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Ierofanga [76]
3 years ago
12

7) An example of the ________ problem would be if Brian borrowed money from Sean in order to purchase a used car and instead too

k a trip to Atlantic City using those funds.
Business
1 answer:
Roman55 [17]3 years ago
6 0

Answer:

The answer options for this question are as follows

A) moral hazard

B) adverse selection

C) costly state verification

D) agency

The correct answer is A) moral hazard

Explanation:

Moral hazard corresponds to opportunistic behavior where one of the parties seeks their own benefit at the expense of the other being unable to observe or be informed of their behavior.

Moral hazard appears in markets with asymmetric information. One of the parties has private information about their conduct while others cannot obtain this information.

Given this asymmetry, individuals take greater risks, make less efforts or take advantage of certain circumstances because they know that the cost of their actions will fall on other people.

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Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identifica
Dahasolnce [82]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.

We weren't provided with enough information to answer the requirement. But, I can give you the answer using simulated numbers.

<u>Under specific identification, the company calculates the ending inventory and cost of goods sold with the exact units that were sold or remain in inventory.</u>

For example:

Beginning inventoy= $15 per unit

Jan. 30: $17 per unit

Jan. 20: $16 per unit

Ending inventory= 370*17 + 5*16 + 15*15= $6,595

4 0
3 years ago
How do operations managers ensure quality and efficiency during the transformation process of inputs into outputs?
dusya [7]
<span>Key elements of an operations system (inputs, processes and outputs) in different ... of production and the quality of the finished products are determined therefore ... The process of transforming resourceinputs into finished goods and services ... can be added to the inputs and productivity gains made due toefficiency in the ...</span><span>
</span>
7 0
3 years ago
David's marketing research returned the finding that customers were staying away from his bookstore because of a lack of service
Anton [14]

Answer:

.A. knowledge

Explanation:

Business knowledge refers to an entrepreneur's understanding of customers' preferences, staff skills,  business operations and processes, and overall market trends. When expertly gathered, business knowledge is an essential reference point for decision making. The information is useful for continued business growth and identification of new opportunities.

Market research is one way of gathering knowledge. Before the study, David appeared to be unaware of his customer preferences. Lack of business knowledge can lead to the loss of customers and the collapse of a business. Business owners can also gain knowledge through employee and supplier networks.

8 0
3 years ago
The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha
scoundrel [369]
A = Pe^(rt) 
<span>A = 5e^(0.02)(8) = 5.87 billion </span>
6 0
3 years ago
Rational and Normative modes of decision making are used. Then intuition or gut feeling also play a role in this process. How do
Anna35 [415]

A manager, making decisions in real-life situations, strikes a balance between these ways to make quick but correct decisions based on systemic organizational vision and conceptual skills.

The manager's experience will help him to make decisions using rational and normative ways, and thus analyze what is the best strategy for effective decision making.

Conceptual skills refer to the manager's systemic view, which understands the organization as an integrated system and must involve a set of thoughts, processing and planning to improve the business.

Therefore, decision making must be taken in a rational and normative way according to the context of the situation that requires a decision, and it is up to the manager to use the best tool to make a decision aligned with the company's objectives and goals.

Learn more here:

brainly.com/question/4382381

5 0
3 years ago
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