The statement " Continued losses in an industry will cause some firms to reduce output or eventually leave the industry " is True
Explanation:
The goal of all businesses is to reduced risk and reduce expenses while retaining productivity and deliver a good product at a consistent rate and cost.
Although company owners know how much they can deliver under optimum organisational and financial conditions, this volume is seldom consistently produced by most firms. Unexpected events inevitably lead to less than the expected amount.
For example, a computer may stop working, and employees can stop producing while waiting for machine repairs. In other situations, production is slowed down or halted by planned events.
Answer:
B. The rational decision making model assumes that an individual is able to identify all the relevant options in an unbiased manner
Explanation:
Rational decision making is a process wherein a problem is identified, solution to such a problem is found, which helps in taking right and logically correct decisions.
The process stresses upon objectivity and analysis rather than taking decisions based upon intuition or subjectivity.
The model has certain assumptions such as , availability of perfect information to the decision maker and the availability of time with the decision maker to evaluate and analyse each and every option with other options.
One of the limitations of the model being it's assumption that individuals will be able to identify all relevant options in an objective unbiased manner.
Answer:
e. None of these.
Explanation:
John's expenses on the trip;
Air fare = $3,200
Lodging = $900
Meals = $800
Entertainment = $600
Of all the expenses incurred by John, only the expense on entertainment is a non-deductible expense. A such,
Total deductible expense = $3,200 + $900 + $800
= $4,900
Hence, the right option is e. None of these.
PhD is an educational achievement has the most important implications for subsequent earnings