Answer
Some of the hindrances of rational decision maker by managers are;
• Cognitive biases
• Time pressure
• Group conflict
Explanation
Decision making process is controlled by an individual’s personality and behavioral traits. Objective judgments by managers can be disrupted by subjective biases. Cognitive biases such as halo effect and overconfidence can act as a barrier to rational decision making.
Time pressure can distort the process of making a rational decision thus resulting to less objective individual judgment which is influenced by intuition. Managers with ample time arrive at a more logical and highly crafted decision than those who feel they have insufficient time.
Both interpersonal and group dynamics can create a barrier towards making an effective decision.
The Correct answer is B "TO INCREASE TARIFFS" Tariffs are a tax that a country puts on goods imported, that means if you moved to a different country your company would have to pay the tariffs, so to combat the price of tariffs, and why they moved in the first place, the rest of the answers would be correct. Because it must be cheaper.
Answer:
Option C is the correct Option.
Explanation:
First of all, let me clear it to you that, it is a multiple choice question with 5 options in it.
Question Statement:
Why would it be economically efficient to require a natural monopoly to charge a price equal to marginal cost?
Solution:
The correct answer to this question is option C .
Option C = Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it
Reasoning:
The marginal value of the last unit of output delivered to consumers is equal to the marginal cost of production. The overall welfare surplus is maximized, including both user and producer surpluses. There is no loss of dead weight.
Answer:
The journal entry to record the monthly payroll on April 30 would include a credit to Salaries Payable for $8,150. The right answer is d.
Explanation:
In order to prepare The journal entry to record the monthly payroll on April 30 we would have to calculate the Salaries Payable as follows:
Salaries Payable=Salaries-FICA taxes withheld+Income taxes withheld+Medical insurance deductions
Salaries Payable=$12,000-$900+$2,500+$450
Salaries Payable=$8,150
Therefore, journal entry to record the monthly payroll on April 30 would be as follows:
Debit Credit
Salaries $12,000
FICA withheld $900
Income taxes withheld $2,500
Medical insurance deductions $450
salaries payable $8,150
So, The journal entry to record the monthly payroll on April 30 would include a credit to Salaries Payable for $8,150
Answer:
the total product cost is $188,800
Explanation:
The computation of the total product cost is given below:
= Direct material + direct labor + Total manufacturing overhead
= $88,000 + $44,500 + $56,300
= $188,800
Hence, the total product cost is $188,800
We simply added the above 3 items to determine the total product cost
