1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
il63 [147K]
3 years ago
11

Your city newspaper publishes a "Best of" poll that lists its readers' favorite restaurants. Mundo Bar and Grill is ranked as th

e best casual restaurant. Your best friend had dinner at Mundo Bar and Grill last week and commented that the food was mediocre and the service was slow. You decide not to have dinner at Mundo Bar and Grill based on your friend's experience. Your decision illustrates that people
a. are reluctant to change their minds.
b. are overconfident.
c. give too much weight to a small number of vivid observations.
d. are satisficers.
Business
2 answers:
jeka943 years ago
8 0

Answer:

The correct answer is the option C: give too much weight to a small number of vivid observations.

Explanation:

To begin with, in the case that a close friend had told you that he had a bad experience in a certain place, a restaurant in particular this time, does not states the fact that it will always be like that for every person that goes to that place because it may have been a bad day for the employees and that impacts at their work while if you go any other day every detail is taking care nicely. Therefore that the people give too much  weight to small number of vivid observations due to the fact that the article published in the newspaper must have been made with over dozens of observations and comments, not just one, and the major agreement is that those places are good ones to go to eat.

valina [46]3 years ago
4 0

Answer:

The answer is option D) My decision illustrates that people are satisficers

Explanation:

Satisficers are people who want good enough and n this case, the opinion of my best friend about Mundo Bar and grill helped in my decision making process.

Satisficers are individuals who are pleased to settle for a good enough option, not necessarily the very best outcome in all respects.

A satisficer is less likely to experience regret, even if a better option presents itself after a decision has already been made.He is a pragmatic individual who makes decisions based on meeting requirements in a timely manner, finding the “good enough” solution and moving on. The word is a portmanteau of the words satisfy and suffice.

Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met

You might be interested in
If a company's revenue is 50 billion usd a year, how much money does it make per hour
victus00 [196]
Company's revenue is 50 billion usd per year
money it makes per hour = ?
1 year = 365 days  and 1 day = 24 hours
so 1 year = 365 x 24 = 8760 hours
now divide 50 billion with 8760 hours
50,000,000,000 / 8760 = 5707762.557 usd per hour
7 0
3 years ago
Which factor determines who a society will produce goods and services for?
Firdavs [7]
Capitalism, Communism, and Socialism
8 0
2 years ago
Read 2 more answers
The "invisible hand"
Gala2k [10]
Not guarantee that resources will be allocated efficiently nor that there will be equality.
6 0
3 years ago
pre-writing is important for all of the following reasons except: a. it is where the ideas are generated. b. it gets ideas down
evablogger [386]

Answer: C it forces the writer to be specific early in the process

Explanation:

just did it

3 0
3 years ago
Read 2 more answers
The following information applies to the questions displayed below.
zhenek [66]

Answer:

Lobo Co.

Journal Entries:

Nov. 11 Debit Cash $7,875

Credit Sales Revenue $7,875

To record the sale of 105 razors for cash.

Nov. 11 Debit Cost of Goods Sold $2,100

Credit Inventory $2,100

To record the cost of goods sold for 105 razors at $20 each.

Dec. 16: Debit Cash $16,500

Credit Sales Revenue $16,500

To record the sale of 220 razors for cash.

Debit Cost of Goods Sold $4,400

Credit Inventory $4,400

To record the cost of goods sold.

Jan. 5: Debit Cash $11,250

Credit Sales Revenue $11,250

To record the sale of 150 razors for cash.

Debit Cost of Goods Sold $3,000

Credit Inventory $3,000

To record the cost of goods sold.

Adjusting Journal Entries:

Nov. 30: Debit Warranty Expense $630

Credit Warranty Liability $630

To record the warranty expense for November sales.

Dec. 9: Debit Warranty Liability $300

Credit Inventory $300

To replace 15 razors.

Dec. 16: Debit Warranty Expense $1,672

Credit Warranty Liability $1,672

To record the warranty expense for December sales.

Dec. 29: Debit Warranty Liability $600

Credit Inventory $600

To replace 30 razors.

Dec. 31: Debit Income Summary $2,302

Credit Warranty Expense $2,302

To recognize the warranty expense for the period.

Jan. 5: Debit Warranty Expense $900

Credit Warranty Liability $900

To record warranty expense for January sales.

Jan. 17: Debit Warranty Liability $1,000

Credit Inventory $1,000

To record the replacement of 50 razors.

Jan. 31: Debit Warranty Expense $100

Credit Warranty Liability $100

To recognize warranty expense for January sales.

2. The Warranty Expense for November is $630 and for December is $1,602.

3. The Warranty Expense for January is: $1,000

4. The balance of the Estimated Warranty Liability account as of December 31 is:

= $1,402

5. The balance of the Estimated Warranty Liability account as of January 31 is:

= $1,302

Explanation:

a) Data and Calculations:

Cost per new razor = $20

Retail selling price = $75

Expected warranty costs = 8% of dollar sales

b) Estimated Warranty Liability Account:

Nov. 30: Credit Warranty Liability  $630

Dec. 9: Debit Warranty Liability    ($300)

Dec. 16: Credit Warranty Liability $1,672

Dec. 29: Debit Warranty Liability  ($600)

Dec. 31: Balance                           $1,402

Jan. 5: Credit Warranty Liability    $900

Jan. 17: Debit Warranty Liability ($1,000)

Jan. 31 Balance                            $1,302

Warranty Expense Account:

Nov. 30: Debit Warranty Expense  $630

Dec. 16: Debit Warranty Expense $1,672

Dec. 31: Debit Income Summary $2,302

Jan. 5: Debit Warranty Expense $900

Jan. 31: Debit Warranty Expense $100

Jan. 31: Debit Income Summary $1,000

5 0
3 years ago
Other questions:
  • Players will be issued what color cards for fouls, depending on the seriousness of the penalty.
    10·1 answer
  • In most interviews (unlike typical conversations), the ratio of speaking turns is uneven. During a typical interview, the interv
    15·1 answer
  • Initially, Rhett believed he should maintain his production facilities within the United States and simply export his designer e
    5·1 answer
  • What is the total amount of adjustments on evies tax return
    13·1 answer
  • In Firm A, each division is a self-contained, largely autonomous entity with full responsibility for its own value creation acti
    8·1 answer
  • Crane Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial info
    6·1 answer
  • A
    8·1 answer
  • Which inventory report best shows non- turning items?
    7·1 answer
  • 1.1.11 Advise SM on the negative impact of the socio economic issues identified in QUESTION 1.1.10 (6 )​
    9·1 answer
  • All of the following are true about health insurance except:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!