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Savatey [412]
2 years ago
7

Walking to class one day, Lars finds a $5 bill lying on the sidewalk. If Lars is subject to the habit of mental accounting, how

is he MOST likely to respond?
Social Studies
1 answer:
choli [55]2 years ago
8 0

Answer:

Larry would probably take the money and ponder whether or not he should spend it or save it, and why.

Explanation:

Mental accounting refers to the various valuations that a person assigns to the same quantity of money depending on subjective criteria, which might have negative consequences. The term "mental accounting" is used to explain how humans classify, categorize, and assess economic outcomes. In practically every financial choice we make, mental accounting is at work. It causes us to cognitively divide money.

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Complete the diagram below by filling in the necessary steps in the budget-making process.
Delicious77 [7]

February-September

The executive branch agencies develop requests for funds and submit to the Office of Management and Budget (OMB).

September-December

The president and the OMB review requests and make fiscal decisions about what goes into the budget. The budget is then printed and sent to Congress.

January-September (of the following year)

The budget committees in the House and the Senate review the proposed budget. By April 15th, the committees prepare the initial resolution for the budget. The initial resolution then goes to Congress for debate. By September 25th, the congressional budget should be finalized.

October 1

The fiscal year begins.

October 1-September 30

This is the fiscal year. The agency program managers implement budget and disperse funds.

October-November

The data on the actual spending and receipts for the completed fiscal year becomes available. The Government Accountability Office also audits the fiscal-year outlays.

3 0
3 years ago
The difference in Decision Making Under Risk and decision making under uncertainty is that under risk, we think we know the prob
nignag [31]

Answer:

True

Explanation:

<u>Decision making under certainty: </u>

It is the decision, maker known with reasonable certainty what the alternative and outcomes of each alternative, and outcomes of each alternative. Under the condition of certainty, accurate, measurable, and reliable information on that to base the decision is available.  

<u>Decision making under risk: </u>

When a manager lacks perfect information or wherever an information asymmetry exists, the risk arises, Under a state of risk decision-maker has incomplete information about available alternatives but has a good idea of the probable outcomes of each alternative.

7 0
3 years ago
Most of the actual work of legislating is:
Dovator [93]

Answer:

Most of the actual work of legislating is performed by the committees and within Congress. Since no one member can be possibly be adequately informed on all issues in a way to provide for specializations,or a division of the legislative labor.

Explanation:

Legislation refers to the preparation and enactment of laws by a legislative body through its law making process. The legislative process includes evaluating,amending and voting on proposed law and is concerned with the words used in the bill to communicate the values , judgments ,and purposes of the proposal

3 0
2 years ago
(I need an answer pleaseeee!!!) Taking the ideas in a brainstorm and grouping them together is a strategy of the
AlekseyPX

Answer: C.

Its not a cluster, peer review, or a draft. Therefore: a mindmap.

4 0
2 years ago
Why was the San Antonio de Béxar mission so important geographically? a. It was in a key location to fight French troops. b. It
Solnce55 [7]

Answer:

c

Explanation:

i guessed and got it right on Edgenuity  your welcome

 

8 0
3 years ago
Read 2 more answers
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