Given that <span>Tracy
enters a car dealership interested in buying a new car. Immediately she
is greeted by a salesman offering her water or soda and a cookie.
The
salesman is likely relying on the reciprocity social norm to help persuade tracy to
buy a car.
</span>R<span>eciprocity is a social norm of responding to a positive action with another positive action, rewarding kind actions.</span>
Answer:
Y=$160,000+$26.50X
Explanation:
Variable Cost = $26.50
Fixed Cost = $160,000
cost formula would you estimate using the high-low method : Y=$160,000+$26.50X
Answer:
true
Explanation:
CVP analysis IS that all costs can be classified as either variable or fixed.
Answer:
Times of maximum fear is the best time to buy stocks, while times of maximum greed are the best time to sell.
Explanation:
<u>Behind the truism is the tendency of the markets to overshoot on both the downside and the upside. Part of the reason is a pure herd instinct that drives stock prices. The investor who takes an unbiased look at the market might be able to see the herd instinct at work and take advantage of the extreme ups and downs that it causes. That investor can buy low and sell high.</u>
<u>Unfortunately, it's easy to determine after the fact whether a price was too low or too high and even why. During the moment, it is monumentally difficult. Prices both affect and reflect the psychology and emotions of market participants.</u>
<u>For this reason, "buy low, sell high" can be challenging to implement consistently. Traders trying for a more objective view consider other factors to make a more informed decision. These factors include moving averages, the business cycle, and consumer sentiment.</u>
Answer:
Explanation:
The profits of a company may be used to invest in equipment, land or some other capital as a one time purchase.
the company may anticipate that they will not make a profit in the following year so they need the current year profits to absorb that loss.
