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SIZIF [17.4K]
3 years ago
15

In a recent meeting at​ work, Nick was asked to deliver the sales projections for the next month. Wanting to leave some room for

​ error, Nick stated he was 90 percent sure that they could meet the stated sales target for the following month. Nick is exhibiting​ ___________ bias.
A. confirmation
B. escalation of commitment
C. anchor
D. overconfidence
E. availability
Business
1 answer:
Savatey [412]3 years ago
6 0

Answer:

D. Over Confidence

Explanation:

Overconfidence bias occurs when an individual has more confidence than necessary given the fact. It is the tendency to hold a false and misleading assessments of our skills, intellect, or talent. It is an egoistic belief an individual expresses thinking he's better than he actually is. It's a false sense of their skill or self belief. Areas it's usually expressed is in timing optimism, like the one stated in the question, illusions of control and desirability effects.

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3 years ago
Select the correct answers. At which stage of the product life cycle does a product reach its peak in terms of sales and profits
Ostrovityanka [42]

Answer:

D. maturity

Explanation:

A product life cycle is divided into four, namely, introduction,  growth, maturity, and decline. The concept of the product life's cycle is used as a decision-making tool to help management know when to expand to new markets, increase advertising, adjust prices, or redesign a product.

The maturity cycle is the third stage of a product life cycle. At this stage, sales revenues and sale volume reach the peak. The market get saturated with very few new customers. The product growth becomes stagnant. Profits may begin to decline at this stage.

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3 years ago
Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by
Alecsey [184]

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

4 0
3 years ago
On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, f
nirvana33 [79]

Answer: $197,600

Explanation: Don Co is making a sale to Cologne GmbH and on the date of the transaction there is an exchange rate called the spot rate. Don Co will record in its books the value of the transaction on the set date at the spot rate which is:

200,000 euros @ .988

= $197,600

on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,[email protected] .995 = $199,000

Note that on the payment date, the exchange rate has gone up and now Don Co has a higher receivable value that what is in its book.

the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.

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3 years ago
You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in divid
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The answer is A ! Hopefully this help!
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2 years ago
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