Answer: C. escalation of commitment
Explanation:
Escalation of commitment bias refers to a situation where an entity continues to invest resources in an endevor that is not working out which means it is not contributing any value but is still being invested in.
The Town Council can see what has happened to the town and how their restaurants have suffered. The project has also stalled and yet they keep pushing it on. They are committed to an endevor that is not working out so this is an escalation of commitment bias.
Answer:
The amount of discount that will be taken is $300.4
Explanation:
The amount of discount that will be taken will be on the value of accounts payable that is eligible for pay after adjustments.
The accounts receivable balance after adjusting for purchases returns and defective goods is:
Accounts receivables eligible for payment = 18000 - 2800 - 180 = $15020
The accounts payable amount that is eligible for discount is:
Discount received = 15020 * 0.02 = $300.4
There are different types of pricing strategies: penetration pricing (entering the market with a low price), economy pricing (low marketing and low prices), premium pricing (when the price is higher than the competitors), psychological pricing (example $99, instead of $100), demand-based pricing (based on the demand of the customers).
<span>Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00
a.m. than during the day, when there is heavy business travel. this illustrates demand-based pricing.</span>
Answer:
The answer is B.
Explanation:
Total variable cost always increases as output(unit of production) increases. And it also decreases with decreasing output(unit of production).
Variable cost is different from fixed cost in that it changes with output.
Answer:
A. Recent environmental research reveals that the dust from the limestone quarrying site has severely contaminated the water at a nearby lake.
Explanation:
The limestone production results in huge social effects like, noise pollution, soil pollution, which affects lives of people. And since the manufacturers or producers of limestone do not care about the social results of such production, they shall be liable to pay huge taxes.
As for this, the cause as stated in statement A is absolutely suitable.
Also the prices are more in this area even after so much of social destruction.
Accordingly high taxes as a penalty for such social destruction shall be charged.