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Questions is incomplete. It's last line is: *Jim's decided to get dinner worth that amount*
Answer:
- Alexander's Loss Aversion
- Jim's Mental accounting.
Explanation:
Loss Aversion: Some people are always frightened of losing and always try to avoid it by making irrational decisions which make their sufferings worst. <em>This</em> <em>scenario</em> is the example of loss aversion where the focus on gains is lost but all they see are failures.
- <em>It is a common decision-making mistake people go for during which they will not leave until the loss is not realized </em>
In Alexander's case: He is trying to avoid losses and hoping that his investment would be saved although, the company he has invested in will soon go bankrupt. He should realize that before it gets too late and end up his sufferings.
Mental Accounting: It refers to the spending behavior by which people categorize the money they have often without logic.
For example: A person monthly earning is $40, but suppose he gets only $30 for whatever reason, and he has to pay rent which is $35. So he is 5 dollars short but he had decided that he will eat chocolate worth $5 next month, so he will go for that chocolate even if he is short.
In Jim's case: He got $50 which he didn't have before, he could have used it for better purposes, than going to a dinner. Because he didn't have that amount before that.
Answer:
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Explanation:
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Answer:
C. multidomestic
Explanation:
In a multidomestic international operations strategy, foreign branches of a multi national corporation decide their own strategy as per that country's needs, tastes, traditions and culture.
In such cases, the strategies adopted at branches could be entirely different from those employed by the parent company.
Such a strategy ensures a greater degree of independence or autonomy and at the same time, allows delegation of authority to the lowest level i.e decentralization.
Delegation refers to assigning of authority by a superior to his immediate subordinate. When delegation is carried out to the lowest organizational level, it is referred to as decentralization.
Answer:
core process
Explanation:
The core process refers to the process with a collection of linked and interrelated operations which convert a program input into a consumer productivity with extra value.
It is the conversion of individuals, cash, components or data which is the organization's valuation-added work. These process are those procedures through which the institution generates its most important value-added transitions for the clients.
If a corporation tries to improve its procedure and effectiveness, it must always initiate from the core procedures and start by defining the consumer importance and advantages. Businesses often overlook this simple idea, and concentrate on those procedures that do not give clients the fundamental value.