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andreev551 [17]
3 years ago
8

Question 6 you are part of a group making a decision about whether it is appropriate to discontinue research on a new drug. this

new drug would save lives, but it is uncertain whether you can develop it within a reasonable time frame and at a reasonable cost. your firm has already spent a small fortune on this drug. you have gathered so much information in preparation to making the decision that you are unable to sort the good information from the superfluous data. you just feel that this project has merit. what form of decision making are you using if you decide to continue the project on the basis that the project has merit? compulsive intuitive rational satisficing compelling
Business
1 answer:
Mila [183]3 years ago
8 0

Such a person would be making an intuitive decision.

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3 years ago
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
Trava [24]

Answer:

B. Real wages for university employees will rise.

Explanation:

Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.

The amount of money available in real terms is more than the actual money, held by the employees earlier.

This is all because the actual increase in inflation rate is less than the increase in salary of employees.

8 0
3 years ago
Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
Alenkinab [10]

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d) variability

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Alex's business is seasonal because it only becomes profitable during the summer months, while the other three seasons represent a net loss for him.

6 0
3 years ago
Johanna has been asked by the department manager to prepare a SWOT analysis on two of the company's products. In which step of t
Stella [2.4K]

Answer:

The options for this question are the following:

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B. establish the mission

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Explanation:

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The traditional evaluation procedure responds to content-based education. It is based on forms of institutionalized obedience and tends to lead the educational process to the school routine and the use of coercive measures, thus impeding the search for critical and creative thinking.

3 0
2 years ago
For most normal goods the income effect and the substitution effect work in the same direction; so when the price of a good fall
bezimeni [28]

Answer:

The income effect and substitution effect work in opposite directions and income effect is dominant.

Explanation:

In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.  

The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.  

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A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.

8 0
2 years ago
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