According to the concept of bounded rationality, managers make decisions rationally, but are limited by cognitive ability and insufficient information.
What is concept of Bounded rationality?The concept of bounded rationality was introduced by Herbert Simon in 1957. This concept suggests that people make decisions which are satisfactory to them and these decisions may not be economically rational. So in this case the people’s ability to make rational decisions is affected by three major factors
Inadequate informationTime constraint Cognitive abilityFor example, a person ordering food at a popular restaurant would make sub optimal decisions because they are rushed by other people who are waiting for their turn. Other example, would be when a person is buying limited edition merchandise from a site, he would spend money on it hastily, simply because the merchandise may not be available for a lot of time.
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When it comes to investing, what is the best approach to very optimistic and big news about a new company? (5 points)
a
Invest right away; trust the news.
Caution; research the company first.
O Invest a large amount through a financial advisor.
Contact the company to obtain information.
Answer:
caution research company first
Explanation:
safest option
A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., how much are the transfer taxes?
Based on the information given the amount of the transfer taxes is $476.
Using this formula
Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax
Let plug in the formula
Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2
Total transfer tax = ([$474,000 x .001] + $2)
Total transfer tax=$474+$2
Total transfer tax=$476
Inconclusion the amount of the transfer taxes is $476.
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The amount of a market that a producer controls is called market share. How is market share related to pure competition?
Answer:
pure competition ids defined as a market structure with many fully informed buyers and sellers in an identical producer and ease of entry. if there were more market shares, there would be more competition.
Explanation:
Which describes the most likely effect of the Fed lowering the discount rate on
overnight loans?
an increase in unemployment
a reduction in the inflation rate
an increase in the money supply
a decrease in the money supply
Answer: An increase in the money supply.
Explanation:
Answer:
c
Explanation:
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
A company's pr efforts are often aimed at doing what? a. getting publicity. b. reducing press releases. c. getting more ads. d. comparing ad prices. please select the best answer from the choices provided a b c d
Answer:
b. reducing press releases
Explanation:
Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.
in order to reduce the possibility of new product failure, a company should dedicate itself to creating tight cross-functional coordination and integration among which three core functions involved in the development of new products?\
In order to reduce the possibility of new product failure, a company should dedicate itself to creating tight cross-functional coordination and integration among the three core functions involved in the development of new products including marketing, Research and Development, and Operations.
Marketing: marketing is a process of communicating the value of a product or service to customers. Marketing is one of the core functions of the development of new products and is responsible for communicating with customers regarding the benefits, features, and uniqueness of the new product.
Research and Development: Research and Development (R&D) is another core function of the development of new products. R&D is responsible for generating new ideas, designing new products, testing and validating new concepts, and scaling up the production process.
Operations: Operations is the third core function of the development of new products. Operations are responsible for managing the production process and ensuring that the product is manufactured in the most efficient manner possible, with high-quality standards and low production costs.
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more positive organizational outcomes are associated with ______ cultures.
More positive organizational outcomes are associated with Market cultures.
Organizational cultures known as "market cultures" place a strong emphasis on achievement, competition, and results. Employees are encouraged to pursue goals and objectives in these cultures, and success is determined by financial results and market share.
Clear goals and objectives are communicated to all employees in market cultures. This clarity gives employees a sense of direction and helps them understand what is expected of them. Employees are more likely to be motivated and engaged in their work when they are aware of what is expected of them.
Market cultures put a lot of emphasis on getting things done. This emphasis makes sure that workers are putting forth effort toward particular goals and objectives rather than merely going through the motions. Employees are more likely to be effective and productive when they are focused on achieving results.
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The concept of _________________ means that as the measure of output goes up, average costs of production decline—at least up to a point.
relative advantage
economies of scale
absolute advantage
comparative advantage
The concept of economies of scale means that as the measure of output goes up, average costs of production decline—at least up to a point.
Therefore, option B is correct.
Economies of scale can be described as a concept in economics which can be regarded as the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time.
It should be noted that internal and external economies of scale are distinguished. Internal economies of scale are reached when a corporation expands production while lowering costs. Outside of a company, external economies of scale exist within an industry.
Thus, external economies of scale may occur when an industry's operational range increases as a result of outside innovations. For instance, a company's costs as well as those of its industry may go down as a result of the development of a stronger transportation network. All businesses within the industry profit when external economies of scale take place.
Therefore, option B is correct.
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The we love books publishing company is this a publishing company, if so then how do I get to there web site
Answer:
www.welovebooks.net
Explanation:
You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.
