All categories

3 years ago

A public choice theorist would be most likely to say that government failure is a consequence of the__________.

Business

1 answer:

tankabanditka [31]3 years ago

6 0

Answer:

Rational behaviour of the participants of the political process.

Explanation:

Public choice theory is the theory used in economic as well as political domain as a process of decision-making. It administers the use of economics-related knowledge in the field of politics and thus, focuses on solving various political problems with the help of economic tools. While making decision-related to political issues according to the public choice theory, it is important to have adequate economics and political knowledge, and the decision should not be based on any rational behavior.

You might be interested in

Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o

tigry1 [53]

Answer:

Consider the following calculations

Explanation:

1. Direct material $14

Direct labor (16*1.9) 3.04

Variable overhead (1.1*1.9) 2.09

Fixed overhead (1.5*1.9) 2.85

Unit product cost $21.98

2. Cost of budgeted ending inventory = 21.98*620 = $13, 628

3 0

3 years ago

Read 2 more answers

Gilmore, Inc. recently embarked on an effort to increase coordination and cooperation within the company. During the process, Gi

grandymaker [24]

Answer:

Organizing Management Function

Explanation:

Organizing is the management function which includes the creation of an organizational structure as well as the allocation of human resources to ensure that the objectives are achieved.

Gilmore managers are re-allocating the companies resources.

Organization structure is the framework through which activities are organized.

4 0

3 years ago

Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:

HACTEHA [7]

Answer:

Statement of retained earnings

For the year ended 2017

Retained earnings, January 1, 2017 $0

Add: Net Income $54,000

Less: Dividends $22,000

Retained earnings, December 31, 2017 $32,000

Statement of retained earnings

For the year ended 2018

Retained earnings, January 1, 2018 $0

Add: Net Income $59,000

Less: Dividends $34,000

Retained earnings, December 31, 2018 $25,000

7 0

3 years ago

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's initial net investment is $92,000, consisting of cash

geniusboy [140]

Answer:

1. Dr Cash$30,000

Dr Equipment (Long-term asset) $77,000

Cr Share Capital (Owner’s Equity) $92,000

Cr Bank Loan (Liability) $15,000

2.Dr Cash $37,000

Cr Share Capital (Owner’s Equity) $37,000

Explanation:

1. Preparation for the journal entries to record Moss’s investment

Dr Cash$30,000

Dr Equipment (Long-term asset) $77,000

Cr Share Capital (Owner’s Equity) $92,000

Cr Bank Loan (Liability) $15,000

( Being to record initial capital investment of Moss’s )

2. Preparation for the journal entries to record Barber’s investment

Dr Cash $37,000

Cr Share Capital (Owner’s Equity) $37,000

( Being to record initial capital investment of Barber's )

3 0

3 years ago

Departmentalizing decisions increases the risk of __________ leading to a poor decision.

MAXImum [283]

Answer:

Bounded Rationality

Explanation:

To begin with, it is essential to understand the concept of departmentalization.

Departmentalization centers on the idea that departments/divisions within an organization are grouped and/or sectioned, using some identified benchmarks. In extension, Departmentalizing, is simply the acts of engaging in departmentalization.

Bounded rationality, is a phenomenon that states that human reasoning and extension, logic could be threatened by a number of constraints. The constraints here could be human, material and physical resources. The implication is that an individual is not in possession of full details and information that could influence or shape his position.

Hence, by departmentalizing, an organization has placed a constraint on the amount of information accessible to that department, under the bigger context of an organization. Thus, the departments' rationality has been bounded and this could ultimately spiral into poor decision making, principally because of lack of detailed information.

6 0

2 years ago

Read 2 more answers