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nekit [7.7K]
4 years ago
8

Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa

lly. Which of the statements is NOT a reason why economists still consider their models valid, in spite of the irrationality of people?
Business
1 answer:
BartSMP [9]4 years ago
3 0

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

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When managers use a management information system, no management action is needed if?
svet-max [94.6K]

Answer:

False

Explanation:

Management information systems (MIS) are very useful tools that managers can use to obtain information from internal and external sources. The advantage of using management information systems is that they can convert a lot of data into useful information and us it in decision making processes.

But MIS are just one more tool that managers can use, it doesn't replace managers and it doesn't make decisions by itself, its main purpose is to provide useful information that managers can use.

7 0
3 years ago
Please help me I need this point
schepotkina [342]

Answer:

ok

Explanation:

7 0
3 years ago
The oriental trading company uses a cost leadership strategy. it has a "110% lowest price guarantee," which says that if a custo
Klio2033 [76]
<span>Oriental trading company will be more effective if it has a mechanistic structure.
According to Burns and Stalker who came up with this term, mechanistic structure involves </span><span>organizational complexity, formalization, and centralization. It is the type of structure which best fits the description given above.</span><span>
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8 0
3 years ago
In its 2018 fiscal year, the data storage company, NetApp Inc., reported that it had 267.9 million shares of common stock outsta
makvit [3.9K]

Answer:

option (C) 8.8

Explanation:

Data provided in the question:

Common stock outstanding = 267.9 million shares

Market price = $68 per share

Value of common stock equity reported = $2.067 billion

Now,

Market value = Market price × Number of  Common stock outstanding

= $68 × 267.9 million

= $18,217.2 million

= $18,217,200,000

Book value = $2.067 billion = $2,067,000,000

therefore,

NetApp's market/book ratio = $18,217,200,000 ÷ $2,067,000,000

= 8.81 ≈ 8.8

Hence,

Answer is option (C) 8.8

8 0
3 years ago
Whitch economic indicators most strongly suggest that an economy is experiencing the contraction phase of a business cycle. Answ
aliina [53]

Answer: D. Unemployment rates are rising while GDP is falling.

Explanation:

A rising Gross Domestic Product (GDP) and a low unemployment rate are signs that an economy is doing well because it shows that the economy is growing and people have jobs that can give them access to income to spend in the economy.

If Unemployment starts rising therefore and GDP is falling, the economy is not growing but is rather contracting. People increasingly do not have access to income to spend on goods and services and companies are not hiring people because they are unable to sell as much goods and services.

7 0
3 years ago
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