The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different products - night lights and desk lamps. Night lights is budgeted for 60,000 units. Each night light requires 1/2 hour of direct labor. Desk lamps is budgeted for 80,000 units. Each desk lamp requires 2 hours of direct labor. Determine the total number of budgeted direct labor hours for year.
Answer:
Explanation:
Budgeted direct labor hour is defined as the average time it will take to complete a budgeted production . This is calculated by multiplying the budgeted production by the labor hour per unit of production.
Workings
Total overhead budget = 807,500
Night light budgeted production = 60,000
Desk lamp budgeted production= 80,000
Night lamp production = 1/2 hour / unit
Desk lamp production = 2 hour / unit
Night light budgeted hour = 60000*1/5 = 30,000 hours
Desk lamp budgeted hour = 80,000 * 2 = 160,000 hours
Total number of budgeted direct labor hours = 190,000 hours
Splish Furniture factors $720000 of receivables to Bramble Factors, Inc. Bramble Factors assesses a 4% service charge on the amount of receivables sold. Splish Furniture factors its receivables regularly with Bramble Factors. What journal entry does Splish make when factoring these receivables
Splish makes a Journal entry when factoring these receivables is equal to $28,800.
When factoring, the business actually sells its accounts receivable and receives cash from the company buying the receivables. The selling company will record the % fee from the factoring or buying firm as a loss in its financial statements.
The journal entry is shown below:
Cash A/c $6,91,200
Service Charge Expense A/c $28,800
To Accounts Receivable A/c $720,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $720,000 × 4%
= $28,800
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Why is accountability important? Give an example. Finish your discussion with an accountability quote that relates to your example.
Accountability is important because it promotes transparency, responsibility, and trust in various aspects of life, including individual actions, organizational practices, and governance.
It ensures that individuals and organizations are held responsible for their actions and decisions, and that they are answerable to the consequences of those actions. Accountability helps prevent abuse of power, corruption, and unethical behavior, while also fostering a culture of integrity and fairness.
One example of the importance of accountability is in the context of government and public administration. When government officials and public servants are held accountable for their actions and decisions, it helps ensure that public resources are used efficiently and effectively, and that public policies are implemented in the best interest of citizens. Without accountability, there is a higher risk of mismanagement, corruption, and the misuse of public funds.
A relevant accountability quote by Peter Drucker states, "Management is doing things right; leadership is doing the right things." This quote emphasizes the importance of accountability in leadership and management. It highlights the idea that accountability is not just about following rules and procedures, but also about making ethical and responsible decisions that align with the greater good. It reminds us that true accountability goes beyond mere compliance and focuses on doing what is right, even when no one is watching.
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What is The Humane Society of North Central Florida's mission? *
Answer:
Our mission is to build an ecologically sustainable and humane world for all animals.
Explanation:
I hope it help u
The ge financial management program is designed to help potential employees develop leadership and analytical skills by cycling them through short-term, key assignments in financial planning, accounting, operations analysis, auditing, forecasting, cash management, and commercial finance. What type of work challenge stressor does this demonstrate?.
Work complexity type of work challenge .
What causes complexity?Complexity can come from both inside the system and outside of it. Modern hardware, such as super-scalar CPUs, is an example of an internal source, and the requirements for modifying previously successful systems are an example of an external source.
Why is complexity important in business?Complexity problems that corporate leaders must address the fact that complexity stifles innovation, which is essential for organizations looking to develop new products and revenue sources, is particularly problematic. Collaboration and the ability of firms to communicate knowledge across teams are killed by complexity.
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So if the answer is $5,505,210.50, you would input 5,505,210. what is forecast revenue in 2017?
The anticipated income for 2017 is $13,642,021.
How come we predict revenue?In order to plan how rapidly or how much to scale your business, it is crucial for all businesses to forecast their revenue. It's one of the most challenging things to estimate, though. Revenue prediction models support us in: Analyze the revenue and cost implications of the company's future growth.
According to the information:1. Financial Model (depicting the Sales Units and Sales Revenue)
2014 2015 2016 2017 2018
Sales units 200,000 210,000 237,300 272,895 297,456
Sales Revenue 9,998,000 10,497,900 11,862,627 13,642,021 14,869,825
2. The anticipated income for 2017 is $13,642,021.
Data and Calculations:
2014 2015 2016 2017 2018
Growth Rate of Units Sold: 5% 13% 15% 9%
Sales units 200,000 210,000 237,300 272,895 297,456
Sales Price per unit = $49.99
Sales Revenue 9,998,000 10,497,900 11,862,627 13,642,021 14,869,825
We know that :
The sales revenue = Sales Units x Sales Price per unit.
