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Snowcat [4.5K]
3 years ago
6

When travelers are bumped from overbooked flights, they are frequently offered vouchers good for future travel. The dollar value

of the voucher is the airline's estimate of __________.a. procedural justice.
b. perishable value.
c. the size of the knowledge gap.
d. empowerment.
e. distributive fairness.
Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

Answer is option e, i.e. Distributive fairness.

Explanation:

When any customer or any employee receive the product or reward as per their perception of what they believe they should receive. Then their exist a condition of justice and fairness in distribution. Here, in the above mentioned case the travelers are offered with future vouchers after they are bumped due to overbooked flights. In order to create a sense of fairness, they are issued with this future voucher. Thus, it is referred to as distributive fairness.

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7 0
1 year ago
Many new restaurants have opened in collegetown in recent years. given this change in supply, what type of demand would result f
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3 years ago
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the
romanna [79]

Answer:

Please see explanation.

Explanation:

1. and 2.

                                  Type of accounts            Normal balance

a. Cash                                asset                            Debit

b. Legal Expense               expense                       Debit

c. Prepaid Insurance          asset                            Debit

d. Land                                asset                            Debit

e. Accounts Receivable     asset                            Debit

f. Dividends                         equity                          Debit

g. License Fee Revenue    revenue                      Credit

h. Unearned Revenue        liability                        Credit

i. Fees Earned                     revenue                      Credit

j. Equipment                        asset                           Debit

k. Notes Payable                 liability                        Credit

l. Common Stock                equity                          Credit

Journal entries to increase the balance:

                                                             Dr                          Cr

a. Cash                                            Cash                        Revenue

b. Legal Expense                     Legal expenses              Cash

c. Prepaid Insurance               Prepaid Insurance          Cash        

d. Land                                      Land                                Cash                                    

e. Accounts Receivable        Accounts receivable        Revenue

f. Dividends                           Retained earnings            cash

g. License Fee Revenue      Cash                                   License Fee Revenue

h. Unearned Revenue         Cash                                  Unearned revenue

i. Fees Earned                     Cash                                   Fees Earned

j. Equipment                        Equipment                          Cash

k. Notes Payable                Cash                                    Notes Payable

l. Common Stock                Cash                                    Common Stock

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Product price is measured on the vertical axis of the graph and the number of products provided on the horizontal axis.

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8 0
2 years ago
Which of the following statements is true?
Rzqust [24]

Answer:

The correct answer is option c.

Explanation:

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The firms are price makers and face a downward-sloping demand curve.

6 0
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