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wel
3 years ago
11

Scenario: Elly owns a small coffee shop. She has only one employee. One weekend, she decides to take a break from work. She is w

ondering whether she should trust her employee to run the shop in her absence. If she does not trust him, she would have to keep the shop closed, in which case neither she nor her employee will be able to make money. In contrast, if she trusts him, he can either cooperate and run the shop or he can defect and steal from the shop. If he cooperates, both of them will earn money. If he steals from the shop, he will make more money while she will lose.Refer to the scenario above. Elly should use to make her decision. A. backward induction B. mixed strategies C. her dominant strategy D. forward induction
Business
1 answer:
malfutka [58]3 years ago
4 0

Answer: Option A

         

Explanation:  In simple words, backward induction refers to the process under which an individual starts analyzing a performance from the end results and go backward to the steps to determine where actually the actions went wrong.

This technique is generally used for analyzing complex subjects which requires high technology or knowledge. It helps the individuals to determine what actions should be rectified in future so that same problems would not occur again.

In the given case, Elly is willing to analyze the whole subject by starting right from the results. Hence we can conclude that she is using backward induction.

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Burger Store is located near many large office buildings, so at lunch it is extremely busy. Burger Store management previously p
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The cost of those meals should be tax-free to employees

Explanation:

The lateness of employees to their respective duties after lunch obviously affected business, negatively. This negative impacts of lateness were solved by lunch planning.

For convenience sake of the employer, employer paid meals were furnished within the business environment. Because employees were late from lunch, employer arranged free meals in order for employees to be on time from lunch.

As long as lateness has been reduced then their meals should be tax free.

7 0
3 years ago
An international strategy in which the company attempts to combine the benefits of global scale efficiencies with the benefits a
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Answer:

The statement is true. An international strategy in which the company attempts to combine the benefits of global scale efficiencies with the benefits and advantages of local responsiveness is called global strategy.

Explanation:

"Global strategy" refers to the planning and delimitation of objectives that a certain company develops to fulfill its objectives at the international level, encompassing and integrating actions in various territories to maximize the benefits of the company, and providing international solutions for consumers and their claims.

7 0
3 years ago
Concentrated ownership is when there are very few shareholders so that each one gets a. Share of the profits
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6 0
3 years ago
A market demand curve shows Group of answer choices the sum of all prices that the individual buyers are willing and able to pay
Nutka1998 [239]

Answer:

the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good.

Explanation:

Market demand refers to the sum of the individual demand for a commodity from all buyers in a given market.

A market demand curve is therefore a graph that shows the the sum of the individual demand for a commodity from all buyers in the market.

Therefore, the correction option is "the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good".

Note that the market demand curve is a downward sloping curve due to the fact that there is a negative relationship between price and quantity demanded. That is, as price increases, the quantity demanded decreases. On the other hand, as price decreases, the quantity demanded increases.

Also note that an example of a market demand curve is given in the attached graph. From the graph, it can be seen that when price is p_{0}, quantity demanded is q_{0}. But when price falls to p_{1}, quantity demanded increased to q_{1}. This shows the negative relationship between price and quantity demanded as explained above.

6 0
3 years ago
___________ encompasses all the activities required to get the right product into the right consumers hands in the right quantit
Verdich [7]

Answer:

The correct answer that fills the gap is: Supply Chain Management.

Explanation:

To complement the definition, supply chain management (SCM) tracks materials, information and finances during the process that goes from the supplier to the manufacturer, the wholesaler, the retailer, and the consumer. Supply chain management involves the coordination and integration of these flows, both within the same company and between different companies. It is said that the main objective of any effective supply chain management system is the reduction of inventories (assuming that the products are available when necessary). To offer optimal supply chain management solutions, there are currently sophisticated software systems with Web interfaces competing with Web-based application service providers (ASP) that are committed to providing part or all of the SCM service to Companies that hire their services.

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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

6 0
3 years ago
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