Finance

You are considering a sales job that pays you on a commission basis or

You are considering a sales job that pays you on a commission basis or a salaried position that pays you $50,000 per year. Historical data suggests the following probability distribution for your commission income. Which job has the higher expected income? Commission Probability of Occurrence $15,000 .15 $35,000 .20 $48,000 .35 $67,000 .22 $80,000 .18 […]

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Date: September 19th, 2020

Patricia purchased a Personal Auto Policy (PAP). Her car was rear-ende

Patricia purchased a Personal Auto Policy (PAP). Her car was rear-ended by a driver who fled the scene. Patricia suffered whiplash, migraine headaches, and she was unable to work. Which of the following coverages will cover her lost work earnings? A) medical payments B) uninsured motorists C) underinsured motorists D) bodily injury liability     […]

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Date: September 19th, 2020

The Securities and Exchange Commission (SEC) A) regulates both primar

The Securities and Exchange Commission (SEC) A) regulates both primary and secondary markets. B) regulates initial public offerings, but not seasoned equity offerings, in the primary market. C) regulates only initial public offerings, or IPOs. D) regulates only primary market transactions to ensure investors are provided with adequate and accurate information on new securities.   […]

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Date: September 19th, 2020

Rob purchased a Personal Auto Policy (PAP) with collision and other-th

Rob purchased a Personal Auto Policy (PAP) with collision and other-than-collision coverage. Which of the following losses would be covered under his policy? A) Rob wrecked his car while using it as a taxi cab. B) Thieves took Rob’s radar detector from his car. C) A flash flood washed Rob’s car off the road and […]

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Date: September 19th, 2020