Answer:
c. the average rate of return method includes the entire amount of income earned over the life of the proposal.
Explanation:
the average rate of return is a capital budgeting method.
Average rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
From the above formula, it can be seen that the entire income earned over the life of the project is used when calculating average rate of return.
the average rate of return method does not consider the timing of the expected cash flows. or use present values unlike the net present value and internal rate of return.
Net income is used instead of expected cash flows when calculating ARR
Answer:
308 minutes
Explanation:
The average waiting time = 
= 
= 
= - 308.85 minutes
Thus; alex average waiting time, in minutes, 308 minutes if he still wants to continues to be the only worker.
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 .
Answer:
The correct answer is: cognitive model.
Explanation:
The cognitive model of abnormality in psychology refers to the study of how people think and what their perceptions are and how they affect their behavior, emotions, and reactions. Because of internal and/or external factors, individuals' thoughts could be distorted. However, they can learn to discriminate between one and another so their perceptions adjust more to reality.
Answer: b) peoples' responses to financial incentives.
Explanation:
Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives.
Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid.
This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs.
