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Anna71 [15]
3 years ago
14

Suppose that you hear about a friend who graduated from your college in performing arts. In addition, suppose that you judge tha

t she is more likely to be selling insurance AND actively participating in a community theater than she is to be selling insurance. You have committed a/an_______ .
Business
1 answer:
Radda [10]3 years ago
6 0

Answer:

The Conjunction Fallacy

Explanation:

Fallacy is used to describe a misleading or deceptive statement. The conjunction fallacy however is an error in which an individual believes that two different events or conditions happening cocurrence is more feasible than one of those event or conditions happening alone. In this case, the individual believes it's more probable that her friend is engaged in both selling insurance AND actively participating in a community theater than her just doing maybe the sales of insurance alone. Individuals with this reasoning error believes that conjunction of 2 conditions is more probable than doing one of those conditions.

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A fee paid by a borrower to the lender for the use of borrowed money
Stolb23 [73]

A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount). A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment.

5 0
3 years ago
Boston, Inc. applies manufacturing overhead at the rate of $40 per machine hour. Budgeted machine hours for the current period w
Luda [366]

Answer:

$580,000 underapplied

Explanation:

The computation of the ending overhead is shown below:

The applied overhead is

= Predetermined overhead rate × actual machine hours

= $40 × 90,000

= $3,600,000

Now the underapplied overhead is

= $4,180,000 - $3,600,000

= $580,000

So the ending overhead is $580,000 underapplied

5 0
3 years ago
Analyse and discuss the term ‘buyer motivation', in relation to innovative banking products and services.
yaroslaw [1]

Answer: Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item.

Explanation:

Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item. Every customer buying an item will consider a lot of things before getting one, although this varies compared to other person's. Some may buy out of a need, others a want, some panic buy. They all vary. Buying is more of a physiological thing than any other thing.

7 0
3 years ago
A company purchased a van at a cost of $42,000 and expects it can be sold for $6,000 after 120,000 miles of service. Assuming th
scoray [572]

Answer:

Annual depreciation= $7,200

Explanation:

Giving the following information:

A company purchased a van for $42,000 and expects it can be sold for $6,000 after 120,000 miles of service.

<u>To calculate the annual depreciation, we need to use the following formula:</u>

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles driven

<u>For 24,000 miles:</u>

<u></u>

Annual depreciation= [(42,000 - 6,000) / 120,000]*24,000

Annual depreciation= 0.3*24,000

Annual depreciation= $7,200

8 0
3 years ago
Direct Materials and Direct Labor Variance Analysis
ValentinkaMS [17]

Answer:

use socratic its in the app store

Explanation:

5 0
3 years ago
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