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
Lemur [1.5K]
4 years ago
6

When Ford was slow to recall vehicles to fix a possible carbon monoxide leak, it was most likely due to ________, because Ford w

as convinced that the modifications made by police departments were the cause of the problem, not the manufacturing of the vehicle.
Business
1 answer:
Vladimir79 [104]4 years ago
5 0

Answer: Overconfidence bias

Explanation:

The options are:

a. overconfidence bias

b. hindsight bias

c. framing bias

d. escalation of commitment bias

e. sunk-cost bias

Overconfidence bias is when people or organization believe so much in their ability, knowledge, talent, or skills which invariably leads them to believe that they are better than the way they really are. It is an ego belief and can have a dangerous effect.

Ford was slow to recall vehicles to fix a possible carbon monoxide leak due to overconfidence bias as they believe that they are a force to be reckoned with and can't make such mistakes.

You might be interested in
All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam
ivann1987 [24]

Answer:

Place Marketing

Explanation:

Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.

7 0
3 years ago
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture
erica [24]

Answer:

cost of goods manufactured= $3,760

Explanation:

1.

We weren't provided with the list

2.

Direct materials: $2,600

Factory overhead: $510

Direct labor: $1,200

Beginning work in process: none (December 31, 2019)

Ending work in process: $550 (January 31, 2020)

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 2,600 + 1,200 + 510 - 550

cost of goods manufactured= $3,760

7 0
4 years ago
Rhonda received a voice message marked "urgent," but due to the poor quality of her phone's speakers, she was not able to unders
kap26 [50]
I think the answer is A
Hope this helps have a great night!
4 0
4 years ago
The absolute value of the price elasticity of demand for ground beef has been estimated to be 0.5. If mad cow disease strikes th
leonid [27]

Answer:

total expenditure would increase

Explanation:

the demand for ground beef is inelastic.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

As a result of the disease, the supply of ground beef would fall. this would lead to a hike in the price of ground beef. But since demand for ground beef is inelastic, the the fall in demand would be less than the rise in price, so total expenditures would rise.

4 0
4 years ago
Lindsay purchased a raffle ticket for $5. just before the grand prize drawing two people tried to buy her ticket. the first pers
xeze [42]
The correct answer is $65.00

Opportunity Cost alludes to an advantage that a man could have gotten, yet offered up, to make another decision. This cost is, in this way, most important for two fundamentally unrelated occasions. In contributing, it is the distinction consequently between a picked speculation and one that is essentially left behind.
6 0
3 years ago
Read 2 more answers
Other questions:
  • A department store has budgeted sales of 12,000 men's coats in September. Management wants to have 6,000 coats in inventory at t
    10·1 answer
  • DAR Corporation is comparing two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under P
    9·1 answer
  • Which of the following is a problem associated with using a "market basket" approach to calculate the CPI? a. Different people h
    7·1 answer
  • Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum
    9·1 answer
  • Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following b
    6·1 answer
  • WHOEVER ANSWERS THIS IN 2 MINS GETS BRAINLIEST!!
    12·1 answer
  • If inflation is anticipated to be 6 percent during the next year, while the real rate of interest for a one-year loan is 5 perce
    12·1 answer
  • What is a common axiom for information technology professionals?
    11·1 answer
  • Suppose the U.S. supply of loanable funds shifts left. This will Group of answer choices increase U.S. net capital outflow and i
    8·1 answer
  • What is the marginal income tax rate of a $5,000 raise for someone who currently makes $95,000 per year?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!