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3 years ago

According to Wallach, what is short-termism, and why is it a problem?

Business

1 answer:

Salsk061 [2.6K]3 years ago

4 0

Answer:

short-termism

Is the acting upon short term vision of the needs and problems that must be addressed. It is a problem because the vision that is important is the Long path vision.

What is “longpath” and why did Wallach develop the concept?

Is a concept that combines long term vision and goal oriented. Wallach develop that concept as he did not find a term that frame what is intended in the long run that was goal oriented.

Briefly discuss each of the three ways of thinking that Wallach describes.

Transgenerational thinking: Thinking the impact of your actions in the future generations to come.

Futures thinking: The future is not related only with better technology but with how will human relationships, moral, art and feelings like compassion will evolve.

Telos thinking: This is an invitation to think having in mind what is the "ultimate aim" of our actions as little of they might be. It is important to raise the question: how this action that I am doing now will impact or change the future in 20,50 or 100 years to come.

How does Wallach relate the future to a part of speech?

Wallach make a link between Thomas Khun quote: “People don’t shift unless they have a vision of what it is they’re shifting to.” an Martin Luther King Speech of "I Have a Dream" he says that that speech is successful as it shows what is the vision of what a dream must looks like

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Milton Rokeach created the Rokeach Value Survey (RVS), which consists of two sets of values, namely ________ values and ________

saw5 [17]

Answer:

A) instrumental; terminal

Explanation:

Rokeach Value Survey (RVS) is an instrument that is used to classify values. 36 values are ranked to scale. The values are made up of 18 terminal and 18 instrumental values.

Participant in the survey rank 18 of the terminal values and then 18 of the instrumental values in order of importance to the individual.

RVS has been applied in the fields of psychology, personality, behaviour, social culture and cross-cultural studies.

Terminal values refer to desireable state of existence and instrumental values are preferable modes of behaviour.

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3 years ago

Read 2 more answers

On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($770 cost), with terms of 2/10, n/30, to th

Anna11 [10]

Answer:

Patrick Company

Journal Entries:

Oct. 14: Debit Accounts receivable (Baxter Company) $1,200

Credit Sales revenue $1,200

To record the sale of goods on account, terms of 2/10, n/30.

Oct. 14: Debit Cost of goods sold $770

Credit Inventory $770

To record the cost of goods sold.

Oct. 18: Debit Sales returns $220

Credit Accounts receivable (Baxter Company) $220

To record the return of goods (wrong size) by Baxter.

Oct. 18: Debit Inventory $170

Credit Cost of goods sold $170

To record the cost of goods returned.

Oct. 24: Debit Cash $960

Debit Cash discounts $20

Credit Accounts receivable (Baxter Company) $980

To record the receipt of check on full settlement, including discounts.

Explanation:

a) Data and Calculations:

Oct. 14: Accounts receivable (Baxter Company) $1,200 Sales revenue $1,200, terms of 2/10, n/30.

Oct. 14: Cost of goods sold $770 Inventory $770

Oct. 18: Sales returns $220 Accounts receivable (Baxter Company) $220

Oct. 18: Inventory $170 Cost of goods sold $170

Oct. 24: Cash $960 Cash discounts $20 Accounts receivable (Baxter Company) $980

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2 years ago

The sources of economic growth are _______. A. work hours growth and labor productivity growth B. democracy and labor productiv

Luden [163]

Answer:

A. work hours growth and labor productivity growth

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

Generally, the sources of economic growth of a country are work hours growth and labor productivity growth.

Labor (working) is simply the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

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2 years ago

In order to ensure that an item never comes up for consideration in the first place, individuals will sometimes try to control t

notka56 [123]

In order to ensure that an item never comes up for consideration in the first place, individuals will sometimes try to control the agenda.

As agenda sets out the list of things to be discussed during the meeting, so if anybody wants to hide something then they can do it by controlling the Agenda.

Thus, it is clear from this definition that political action is any activity initiated to overcome opposition or resistance. If there is no opposition, there is no need for political activity.

Finally, leadership is the ability of an individual to elicit a response from others beyond required or mechanical compliance. It is this consideration aspect of leadership that distinguishes it from power and authority.

Learn more about consideration at

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2 years ago

"When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book value

Phoenix [80]

Answer:

No entry is made

Explanation:

When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, there would be no entry in the consolidation worksheet. The reason is the initial investment in the subsidiary, the initial value, book values and fair values of net assets acquired are all equal, no changes has been made.

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3 years ago