Mountain ski corp. was set up to take large risks and is willing to take the greatest risk possible. lakeway train co. is more typical of the average corporation and is risk-averse.
returns:
projects expected value standard deviation
a $ 298,000 $ 210,000
b 704,000 454,000
c 164,000 133,000
d 196,000 252,000
a-1. compute the coefficients of variation.
a-2. which projects should mountain ski corp. choose?
b. which one of the four projects should lakeway train co. choose based on the same criteria of using the coefficient of variation?

answer; standing committee;

answer decisions made by individual households and firms;

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.