Keystone Brewing,Inc

question 61

Multiple Choice

Keystone Brewing,Inc.has a project that costs $1,000,000.It has a 50% chance of paying off $2,000,000 and a 50% chance of paying off $0.What is the expected payoff and the expected profit or loss from the new project?

• A)The expected payoff is $1,000,000,and the expected loss is $10,000.
• B)The expected payoff is $100,000,and the expected profit is $10,000.
• C)The expected payoff is $100,000,and the expected loss is $100,000.
• D)The expected payoff is $1,000,000,and the expected profit is $0.

---

Definitions:

Standing to Sue

The legal right to file a lawsuit or pursue a court action, based on having a direct and tangible interest in the outcome.

Ejusdem Generis

A legal principle stating that when a law lists specific classes of persons or things and then refers to them in general, the general statements only apply to the same kind of persons or things specifically listed.

Maxims

General legal principles that serve as foundational guidelines or ethical propositions in the law.

Statutory Interpretations

The process by which courts interpret and apply legislation.