Questions is incomplete. It's last line is: *Jim's decided to get dinner worth that amount*
Answer:
- Alexander's Loss Aversion
- Jim's Mental accounting.
Explanation:
Loss Aversion: Some people are always frightened of losing and always try to avoid it by making irrational decisions which make their sufferings worst. <em>This</em> <em>scenario</em> is the example of loss aversion where the focus on gains is lost but all they see are failures.
- <em>It is a common decision-making mistake people go for during which they will not leave until the loss is not realized </em>
In Alexander's case: He is trying to avoid losses and hoping that his investment would be saved although, the company he has invested in will soon go bankrupt. He should realize that before it gets too late and end up his sufferings.
Mental Accounting: It refers to the spending behavior by which people categorize the money they have often without logic.
For example: A person monthly earning is $40, but suppose he gets only $30 for whatever reason, and he has to pay rent which is $35. So he is 5 dollars short but he had decided that he will eat chocolate worth $5 next month, so he will go for that chocolate even if he is short.
In Jim's case: He got $50 which he didn't have before, he could have used it for better purposes, than going to a dinner. Because he didn't have that amount before that.
Answer:
Answer for the question is given in the attachment
Explanation:
Answer:
$2,000
Explanation:
Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.
The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.
The advantages of Group decision making are having a greater pool of knowledge, gaining different perspectives, gaining intellectual stimulation, having a better understanding of decision rationale, and having a deeper commitment.
Explanation:
Group decision-making is a kind of collaborative mechanism in which many people act together, discuss problems or circumstances, consider and compare alternative approaches and choose a response or solution from amongst the proposals.
There is a wide range of people in group policy making, but sometimes from two to seven. People in a group might be similar or very diverse in demographics. Decision-making committees may be fairly informal or specifically defined for a particular purpose.
The decision-making process can be unorganised or organised. To a certain extent they both shape the essence and makeup of individuals, their scale, population make-up, form and purpose. The potential contingencies of organisations (time constraint and competing objectives) also affect the development and performance of decision-making bodies.
Answer and Explanation:
The computation is given below:
As we know that
The Variable cost per unit is
= (Highest activity cost- Lowest activity cost) ÷ (Highest activity units- Lowest activity units)
Particulars Total Cost Units
Highest units 111,250.00 5,475.00
Lowest units 6,250.00 225.00
Difference 105,000.00 5,250.00
Variable cost per unit 20.00
Now
Fixed cost= Highest activity cost- (Highest units × Variable cost per unit)
= $111,250 - (5475 × 20)
= $1,750.00