Answer:
The correct answer is Escalation of commitment bias.
Explanation:
Commitment bias is the tendency to use a loss (of time or money) as an excuse to increase that loss.
Let's see an example. We pay a cinema ticket to see a movie and after twenty minutes we understand that it is unbearable; Now, since we have already paid, we decided to see it to the end. Curiously, in that decision we will not only have lost money, we will also have wasted time seeing something that has ceased to interest us from the beginning. The curious thing is that this bias is present in many areas of life. We can see it in those couples who stay together without anyone fully understanding why. It is as if so much time “invested” in the couple comes before the fact that they get along badly (and worse and worse). The same with a job, with a friend or with the study.
Answer:
very many, few
Explanation:
The monopolistic competition consists of many sellers offering differentiated products. There are minimal barriers to entry or exit of the industry. Advertising and marketing of products are high due to increased competition. No single firm has the power to set prices.
An oligopoly consists of few but large firms dominating a big market. There could be other smaller firms with a small percentage of the market share. Firms in an oligopoly market mat collaborate to look out new entrants. This market is characterized by heavy advertising, with firms offering either homogeneous or differentiated products. The objective of each firm is to maximize profits, which makes all the firm to set high prices.
Answer:
The answer is: b
Explanation:
Business cycles are the cumulative periods of expansion, contraction, recession and recovery in an economy. These periodic fluctuations can be observed via analysing the real output produced by a country within a specified period. These fluctuations occur in a period of 5 years or less. The aggregate demand- aggregate supply model is a macroeconomic model that examines the relationship between real output and prices. This model provides a basis of examining both short run as well as long run changes in a country's national output.
Answer:
the safety stock is 354
Explanation:
The computation of the safety stock is shown below:
= z × SD of demand during lead time
= z × [ ( SD of daily demand)^2 × Lead time + ( Demand × SDLT)^2]^0.5
= z × [ 144 × 10+ ( 100 × 3)^2]^0.5
= z × [ 1440+90000]^0.5
= 1.17 × 302.39
= 353.79
= 354
hence, the safety stock is 354
Employees who are ethically positive, honest, hardworking, and driven by principles of fairness and decency in the workplace, increases the overall morale and enhances the performance of an organization. A company that has established behavioral policies can improve its reputation and help ensure its long-term success.
