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NEW QUESTION: 1
Only the HR department in Germany should be able to access German employee data. However, the HR departments in other countries can currently access the German employee data. What are the possible reasons for this issue? There are 2 correct answers to this question.
A. The field permissions for Germany are incorrect.
B. The Permission Group is configured incorrectly.
C. The Target Population is configured incorrectly.
D. The HR field for the German employees is incorrect
Answer: B,C

NEW QUESTION: 2
The space between the base if the tongue and the epiglottis is called?
A. Larynx
B. Criciod
C. Vallecula
D. Tonsils
Answer: C

NEW QUESTION: 3
Given identical prices, a bond trader prefers dealing with Bank A over Bank B. Given a choice between Bank B and Bank C, he prefers Bank B. Yet, when given a choice between Bank A and Bank C, he prefers dealing with Bank C. What axiom underlying the utility theory is he violating?
A. He is not violating anything
B. Stochastic dominance
C. Continuity of choice
D. Transitivity of choice
Answer: D
Explanation:
Explanation
Remember the four basic axioms underlying the principal of maximum expected utility:
- Transitivity, ie if A is preferred over B, and B is preferred over C, then A must be preferred over C;
- Continuity, ie if A is preferred over B, and B is preferred over C, then B is on a continuum between A and C such that we can be indifferent between receiving B, or a lottery offering either A or C with probabilities p &
1-p respectively.
- Independence, ie choices are not affected by the way they are presented
- Stochastic dominance, ie a gamble that offers a greater probability of a preferred out come will be preferred.
In this case, the first axiom is being violated. Therefore Choice 'c' is the correct answer.