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olga nikolaevna [1]
3 years ago
14

Bayram had the opportunity to choose between two investments. The first investment was described as having a 30% chance of succe

eding, while the second investment was described as having a 70% chance of failing. Bayram opted for the first investment, because he thought it sounded less risky than the second investment. The chances of succeeding and failing are the same for the two investments, however, which implies that Bayram is subject to: overconfidence. a framing bias. a sunk cost fallacy. overvaluing the present relative to the future.
Business
1 answer:
DiKsa [7]3 years ago
4 0

Answer:

a framing bias

Explanation:

Framing bias occurs when a person chooses an option based on whether it was presented in positive or negative terms. There is tendency to avoid risk on positive presentation, and seek risk on negative presentation. It is a form of cognitive bias.

On this scenario Bayram is to choose between two investments. One was said to have 30% chance of success and the other a 70% chance of failure.

Although both investments have the same risk and benefit Bayram chose the one that was presented as 30% chance of success.

This phenomenon of choosing based on positive presentation is called framing bias.

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(q.d) have you been an appointee or employee of any regulator at any point over the past two years?
Anna [14]
<span>I have not been an appointee of employee of any regulator at any point in the past two years. I have worked as an independent contractor for a computer company for the last 5 years. Since a regulator company is one that usually involves systematic schemes and benefits to the employee, my emoployer would not fall into the category.</span>
4 0
3 years ago
Three commonly used productivity variables​ are: A. ​quality, efficiency, and low cost. B. ​technology, raw​ materials, and labo
exis [7]

Answer:

E. Labor, capital and management

Explanation:

Productivity refers to efficiency in production which means how much output is produced for available level of inputs. It is measured by output/input ratio.

The variables which determine productivity are labor, capital and management.

Capital refers to the amount of investment an entrepreneur makes in a project. Capital invested determines the resources available.

Labor refers to men employed to produce output. Labor cost refers to the wages paid.

Management refers to carrying out operations effectively so that all factors of production work in synchronization and to ensure that everything is in order.

8 0
3 years ago
Jill buys a refrigerator and pays the company to have it delivered. While the contract covers both a good and a service, this tr
Dominik [7]

Answer:

Article 2 of the UCC(Uniform Commercial Code).

Explanation:

UCC is said to be an acronym which stands for the Uniform Commercial Code; this is seen also to govern many different forms of contract interactions. Article 2 in most cases are seen to cover common issues ranging from

i). Goods definition of i.e any tangible item that can be moved.

ii). Situations involving missing terms in a contract, such as a missing quantity, price etc.

iii) Contract modifications and lastly

iv). Exchanges of consideration for items of value.

Alot of research has shown in most cases that article 2 is a popularly cited provision in this body of statutes, since it governs contracts for the sale of goods between merchants or between a merchant and a non-merchant.

3 0
3 years ago
After the delivery of the condominium documents in the TREC Residential Condominium Contract the buyer may terminate the contrac
sweet-ann [11.9K]

Answer:

The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)

Explanation:

7 0
3 years ago
Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you a
3241004551 [841]

The  total amount of social insurance taxes you owe the federal government is $3,596.

The social insurance taxes will be tax rate (6.2%) of gross income amount of  $58,000 which is calculated using this formula

Social insurance taxes=Social security tax rate× Gross income

Where:

Social security  tax rate=6.2%

Gross income=$58,000

Let plug in the formula

Social insurance tax=6.2%×$58,000

Social insurance tax=$3,596

Inconclusion the  total amount of social insurance taxes you owe the federal government is $3,596.

Learn more here:brainly.com/question/10714904

3 0
2 years ago
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