Larry lives in Houston and runs a business that sells boats. In an average year, he receives $723,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $423,000; he also pays wages and utility bills totaling $267,000. He owns his showroom; if he chooses
to rent it out, he will receive $2,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Larry does not
operate this boat business, he can work as a financial advisor and receive an annual salary of $20,000 with no additional monetary costs. No other
costs are incurred in running this boat business.

Aresearcher conducting behavioral research collects individually identifiable sensitive information about illicit drug use and other illegal behaviors by surveying college students. one of the subjects is in an automobile accident two weeks after participating in the research study. is this an example of an unanticipated problem that requires reporting to the irb? yes, this must be reported because it was not listed as a risk of study participation in the consent form (was unexpected) and the subject experienced harm. yes, this must be reported because it involved a subject in a research study and it’s up to the irb to determine if it was related to participation. no, this does not need to be reported because it was assessed by the researcher as unrelated to the research study. no, this does not need to be reported to the irb since the researcher reported it to the sponsor of the study.

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4. discuss three characteristics of postmodern society? how does postmodern society differ in these characteristics than pre-industrial or modern societies?