Use the Following Data to Answer Questions 77-87

question 48

Multiple Choice

Use the following data to answer questions 77-87.
-Refer to the data on Expected Demand for Acme Widgets.For the various demand scenarios and their associated probabilities,the option to build has an expected value of ______.

• A)$27.80 million
• B)$31.40 million
• C)$41.60 million
• D)$52.55 million

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Definitions:

Principal Liability

refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.

Principal/Employer-Agent/Employee Relationship

Refers to the legal bond between an employer who delegates tasks, and an employee who performs these tasks on the employer's behalf.

Negotiable Instrument

A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.

Representative Capacity

Acting on behalf of someone else or a group in a legal or official matter.