Answer:
Myopic loss aversion
Explanation:
Loss Aversion is defined as the likelihood for individuals to strongly prefer making or avoiding losses over getting or acquiring gains.
Myopic loss aversion is simply defined as likelihood to look(focus) on avoiding short-term losses, even at the hands or expense of long-term gains. It is simply written as;
MLA = Loss aversion + mental accounting.
It is a kind of loss aversion that comprises mainly the idea that people do not see far enough into the future to invest in the right sense and as such life cycle hypothesis is forgotten or ignored.
Answer:
B) $4,200; $4,800
Explanation:
total delivery expense = $9,000
Dept. Y Dept. X
direct expenses $1,000 $0*
indirect expenses ($8,000 x 40%) ($8,000 x 60%)
<u> $3,200 $4,800 </u>
total delivery expenses $4,200 $4,800
*Since no direct delivery expenses were generated by Dept. X, no amount should be allocated. Indirect expenses are allocated based on the percent generated by each department.
Answer: Setting your own work schedule.
Explanation:
A major advantage of setting up a business is that the individual would no longer be under the control of any other person, therefore the individual can easily set a work schedule favorable to himself. The work schedule is the amount of time a worker is required to spend at his/her workplace. Nobody determines the work schedule for a business owner, apart from the business owner.
Answer:
Basic level
Explanation:
Obeying the law is the basic demand of constitution of any country from its citizens. It is basically following the general rules of being the citizen of country.
Ethical behavior is about being morally right in your actions, it is no where defined properly what is ethical, sometimes even unethical behavior does not count in illegal behavior.
As for example if my colleague asks for a pen, and I do not help him, even though I have extra pen, is unethical behavior but it is not illegal.
But since it is unethical it is not correct morally, although all the legal actions are ethical.