Player 2 does not have a dominant strategy in this game.
What is dominant?
To be dominant is to exercise power. One male wolf in a pack engages in combat with the others, prevails, and rises to the position of leader. Dominus, which means "lord or master" in Latin, is where the word dominant originates. This is one of many names for God that you may be familiar with if you attended a Latin mass as a child. If you treat others as though you are their master, you are dominant. The word dominant can also be used to describe something frequent as well as typical. For instance, making calls was the primary function of cell phones when they first became available. Some people hardly ever make calls on their cell phones because they can do so much more now.
A dominant strategy is one that provides the best outcome regardless of what strategies the other player chooses. In this game, if Player 1 cooperates, then Player 2's best strategy is to also cooperate. However, if Player 1 cheats, then Player 2's best strategy is to cheat. Therefore, Player 2 does not have a dominant strategy because the best strategy depends on what Player 1 does.
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Answer: competitive inertia
Explanation: Competitive inertia or corporate inertia refers to a company that is rigid in its way of operations and refuses to change its way of thinking as per the changing norms in the industry.
In the given case, Cajemp inc. is refusing to start making building from concrete blocks in place of brick and mortar due to their positive past experiences.
Hence from the above we can conclude that the given case illustrates competitive inertia.
Answer:
A.
Explanation:
Your neighbor pays you $400 to not have the tree cut down
Answer: Chart of Accounts
Explanation:
Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.
To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts
Answer:
The computation is shown below:
Explanation:
The computation is shown below:
Current ratio = current assets ÷ current liabilities
where,
Current assets = cash + inventory + account receivables
= $500 + $300 + $200
= $1000
Current liabilities is
= $200 + $400
= $600
So, the current ratio is
= $1,000 ÷ 600
= 1.67 times
Debt Ratio is
= Total Liabilities ÷ Total Assets
= $600 ÷ $1,500
= 40%
TIE is Time Interest Earned ratio
= EBIT ÷ Interest Expense
= $5,000 ÷ $2,000
= 2.5
Profit margin is
= Net Income ÷ Total Sales
= $800 ÷$10,000
= 8%
And,
Total asset turnover is
= Sales ÷ Total Assets
= $10,000 ÷ $1,500
= 6.67
