Intellectual Property Rights allow for individuals or companies to maintain control and ownership of certain concepts, ideas, words, or works that are the result of creations of the mind. This allows for musicians, artists, inventors, and others to own, control, or have certain rights to things they have created. An example would be the intellectual property rights over a piece of music that was made my a composer so that it can not be performed without their consent and most likely payment for the rights to perform it. Another example might be the rights that a company has over a certain phrase that it uses to market its goods. Intellectual property rights provide incentives for individuals working in creative fields to retain rights and ownership to things they create so they are not stolen once the idea is released into the public.
Answer:
Rationality assumptions state that people do not knowingly take the decisions that may incur a loss to them. These are the decisions taken on the self-interest and self-motivation of the decision-maker.
Bounded rationality basically tones down a lot of the assumptions that go into homo economicus. Satisficers are a more diverse bunch, with unique tastes and preferences that change over time. Satisficers are not particularly good at making consistent decisions or predicting the consequences of their choices. They often decide things, not out of calculated self-interest, but for other reasons, social norms, ethics, fairness, love, peer pressure, and so on. Sometimes they even decide things on a whim, with little or no thought of the consequences.
Explanation: The assumption of bounded rationality suggests that people might use rules of thumb to guide their decision making because people can not examine every possible choice available to the. While the; rational choice theory states that individuals rely on rational calculations to make rational choices that result in outcomes aligned with their own best interests.
Answer:
d. classified as a common fixed expense and not allocated to the product lines.
Explanation:
In the case when the income statement is segmnented by the product line so the salary of the chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines
Therefore as per the given situation, the option D is correct
Hence, the same is to be considered
Explanation:
Postmodernism, also spelled post-modernism, in Western philosophy, a late 20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason; and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power.
Its main characteristics include anti-authoritarianism, or refusal to recognize the authority of any single style or definition of what art should be; and the collapsing of the distinction between high culture and mass or popular culture, and between art and everyday life.
Answer:
The mission statement answered the questions on what is our reason for being? while the Vision part answered question such as what do we want to become?