Mack is an oil executive. he wants to start a new company with different partners to explore some drilling opportunities. his attorney advises him about the various business forms. when discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that
a. it is taxed like a partnership, unless the members choose differently
b. its members have limited liability for llc debts
c. there is no uniform law governing llcs in the united states
d. llc members pay no taxes

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value