________ in decision making involves scanning the environment, either intermittently or continuously

Which of the following statements regarding insurance and gambling is (are) true?

I. Insurance is used to handle existing pure risks, while gambling creates a new speculative risk. II. Insurance usually involves risk avoidance, while gambling typically involves only risk reduction. A) I only B) II only C) both I and II D) neither I nor II

Explain why the author uses the following formula to explain the amount of money a firm needs to repay an outstanding principal balance

Support your answer with n example that shows how much in EBT a firm in a 30% tax bracket would require to repay $1,000 in principal. Before-tax cost of debt repayment = (principal repayment) / (1 - tax rate)