A leftward shift of the market demand curve for hdtvs, ceteris paribus, causes equilibrium price to

The marketing managers of Rudolf Ltd., strive so hard to agree on an important decision to launch a product that they ignore inf

wariber [46]

Answer:C. Groupthink

Explanation:Groupthink is a phenomenon that occurs when the desire for group consensus overrides people's common sense desire to present alternatives, critique a position, or express an unpopular opinion. Here, the desire for group cohesion effectively drives out good decision-making and problem solving.

Groupthink is the name given to a theory or model that was extensively developed by Irving Janis (1972) to describe faulty decision making .

8 0

4 years ago

Read 2 more answers

A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142

Vaselesa [24]

Answer:

The maximum amount he can borrow is $126,800.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

Maximum mortgage amount = 80% of market value.

$=\frac{80}{100}\times 336,000$

$=0.80\times 336,000$

$=\$268,800.$

As, he still owes $142,000 mortgage in his home.

Now, to get the maximum amount he can borrow we use formula:

Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.

Maximum amount he can borrow $=\$268,800-\$142,000$

Maximum amount he can borrow $=\$126,800.$

Therefore, the maximum amount he can borrow is $126,800.

6 0

4 years ago

If an economist is considering swiftly increasing technological changes in an economy, which of the following is MOST likely to

Degger [83]

Answer:

O new goods blas

Explanation:

new products are not included in the index at first, leading the Price to decrease often associated with new technological changes in production does not reflect in the index.

5 0

3 years ago

In the market for financial capital, ________.a. those who demand financial capital receive interest on loans. b. those who supp

Flauer [41]

Answer:

The answer is C.

Explanation:

In financial market, it is the money that customers save that is available for loans. So customers supply money for loan into the financial market, and the demand for this money makes loan.

The financial markets help to save money for the future and to borrow money for current use.

3 0

4 years ago

XYZ Law Firm provided services for a cllent for $5,000 cash and provided service for another for $10,000 that will pay for the s

Norma-Jean [14]

Answer: The income statement should reflect $15,000.

Explanation: The reason is because accounting procedures are always guided by certain principles or concepts. One of such concepts is the Realization Concept. This simply states that income is considered to have been earned when the goods/services have been dispatched /rendered to the client and the client has incurred liability for such (or has accepted his/her indebtedness). The Accrual Concept is also applicable in the above instance because this concept/principle states that revenues and expenses are recognized as soon as they are earned and incurred and not when money is expended or received. So basically, XYZ Law firm has provided services for two clients. One of them has paid while the other will pay sometime later. Both of them are already recognized as revenue and the current income statement will reflect revenue transactions to the tune of $15,000.

4 0

3 years ago