A portfolio consists of $18,740 of Stock K and $31,910 of Stock L. Stock K is expected to return 17 percent in a booming economy, lose 6 percent in a recession, and gain 9 percent in a normal economy. Stock L is expected to return 4 percent in a booming economy, 13 percent in a recession, and 10 percent in a normal economy. The probability of the economy booming is 16 percent. What is the expected rate of return on the portfolio if the economy enters a recession?

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.