Aman buys a racehorse for $20,000 and enters it in two races. he plans to sell the horse afterward, hoping to make a profit. if the horse wins both races, its value will jump to $100,000. if it wins one of the races, it will be worth $50,000. if it loses both races, it will be worth only $10,000. the man believes there’s a 20% chance that the horse will win the first race and a 30% chance it will win the second one. assuming that the two races are independent events, find the man’s expected profit.

When you hire an independent contractor you don't have to pay the contractors what

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.