Answer:
The correct answer is the last option: Escalation of commitment.
Explanation:
To begin with, the concept known as "Escalation of commitment" in the field of business management and behavioral science refers to the behavioral pattern that an individual has when it faces against a bad decision or situation and after that the person continues to having the same behavior so therefore it stays believing the same even though the increasingly negative outcome keeps on coming. That is why that in this case presented, Jake believes that at the long term the new product will have success even thought that now only bad numbers have been shown to the company.
Answer:
C. 30 comma 000 units
Explanation:
Inventory to be produced = Sales +ending inventory - Beginning inventory
= 26,000 + 8,000 -4,000
=30,000 Units (Answer is C. 30 comma 000 units ).
Answer:
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Explanation:
There are two types of international trades, import and export
Import refers to the trade where the principal country buys goods from another country and takes goods.
Export refers to the trade in which the principal country sells goods from own country and send to the buyer country.
Here principal country is the country of concerned person Mike that is US
Since he purchased he bought goods i.e. Olives from Greece into US.
That means he made a import.
With this US import rises by $1000,
Further net exports = Total export - Total import
Since with this transaction total imports increased by $1,000 net exports will decrease by $1,000
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Answer Explanation:
Operating leverage is the degree to which a firm is able to increase its income by increasing its revenue which is based on its fixed cost.
Economies of scales is the increase in output with the decrease in per unit cost.
In the question it states that a company has high operating leverage and operating at near capacity which means the company is using more fixed assets in comparison to its current assets. If the company uses more fixed assets which is by increasing sales volume then the economies of scales will be hindered because economies of scales is best utilized with fixed capital. Therefore, with the increase in sales volume the cost of per unit fixed assets will decrease, disturbing the economies of scales and resulting in decreasing economies of scale.
Answer:
B. Cooking dinner for some friends.
Explanation:
Opportunity cost is the cost of <u>next best alternative</u> sacrifised while choosing an alternative.
Eg- If I like Chapati more than rice, rice more than bread - opportunity cost of chapati is only rice & not bread.
If my preferences are 1 > 2 > 3 ; {'>' implies 'preferred over'}
Then the opportunity cost of my 1st preference i.e going out to movie & dinner is the 2nd best preference i.e Cooking dinner for some friends.
Hamburger at base ball game i.e 3rd preference is opportunity cost of 2nd preference i.e Cooking dinner for some friends.
