Bank id 38504 type multiple choice correct antilock

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QUESTION:14[QUESTION BANK ID:38504]TYPE:MULTIPLE CHOICECORRECTAntilock brakes, airbags, and seatbelts increased the number of accidents while simultaneously decreasing the number of fatal accidents. Why does this happen?<< HIDE ANSWERSAAdverse selectionBScreeningCSignalingDMoral hazard
7ENone of the aboveQUESTION:15[QUESTION BANK ID:35420]TYPE:MULTIPLE CHOICECORRECTMarket competition led to the rise of franchising in the 1950s. The franchiser (the company owning the franchise) gives the franchisee (external entity) the right and all the know-how to sell or give out services of that company using its image, logos, and publicity methods in return for a fixed or variable franchise fee. The success of the franchising system is attributed to the following factors EXCEPT<< HIDE ANSWERSACost advantage of group affiliation for national advertising and quantity discountsBEasy monitoring of qualityCHigh incentives for franchisees to maximize salesDDecentralization of decision rights to franchisees in running the operationQUESTION:16[QUESTION BANK ID:17033]TYPE:MULTIPLE CHOICECORRECT<< HIDE ANSWERSAPrice lowBPrice highC
8There will be no difference in pricing low vs. pricing highDCannot make a decision until Pepsi makes a decisionQUESTION:17[QUESTION BANK ID:92736]TYPE:MULTIPLE CHOICECORRECTWhen a home in Nashville went up for sale, the person interested in buying a home wanted to have the house inspected. The person selling the home encouraged the buyerto inspect the house before the sale is final. Which statement is true?<< HIDE ANSWERSAThe buyer is signalingBThe seller is screeningCThe buyer is trying to solve the problem of adverse selectionDNone of the aboveQUESTION:18[QUESTION BANK ID:57522]TYPE:MULTIPLE CHOICECORRECT<< HIDE ANSWERSA$11.25B$12.50C$13.75
9D$15QUESTION:19[QUESTION BANK ID:50820]TYPE:MULTIPLE CHOICEINCORRECTWhen you buy a set of speakers, Best Buy asks if you would like to purchase insurance for your speakers. Assume that paying for new speakers for customers who listen to music at a reasonable level (thus minimizing damage) costs, on average, $150, and paying for new speakers for customers who listen to music very loudly (more likely to damage the speakers) costs, on average, $1000. Individuals know whether they like music at a reasonable level or at a loud level, but Best Buy can assume that 40% of listeners are reasonable listeners, and 60% are loud listeners. How much does Best Buyhave to charge in order to break even?<< HIDE ANSWERSA$660B$1000C$150D$575

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