With 100 employees on staff, your company's insurance company recommended an online two-hour seminar each employee should watch
and complete regarding new safety practices. By completing the seminar, accidents costing the company $88,000 per year will be reduced by 25%. The seminar will cost $15,000 once all employees complete it. How much money will the company save
The insurance provider will likely save some expenses, although I doubt your company will. Assuming the seminar amounts to $15,000 and is covered by the insurance company. Upon completing the seminar, accidents should drop by 25%, equating to $88,000 x 25% = $22,000.
The insurance company will save $22,000 due to the seminar, and after deducting the seminar cost of $15,000, the net savings would be $22,000 - $15,000 = $7,000.
Explanation: If a college student contemplating a tattoo pauses to consider her parents' opinions regarding such an action, this thought process would reflect her subjective norm, as it specifically hinges on her parents' potential views about her behavior.
To understand spending habits, one must consider various factors involved in purchasing.
Income: Some individuals have a tight budget, which leads them to reduce expenses affecting their spending capabilities. Jose may find purchasing scones less problematic since they are low-cost items, thus indicating a negative correlation.
Substitution: This could influence Jones’ spending on scones since he typically buys both together; if he stops his coffee purchases, he may also forgo buying scones.
