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Monica [59]
3 years ago
11

Tom, the store manager, recently had to fire Jan, an employee who graduated from Paradise College. He felt that Jan was not well

trained at her school. So, when Jerry, also a graduate from Paradise College, applied for Jan's old position, he did not want to consider hiring him, feeling Jerry also probably did not receive the proper training. Tom was affected by _____ bias.
Business
1 answer:
loris [4]3 years ago
5 0

Answer:

representativeness bias

Explanation:

Representativeness bias -

It is also known as representativeness heuristic .

Heuristics refers to the use of some mental shortcuts during the process of judging or decision making .  

The term representativeness heuristic was first given in the year 1970 , by psychologists Daniel Kahneman and Amos Tversky .  

The use of heuristic for making any judgement by the use of comparison , is referred to as representativeness heuristic .  

The process involves comparison with some predefined object or situation , with the new object or scenario , makes the process of understanding much more easier .  

Hence , from the given information of the question ,  

The correct term is representativeness heuristic .  

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The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the win
antoniya [11.8K]

$25968406.94.

a. Computation of Effective Interest Rate

Future Value = Present Value * (1 + r)^n

Future Value = $1460000

Present Value = $105

n = Number of Years = 116 Years

Future Value = Present Value * (1 + r)^n

1460000 = 105 * (1 + r)^116

13904.76 = (1 + r)^116

1.0857 = 1 + r

Effective Interest Rate = 8.57%

b.Future Value in the year 2050

Future Value = Present Value * (1 + r)^n

Present Value = $1460000

n = Number of Years = 35 Years

Future Value = Present Value * (1 + r)^n

Future Value = 1460000 * (1 + 0.0857)^35

Future Value = 1460000 * 17.7866

Future Value in the year 2050= $25968406.94.

Learn more about interest rates at

brainly.com/question/25793394

#SPJ2

5 0
2 years ago
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

The computation of the payback period is shown below

We know that

Payback period = initial cost ÷ increase in net income

= $30,000 ÷ $3,000

= 10 years

As the depreciation expense is a non-cash expense so we dont considered it

Therefore the first option is correct

8 0
3 years ago
What are some of the possible pitfalls of owning a credit card? Check all that apply. A Only paying the minimum balance due. B P
Aliun [14]

Answer:

<em>C. Paying your bill late.</em>

<em>E. Juggling too many cards.</em>

Explanation:

6 0
4 years ago
If ending accounts receivable exceeds the beginning accounts receivable Group of answer choices cash collections during the peri
sukhopar [10]

Answer:

no cash was collected during the period

or

cash collections during the year are less than the amount of revenue recognized

Explanation:

For example if we had Accounts receivable beginning balance $ 250,000 and Sales of $ 500,000 are made on accounts then the Total  Accounts receivable will be $ 750,000.

But out of the $ 500,000 sales only $300,00 cash is collected and the remaining  $ 200,000 is still in the Accounts receivable balance so the ending Accounts receivable balance will be $ 250,000 + $200,000 = $ 450,000 which will be greater than beginning Accounts receivable balance.

So there are two possibilities either  cash collections during the year are less than the amount of revenue recognized.

or

no cash was collected during the period.

Similarly it cannot be choice no 1 : collections during the period exceed the amount of revenue recognized

Because if more cash is collected then ending account receivable balance would be less than the beginning account receivable balance.

Choice no 3 is also wrong if cash collections are more than the ending accounts  receivable balance would be less

4 0
3 years ago
1.<br> The price of labor is called<br><br><br> costs<br><br> demands<br><br> rates<br><br> wages
olya-2409 [2.1K]

Wages

The cost of labour is the sum off all wages paid to employees as well as the cost of employee benefits and payroll taxes paid by an employer.

The cost of labour is broken in direct and indirect cost.

6 0
4 years ago
Read 2 more answers
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