I quite agree that managers are unable to make perfectly rational decisions because when making decisions, they typically have incomplete information and can't predict the outcome of their decisions.
- According to Herbert Simon, decisions are made at every level in the organization, and that the decisions affect the output and the prices of goods in the market.
- He further stated that for an individual to make a decision, he must choose between the different alternatives that he has.
- He further questioned the ability of managers to make rational decisions that are considered perfect as he stated that when a manager makes a decision, there are different alternatives that the manager could have chosen from and that the manager may not know if the other alternatives would have been better off.
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Answer: ($81,000)
Explanation:
From the information given, we are informed that Vinton Company is divided into North and South regions. We are further informed that the company's costs were under budget by $36,000 while the North Region’s costs were over budget by $45,000.
The amount that the South Region's costs were over or under budget will then be:
= ($36,000) - $45,000
= -$81,000
Therefore, South Region's costs were under budget by $81,000
Answer:
a a. surplus of low-skilled labor.
Explanation:
Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.
Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.
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Answer:
4. Cash received from customers at the time services were provided
Explanation:
- The cash received by providing services to the clients is an example of the generation of revenue and is an asset resource. The cash that is received from the bank loans is a liability.
- <u>As the cash investments made by owners increase the stockholder's share and it accounts for the common stock. Cash that is received on the sale of land is an asset that is an exchange form of transaction which reduces one as the land and also increases the assets of cash.</u>
Answer:
13. Charlie would be excluded for cause;
14. the plaintiff provides proof only up to the level of “clear and convincing,” Casey can still be acquitted.
Explanation:
Since it was realised that Charlie has a relationship with on of the parties summoned for a case, this will lead to Charlie been removed and excluded for cause. This is because it is believed that due to the fact that he has a relationship with the person, there may be bias which may lead to a false outcome regarding the case.
For the second question, Cash can be acquitted if there's proof which is provided by the plaintiff and the proof is clear enough and convincing.
