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Marrrta [24]
3 years ago
15

Sunk costs and decision making Rajiv has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontran

sferable ticket. Now Simone, whom Rajiv has wanted to date for a long time, asks him to a concert. Rajiv would prefer to go to the concert with Simone and forgo the play, but he doesn't want to waste the $50 he spent on the play ticket. From the perspective of an economist, if Rajiv decides to go to the concert with Simone, what has he just done
Business
1 answer:
NikAS [45]3 years ago
3 0

Answer: b.Correctly ignored a sunk cost

Explanation:

Sunk costs are those that are already incurred and should not have any influence on the decision to be made.

The cost of the ticket to the play has already been incurred and could not be sold, exchanged or transferred so was a sunk cost. By going to the concert with Simone, Ravi decided to ignore a sunk cost and he was correct to do so.

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What is divisional structure in organization?​
dedylja [7]

Explanation:

The divisional structure is a type of organizational structure that groups each organizational function into a division. ... Each division contains all the necessary resources and functions within it to support that product line or geography (for example, its own finance, IT, and marketing departments)

5 0
3 years ago
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You are a member of a project team revising your company’s ethics policy. The team has representatives from four divisions: Soft
Veseljchak [2.6K]

Answer: ) She wants to present a new draft for a new policy.

Explanation:

The options to the question are:

A) She wants to present a new draft of the ethics policy.

B) The other members of the team are ineffective.

C) She is concerned that her work isn’t being valued.

The most important message that my colleague is trying to deliver is that she wants to present a new draft for a new policy.

This can be seen from the passage where she suggested that the team should review a new draft of the ethics policy. She further highlighted the reason for that and she said she believes the policy will have positive effects on the team and on the organization as a whole.

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3 years ago
Using 2010 U.S. dollars, in 2000 annual real per capita gross domestic product (GDP) in the United States was around ________, w
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Answer:

$44,000; $5,200

Explanation:

Please see attachment.

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3 years ago
Revenues and expenses are transferred to the​ ________ account before their final transfer into the retained earnings account.
slamgirl [31]
<span>D is the correct answer. Income summary is a sort of "catch-all" account that holds both revenues and expenses before recording them as retained earnings. These will then be rectified at the end of the manual accounting period. If there is a net profit or loss for the business, it will be reflected during the accounting period in the income summary.</span>
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3 years ago
Joan, the editorial head of a daily newspaper, implements a change to the newspaper's outline. He discusses this change with Syl
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Answer: staff authority

Explanation:

From the question, we are informed that Joan, the editorial head of a daily newspaper, implements a change to the newspaper's outline and he then discusses this change with Sylvia, the marketing head of the company, and advises her to improvise the marketing strategy based on the updated outline.

The organizational authority, that Joan is most likely exercising is the staff authority. This is the power given to an employee based on the role or work they do in the organization. He is applying the authority as a staff.

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3 years ago
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