1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
3 years ago
14

Please label each scenario below as to whether or not the person is acting rationally, making choices leading to the outcome the

y desire most. Steven's family is at a Korean restaurant. He orders some spicy barbeque pork, but it tastes terrible. They can't get a refund or replacement, so he leaves it uneaten. His parents are dismayed, as this is a better meal than they ever had growing up, but he sees no point in suffering more than he has. Steven is... Jacklyn obtains her first credit card. Since she sees its balance separate from her checking account, she spends $10,000 on designer clothes she can't really afford. She figures it's alright since she doesn't have to pay it until later. Jacklyn is... Brian's economics professor assigns online homework due at 11:55 PM. Although Brian cares about the grade more than anything else going on, he doesn't begin the assignment until 11 PM, even though previous ones took two hours. He doesn't expect this one to be any easier but figures if he's just more focused this time he'll finish with time to spare. Brian is...
Business
1 answer:
likoan [24]3 years ago
6 0

:Answer: Steven is Acting Rationally,

Jacklyn is Acting Irrationally, Brian is acting irrational

Explanation:

Rational behavior refers to a thoroughly thought out decision-making process that people make result in thier benefit alone

For irrational behaviours, choices are made without thinking thoroughly and do not benefit the individual.

Here, Steven acted RATIONAL by leaving the restaurant because the meal according to me does not taste well, he would rather leave than manage what is detrimental to him.

Jacklyn acted lRRATIONAL because she spends more than what she can, in the long run, this will not be beneficial to her.

Brian also acts IRRATIONAL because he reduces to do his assignment at the right time, knowing fully well the cons of behaving like this will not be beneficial to him.

You might be interested in
A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.
Gre4nikov [31]
A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.
3 0
3 years ago
While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had be
wlad13 [49]

Answer: D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable

Explanation:

Derek has to accept that by joining the tour group, he assumed some the risk of some elements of danger amongst them the bear attack.

Even though there had been no prior attack by bears in the mountain, a mountain hike still has some inherent danger in it and this includes bears. He cannot hold the tour company liable using this reason alone.

4 0
3 years ago
If property rights are not well enforced, all of the following are likely to occur except;_________
aleksandrvk [35]

Answer:

If property rights are not well enforced, all of the following are likely to occur except;_________

A. a significant number of people will be willing to risk their funds by investing them in local businesses.

Explanation:

Other options are likely to occur, except option A.  Investors cannot risk their capital investing in the local economy.  This is the fate of an economy where property rights are not protected.  This also underlines the need for each government to ensure that property rights are recognized and legally protected.

8 0
3 years ago
List three or four effects of financial irresponsibility.
Aleksandr-060686 [28]
Debt
Fraud
being broke
5 0
3 years ago
A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p
sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0
3 years ago
Other questions:
  • Janet reasons, "It is wrong to lie. However, it is okay to overstate my expense account on my recent business trip because I nee
    5·1 answer
  • A baseball team plays in a stadium that holds 58,000 spectators. With ticket prices at $10, the average attendance had been 27,0
    12·2 answers
  • Which of the following is NOT something that can be gleaned from a company's SWOT? How to improve a company's strategy by using
    7·1 answer
  • The long run aggregate supply curve is a vertical line. It is so because it has nothing to do with the price level. It is rather
    8·1 answer
  • Ahmed is a department head at Southwest City Hospital. He spends most of his time training and coaching employees to perform the
    5·2 answers
  • The Central Publishing Company is about to publish its first reference book in managerial economics. It is now in the process of
    7·1 answer
  • Which of the following is true? In a one-shot game, a collusive strategy always represents a Nash equilibrium. A subgame perfect
    14·1 answer
  • What is an organisation chart​
    9·1 answer
  • Why do we need for the Department of Homeland Security.
    5·1 answer
  • The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!