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Suppose my utility function for asset position x is given by u(x)=In x. I now have $10000 and am considering the following two lotteries: L1: With probability 1, I lose $2000. L2: With probability 0.8, I gain $0, and with probability 0.2, I lose $5000. What is expected utility of Ll and L2? Determine which […]

 

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1.1 Management takes place at different levels and in different areas of the organisation. Discuss the various managerial levels. Your discussion should; a) Use the case study to provide examples of activities performed at top level. b) Use examples related to the hotel industry to provide job titles of managers at each level. (10) 1.2 […]

 

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Tourism Management Please answer asap The definition of ecotourism has evolved over time but it continues to be premised by three (3) core criteria. Identify each of these and detail with an appropriate example what each entails Ecotourism is inherently incompatible with extractive recreational activities such as fishing and hunting. Briefly discuss this statement giving […]

 

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Tourism Management Answer needed asap 1.List four (4) benefits to be derived for an ecotourism business by it aligning with a nationally/globally accredited form of Eco Certification? 2.There are a number of pros and cons associated with the growing commercialisation of ecotourism operations globally. Outline three (3) of these pros (1 mark)and three (3) of […]

 

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