The anticipated income for 2017 is $13,642,021.
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I understand that the question you are looking for is:
Instructions: Questions 1-4 use the financial model on tab Q1-4 in the Exam Workbook. Complete the model by filling in the blank cells before answering the question below. Answers should be rounded to the nearest whole number, comma separating 000s, NOT written in currency format. So if the answer is $5,505,210.50, you would input 5,505,210. What is forecast Revenue in 2017?
how can knowledge be gathered from the personal and undocumented expertise of professionals within a firm? list at least four ways to gather and disseminate such knowledge.
Gathering knowledge from the personal and undocumented expertise of professionals within a firm can be crucial for the success and growth of the organization.
Here are four ways to gather and disseminate such knowledge:
1. Informal Conversations: Encouraging informal conversations among professionals within the firm can lead to the sharing of knowledge and expertise. Regular discussions on best practices, past experiences, and potential solutions can create a collaborative environment and foster an exchange of ideas.
2. Mentoring and Coaching: Pairing experienced professionals with younger, less experienced colleagues can help to transfer knowledge and expertise. This type of mentoring and coaching can happen informally, through regular one-on-one sessions or structured training programs.
3. Community of Practice: Creating a community of practice within the organization can help to bring together individuals who share similar professional interests and expertise. This can help to create a platform for knowledge sharing, problem-solving, and collaboration.
4. Documentation and Knowledge Management: Establishing a system for documentation and knowledge management can help to capture and disseminate undocumented expertise within the firm. This can include creating a knowledge base or database of best practices, processes, and lessons learned.
Overall, the goal of gathering and disseminating undocumented expertise within a firm is to create a culture of knowledge sharing and collaboration. This can help to improve performance, increase efficiency, and drive innovation within the organization.
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Clue #7- Cash Budget Equipment purchases during the quarter will be: . April $20,125 . May $5,250 Dividends of $6,125 will be paid in June. Management wants to maintain a minimum cash balance of $10,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $30,000. . Interest is 1% per month . Nordic can repay the loan at the end of the quarter if it is able to do so. The beginning cash balance has been given to you. What amount will Nordic Company plan to borrow (repay) during June? Note: Repayments must be listed in parenthesis
To determine the amount Nordic Company plans to borrow or repay during June, let's analyze the cash budget information provided:
Cash Budget:
Equipment purchases:
April: $20,125
May: $5,250
Dividends paid in June: $6,125
Minimum cash balance desired: $10,000
Loan agreement with the local bank:
Borrowing increments: $1,000 per month
Total loan balance allowed: $30,000
Interest rate: 1% per month
Given the information, we need to calculate the cash inflows and outflows for June and determine whether Nordic Company needs to borrow or can repay the loan. Let's proceed with the calculations:
Cash inflows for June:
No specific information is provided about cash inflows for June.
Cash outflows for June:
Dividends paid: $6,125
Net cash outflow for June: $6,125
To maintain a minimum cash balance of $10,000, Nordic Company needs to ensure that its cash balance does not fall below this amount. If the beginning cash balance plus any borrowing is less than the desired minimum cash balance, Nordic Company would need to borrow the difference. Conversely, if the beginning cash balance is higher than the desired minimum, Nordic Company can choose to repay part of the loan
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The visual enhancement of any drawing through color, value, and texture
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
If a country is taking action to increase its overall productivity and make sure
its businesses are successful, it is pursuing which economic goal?
A. Per capita improvement
B. Economic growth
C. Full employment
ОО
D. Stable prices
SUBT
Answer: It is B
Sorry its a bit late though
Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation. Hence option B is correct .
What is Economic growth ?Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP. In order to remove the inflationary distortion on the prices of produced items, growth is typically calculated in real terms, or terms adjusted for inflation.
Economic growth is measured using national income accounting. Economic growth has both the benefits and disadvantages of GDP growth because it is calculated as the yearly percent change.
The ratio of GDP to population is a typical metric used to compare the economic growth rates of different nations (per-capita income).
'Rate of Economic growth is the term used to describe the yearly geometric growth in GDP from the first to the last year over a period of time.
Without taking into account any variations in the GDP around this trend, this growth rate indicates the trend in the average level of GDP across the time period.
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What is the most difficult part of being a leader?
Answer:
Guiding everyone else to success
Explanation:
The hardest part about being leader is to lead people with different personalities to work together for the achievement of the objective.
