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- Ali is an investment adviser for Affin Financial Solutions (AFS). He entersinto an arrangement with a lawyer regarding the mutual referral of clients. Aliwill refer AFS clients needing legal services to the lawyer in return for thelawyer recommending clients in need of financial advisory services. Give thereasons why such an arrangement is an unacceptable practice.Ans both Otherwise dont ansThe insurance case for family formation refers to O A) life insuragce that a spouse might buy so that the other spouse can have security when they die. O B) the fact that each spouse will be there for the other if one of them becomes ill or loses their source of income.. OC) health and dental insurancehata man has at work and covers the wife as well. D) investments that you can make as a couple. E) both A) and C)
- What would you expect the relationship to be between selling a high-risk product and a low-risk product using personal selling Low risk and high-risk are equally as likely OLOW-risk is more likely to be sold using personal selling O High-risk is less likely to be sold using personal selling O High-risk is more likely to be sold using personal sellingCreative Homework!Shorr Project Assume that you area marketing consultant for one of the clients in ilem14.16. You believe that the business would benefitfrom nontraditional marketing. Develop seve<al ideasfor social-media tactics that you feel would be successful for the clientA major distinguishing characteristic of consumer convenience products is that the consumer is willing to make a special effort to buy them. O they are often costly and bear well-known brand names. O the consumer usually does a great deal of comparative shopping prior to making the purchase. the products are usually exclusive brands and have full warranties. O they are usually inexpensive and available in many locations.
- An efficeent Produc hin 9.uo1a 25: ci) is esfzient becouse it nesur Over produchiom, is under produchin . a riuent becaese it rensts ettiu huaruse it remus c3 Enefpicient becaus it remts in Underpnduchim, vchin. ii ónefgiuent because it neuults4. $1000 with of $325. (a) (b) Adam is risk averse. He is offered a choice between a gamble that pays a probability of 25% and $100 with a probability of 75%, or a sure payment What is the expected payment of the gamble? Will Adam prefer gamble over sure payment? Would he change his mind if the sure payment is $320 instead of $325? (c) If this individual has a utility function u(x) = lnx, would he prefer the payment of $320 or the gamble? (d) In the CRRA utility family u(x) = x¹-7. If this individual has a utility where y = 0.01, would he prefer the payment of $320 or the gamble?Assume that the parcels are essentially identical and that the minimum selling price of each is $575,000. The following table states each person's willingness and ability to purchase a parcel. Willingness and Ability to Purchase Person (Dollars) Andrew 520,000 A-Z Beth 510,000 Lorenzo 750,000 Neha 660,000 Sam 600,000 Teresa 550,000 Which of these people will buy one of the three beachfront parcels? Check all that apply. O Andrew Beth O Lorenzo O Neha O Sam O Teresa Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $535,000. This fourth will nurchase it from the seller for at least the minimum ncice be sold because parcel MacBook Air F12 O O O
- ponse SQUCOFFEE - Goo.. Google äazi SQU paga ic gaall Jija M POMG2710 You are a member of an advertising campaign for a new product in your 1 point company. In spite of your members' excitement, there are some uncertainties worrying you about the new product. You are hesitant to share your concerns because you do not want to disapprove the group's idea. Also, your supervisor seems to be among the excited members. Therefore, you decide to ignore your individual concerns and carry on along because you respect them and don't want to embarrass anyone by explaining your worries and presenting any questions. In addition, you don't want to spoil their happiness. This is called Groupthink Slander defamation O Free riders O Self-oriented rolesdo this ignore leacture information7. Principal-Agent II A risk-neutral principal can hire a risk-averse agent to undertake a project. There are two possible outcomes for the gross profit of the principal, TL There are also two possible effort levels that the agent can exert, e = 0 or 1; if e = 0, the probability of TH is only 1/3, but if e = 1, the probability of TH increases to 2/3. 20 and TH = 50. The agent's utility from receiving a wage wand exerting effort e is Vw – e, and the agent has a reservation utility of ū = 2. (a) Assume that effort is observable. What wage will the principal offer if she wants to induce low effort? What wage will she offer if she wants to induce high effort? What contract is optimal for the principal?