in a highly competitive and complex global marketplace.

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An investment adviser structured as a partnership lends money to a customer to buy recommended securities. Under NASAA's Model Rule on Unethical Business Practices of Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers, this activity is

Answers

A) acceptable, provided the securities are used as collateral for the loan and the loan conforms to the provisions of Regulation T.

B) acceptable, provided the loan is made under the provisions of Regulation T of the Federal Reserve.

C) unethical.

D) acceptable, provided the securities are used as collateral for the loan.

Answer: Unethical

Explanation: Based on the model and policy of the North America Securities Administrator's Association, the investment adviser cannot lend money to a customer to purchase recommended securities under the guise of being partners, such behavior is deemed UNETHICAL and in violation of the rule binding the practices and investment advisers and investment adviser representatives.

Customers can purchase securities by taking loans from recommended or regulated lender, broker or bank.

select all that apply differences between actual contractual adjustments and the amounts estimated are . multiple select question. included in the period of change in estimate recorded as gains or losses in the period of adjustment treated as changes in accounting estimates

Answers

The amounts estimated are included in the period of change in estimate, recorded as gains or losses in the period of adjustment, and treated as changes in accounting estimates.
               
The actual contractual adjustments and the previous estimates are treated as changes in accounting estimates. This means that the estimates were based on assumptions that turned out to be incorrect and needed to be adjusted. The adjustment is made to reflect the best estimate of the contractual adjustments based on the new information available.

When differences are identified between actual contractual adjustments and their estimated amounts, they are included in the period of change in estimate, recorded as gains or losses in the period of adjustment, and treated as changes in accounting estimates to accurately reflect the updated information in the entity's financial statements.

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In
, people invest money in a company in exchange for the company’s
.


Answers

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

When sport/event organizations seek sponsors who will exploit the sponsorship, what benefit are they seeking to gain?

Answers

Answer: they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding.

Explanation:

Exploiting of sponsorship would be described as allowing a sponsor to utilize every opportunity in the event to promote their brand.

When event organizers look out for sponsors who would handle their event and allow them explore it, it'll mean they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding. For them to allow a particular brand to exploit the event would mean that brand would virtually take care of all expenses for the event since it'll be the face the audience would see when they come to the event. It is a way of generating more income for events.

In terms of real estate investment, another name for depreciation is:A) Intrinsic value.B) Cost recover.C) Leverage.D) Liquidity.

Answers

In terms of real estate investment, another name for depreciation is B) Cost recover.

Depreciation refers to the reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors. In real estate investment, depreciation allows property owners to recover the cost of an asset over its useful life. It is a tax deduction that acknowledges the gradual decrease in the value of the property. By claiming depreciation expenses, property owners can offset their taxable income and reduce their tax liability.

While "intrinsic value" refers to the fundamental worth of an asset, "leverage" relates to using borrowed funds to finance an investment, and "liquidity" pertains to the ease of converting an asset into cash. These terms are not directly synonymous with depreciation in the context of real estate investment.

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_____ involves allocating ownership of the risk to another party.

Answers

Risk transfer involves allocating ownership of the risk to another party.

Risk transfer is one of the risk management methods used to lessen or eliminate the financial consequences of a potential risk event. It is used by transferring the risk to another party. The third party may be a vendor, an insurance company, or any other type of organization that is willing to assume some or all of the risk in exchange for payment. Risk transfer is most often utilized when the likelihood of a risk happening is moderate to high, or when the financial impact of the risk would be too costly to handle alone.

Risk transfer is also used when the party transferring the risk is unable to mitigate it effectively and needs to have a backup plan in place to limit losses. In conclusion, Risk transfer involves allocating ownership of the risk to another party.

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What is true about contemporary Indian Economy

Answers

Answer:

There is a great scope for its growth in the future.

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