What are the difficulties of being a leader?A good leader is only good as long as he can unite people and motivate them to work together for one purpose.
The hardest things to manage as a leader is to handle the conflict among the employees by avoiding biasness or favoritism.
One of the toughest aspects of leadership is delegating authority as people are very complicated.
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If an owner gives personal tools to the business, how is the transaction recorded?
As an additional investment by the owner recorded on the basis of fair market value.
Which statement best summarizes the law of demand ?
A. Sellers only supply goods that are in high demand from buyers.
B. Buyers are more likely to buy a products that is supplied in large quantities.
C. Sellers can easily substitute a product in high demand with another product.
S. Buyers are more interested in purchasing products as those products decline in price.
Thank you :)
Buyers are more likely to buy a product that is supplied in large quantities.
What is the law of demand?The law of demand states that the quantity purchased varies inversely with the price. In other phrases, the better the rate, the lower the quantity demanded.
What are the types of demand?Individual and Market DemandOrganization and Industry DemandAutonomous and Derived DemandDemand for Perishable and Durable GoodsShort-term and Long-term DemandLearn more about the law of demand here https://brainly.com/question/24019366
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Given that MUX/Px < MUy/Py, consumers who spend all their income on these two goods a can increase utility by buying more of X and less of Y. Ob have maximized total utility. Occan never maximize utility O d. can increase utility by buying more of Y and less of X
If MUX/Px < MUy/Py, This indicates that the consumer- a. can increase their overall utility by purchasing less of good Y and more of good X.
What is the reason?This is because the consumer is getting more satisfaction per dollar spent on X compared to Y. Therefore, buying more X and less Y will increase their overall utility.
However, it is important to note that this strategy will only work if the consumer has not already maximized their total utility.
If the consumer has already reached the point of maximum utility, then no amount of redistribution between the two goods will increase their overall satisfaction.
Hence, option a. is correct.
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How many times does 50 go into 1 million please help im dieing to know
Answer:20,000 times
Explanation:
Lets say you were a teacher. If parent approaches you to encourage you to give information about another child, what should you do.
first of all I will ask the parents what's the matter, if they explain me then also I will not going to give the child's information, I will contact to the principal about this matter and school management will look out at this matter.
bought a computer for ra 25000
double column cash book with discount and cash column
Answer:
Explanation:
41,900
June 01 Balance b/d 16,300
Answer:
41,900
June 01 Balance b/d 16,300
Explanation:
examples of credit risk.
Answer:Some examples are poor or falling cash flow from operations (which is often needed to make the interest and principal payments), rising interest rates (if the bonds are floating-rate notes, rising interest rates increase the required interest payments), or changes in the nature of the marketplace that adversely affect
Explanation:
Help Pleaseee Being charged with identity theft in a court of law (5 points)
is only a state misdemeanor
is always a federal crime
results in prison penalties up to 20 years
results in a maximum fine of $300,000
Which known factor affects prices in the financial markets? (5 points)
Current taxes
Media speculation
Government policy
Foreign companies
The factor affects prices in the financial markets Current taxes.
What statute(s) allows for charges of identity theft?10175, sometimes referred to as the Cybercrime Prevention Act ("RA 10175"), lists cybercrimes and specifies punishments for each.
What exactly is the identity theft law?Computer-related identity theft is defined by Section 10175, often known as the "Cybercrime Prevention Act of 2012," as the willful acquisition, use, misuse, transfer, possession, change, or deletion of an individual's identifying information without that person's consent.
What is the law on identity theft and what is the penalty?The penalty for using another person's electronic signature, password, or other unique identification feature dishonestly or fraudulently is imprisonment of either kind for a time that may not exceed three years, as well as a fine that may not exceed Rs. 1 lakh.
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If Coca-Cola decides to no longer use their iconic polar bears in holiday season advertising and they ask employees to submit ideas for replacement mascots, this would be an example of __________. a. relationship marketing b. empowerment c. teamwork d. co-creation
d. co-creation. This scenario exemplifies co-creation because Coca-Cola is involving its employees in the process of generating ideas for replacement mascots.
Co-creation refers to collaborative efforts between a company and its stakeholders, such as employees, customers, or partners, to develop new products, services, or strategies. In this case, Coca-Cola is seeking the input and creativity of its employees to collectively generate ideas for the new holiday season mascots, reflecting a collaborative approach to innovation. By involving employees in the decision-making process, Coca-Cola promotes engagement, teamwork, and empowerment, which can lead to a stronger sense of ownership and alignment within the organization.
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