​Use the Following Setup for Question

question 84

Multiple Choice

​Use the following setup for question
Tom wants to avoid any accidents on the work floor of his factory.If an accident does occur,it would cost him $500,000 in damages.Installing safety equipment would decrease the probability of an accident occurring from 20% to 10%.However,the equipment costs $20,000 to install. 
-​Would Tom install the safety equipment?

• A)​Yes because it costs him less than it is worth
• B)Yes because it costs him more than it is worth
• C)No because it costs him more than it is worth
• D)​No because it costs him less than it is worth

Analyze behavior and decision-making processes through the concept of self-regulation.

Describe how personal constructs theory applies to individual experiences and behavior changes.

Understand the basic concept and purpose of one-way ANOVA.

Identify the required conditions for conducting a one-way ANOVA.

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Definitions:

Operating Assets

Assets that are used in the day-to-day operations of a business to generate revenue, such as machinery, buildings, and equipment.

Minimum Required Rate

The lowest return on investment that an investor is willing to accept, often influenced by the risk-free rate and the investor's risk tolerance.

Net Operating Income

The profit from a company's operations after subtracting operating expenses from gross income.

Operating Assets

Assets utilized in the day-to-day operations of a business to generate revenue, including machinery, buildings, and equipment.