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Describe the shape of the utility function of a risk averse person.
Transferability
Transferability is the ability of an asset to be transferred or moved from one party to another with ease.
Pre-tax Profit
Earnings of a business before any tax is applied; also known as gross profit or operating profit.
C Corporation
A legal structure for a corporation in which the owners are taxed separately from the entity, subject to corporate income tax.
Tax Rate
A percentage at which an individual or corporation is taxed.
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