The correct answer is Administrative decision making model.
The Administrative decision making model assumes incomplete information and bounded rationality.
<h3>What is Administrative decision making model?</h3>
- The theory of decision making was given by a famous psychologist, economist and sociologist. His name was Herbert Simon.
- He even received a Nobel Prize in Economics.
- The Administrative decision making model is a kind of a descriptive model.
- It gives us an overview of how people and managers actually make decisions in difficult situations.
- Another kind of model that Simon gave was the Rational decision making model.
- It is when people use the available facts and information to make their decisions.
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Spencer corp.'s attorney calculates that the company will ultimately control to pay between $250,000 and $500,000 relating to current litigation. spencer should accrue a contingent liability and loss of: $250,000.
<h3>What is contingent liability?</h3>
Liabilities that may be incurred by a company dependent on the result of an uncertain future event, such as the result of an ongoing lawsuit, are known as contingent liabilities. When they are both probable and reasonably estimable as a "contingency" or "worst case" financial consequence, these obligations are not recorded in a company's records and are not displayed on the balance sheet.
The kind and size of the contingent liabilities may be described in a footnote to the balance sheet. It is feasible to categories a loss's possibility as remote, improbable, or probable. It can be known, reasonably estimable, or not reasonably estimable whether a loss can be estimated. It might or might not happen.
Hence, Spencer corp.'s attorney calculates that the company will ultimately control to pay between $250,000 and $500,000 relating to current litigation. spencer should accrue a contingent liability and loss of: $250,000.
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Answer:
$0
Explanation:
Persephone's regular tax liability of $12,475 exceeds the tentative minimum tax of $11,500. Therefore, she does not owe an alternative minimum tax liability hence the answer becomes $0.
Side note: If it were otherwise(tentative minimum > regular tax liability), she would have owed the difference between the two tax liability amounts.
Answer:
The correct answer is
Negative externalities cause a (leftword) shift of the supply curve and (Decrease)
in market quantity.
Recognizing this deadweight loss (will not) result in elimination of the externality.
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