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Nataly_w [17]
3 years ago
6

Bob DeSlob, CEO of Westlake Inc., had supported the development and distribution of the Super Widget, a product that is expensiv

e to make. The Super Widget failed to meet its expected sales. Bob, now, decides to invest more resources to produce and aggressively market the Super Widget, rationalizing that if he did not invest more in the product, what he has invested would be lost. Bob is engaging in:
A. sunk cost fallacy.
B. argumentum ad baculum.
C. argumentum ad hominem.
D. reductio ad absurdum
Business
1 answer:
nalin [4]3 years ago
3 0

Answer:

The correct answer is A. sunk cost fallacy.

Explanation:

In logic, the unrecoverable cost or fallacy of the Concorde is a fallacy that occurs when someone makes an investment that does not seem profitable and reasons as follows: I can not stop now, otherwise what I have invested so far will be lost.

This is true, of course, but irrelevant to the decision of whether one should continue to invest in the project. That is, the arguments to continue investing in the project should not be based on the fear of losing the investment but on the expectations of the operation of the project, both totally independent.

If there is no hope of any success for the investment, then the fact that one has already put a lot of money and effort does not justify having to keep losing it so as not to face the initial error. This occurs in people who do not know or can give up, because of the existing prejudice that if all the energy is put into something they will be able to overcome it. However, there may always be an unknown factor or unknown variable that could lead to failure indefinitely or irremediably.

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John owns 500 shares of stock in Catawba Box, Inc. The company has recently announced the results for the quarter. The company e
frutty [35]

Answer: Is not taxed

Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.

6 0
3 years ago
Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directl
AveGali [126]

Answer:

The correct answer is "$120,250".

Explanation:

The given values are:

Opening inventory

=  $38,500

Closing inventory

= $15,250

Purchases

= $97,000

Now,

The cost of materials used during the month of February will be:

= Opening Inventory + Purchases - Closing Inventory

On putting the estimated values in the above formula, we get

= 38,500+97,000-15,250

= 120,250 ($)

4 0
2 years ago
(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria
Kisachek [45]

Answer:

1. Political instability

2. High cost of taxation

3. Insecurity

4. Changes in law and policy

Explanation:

1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.

1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.

1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.

1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.

2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.

4 0
3 years ago
Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included:
olga nikolaevna [1]

Answer: $100,000

Explanation:

Financing activities are those that relate with how the company finances its operations and includes cashflows related to equity and long term liability.

The financing activities outflows here total:

= Payment of dividends to stockholders

= $100,000

The two other cashflows are considered investing activities.

7 0
3 years ago
At the beginning of the period, Utilities Payable equals $500. At the end of the period, Utilities Payable equals $700. If Utili
zalisa [80]

Answer: $1,300

Explanation:

Beginning Period for Utilities = $500

Ending Period for Utilities = $700

Expenses for the period = $1,500

Cash paid for the period =

$500 + $1,500 = $2,000

less ending period utilities bal =$700

= $2,000 - $700 = $1,300

Cash paid during the period is $1,300

4 0
3 years ago
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