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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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A family you are working with speaks English, but their native language is Korean and they have stated that it is much easier fo
ch4aika [34]

Answer:

informed consent

Explanation:

Based on the information provided, this is a violation of informed consent. This is because informed consent can only be granted when the individual signing the consent forms COMPLETELY understands and accepts the information presented in the forms. In this scenario, the family may speak English but since their native language is Korean and the consent forms are not offered in Korean there is a large possibility that some of the information may not be fully understood by the family. Thus they are not fully informed when signing.

7 0
3 years ago
Money provided by a third party to help students meet the costs of attending college. It can be provided by various agencies inc
artcher [175]

Answer:

Financial aid.

Explanation:

For American citizens, the dream is of going into higher education. but the tuition cost is very expensive as not everyone can offered such expensive fees for enrolling into a course. The different course has different fees. For supporting the people in their financials, many organizations like public, state, financial institutions help them.

So here in the given scenario, the financial aid is the best option fitted.

7 0
3 years ago
What kind of value chain can be described as purchases being made by the retailer from the manufacturer and then the retailer se
shepuryov [24]

Answer:

D. Manufacturer to wholesaler to consumer

Explanation:

I had the same quiz question and I chose that one. May not be correct though

7 0
2 years ago
The plaintiff in a product liability lawsuit has suffered $100,000 worth of damages from an automobile accident. A defect in man
OleMash [197]

Answer:

$60,000

Explanation:

Data provided in the question:

Damages suffered by Plaintiff from an automobile accident = $100,000

Responsibility of manufacturer in the accident = 60 percent

Responsibility of plaintiff in the accident = 40%

Now,

Under the doctrine of contributory negligence

The manufacturer will pay

= Damages suffered × Responsibility of manufacturer

= $100,000 × 60%

= $60,000

5 0
3 years ago
Service companies and notminusforminusprofit organizations​ ________. A. can use CVP by focusing on measuring the​ organization'
frutty [35]

Answer:

A. can use CVP by focusing on measuring the​ organization's output

Explanation:

Service companies and not-for-profit organizations​ can use CVP by focusing on measuring the​ organization's output.

Cost Volume Profit Analysis bothers on the profitability of company's output, whether it be a product manufacturing company or a service-rendering company.

In the case of a service company, Cost Volume Profit will be computed as: Profit = Service Price - Cost to provide service.

4 0
3 years ago
Read 2 more answers
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