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tester [92]
2 years ago
15

Hugh buys a new calculator for $125 from the PaperMills stationery store. A week later, he sees an ad from another stationery st

ore, StationMax, selling the same calculator for $65. Hugh feels guilty about having wasted so much money on the calculator but justifies his action by saying that StationMax items are always of poor quality. In the context of attitudes, Hugh's statement reflects an attempt to reduce his
Business
1 answer:
tamaranim1 [39]2 years ago
8 0

Answer:

Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.

Explanation:

Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.

Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.

This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.

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What is the distinction between​ cross-sectional data and​ time-series data?
AleksAgata [21]

Answer:

B. ​Cross-sectional data provides information about economic behavior at an instant in​ time, while​ time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

4 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $
brilliants [131]

Answer:

The correct answer is D: $13

Explanation:

Giving the following information:

Cost per Unit Cost per Period:

Direct materials $ 6.20

Direct labor $ 2.80

Variable manufacturing overhead $ 1.45

Fixed manufacturing overhead $ 12,000

Sales commissions $ 1.00

Variable administrative expense $ 0.55

Fixed selling and administrative expense $ 4,000

Price= 25

Contribution margin= Price - variable costs

Variable costs= direct materials + direct labor + variable manufacturing overhead + sales commissions + variable administrative expense

Variavle costs= 6.20 + 2.80 + 1.45 + 1 + 0.55= $12

Contribution margin per unit= 25 - 12= $13

4 0
3 years ago
Effective reading involves what four steps? Select one: a. Preparing, reading, capturing key ideas, and reviewing. b. Preparing,
lidiya [134]

Answer:

Preparing, reading, capturing key ideas, and reviewing.

Explanation:

8 0
3 years ago
Consider the following three items: CQ, EI, and AP = PP + S – T. How might you to achieve improved outcomes for groups that have
il63 [147K]

Answer:

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
  • making the group understand the organization's structure therefore it makes the group culturally intelligent

How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure

Explanation:

Note :

CQ = cultural intelligence

EI = emotional intelligence

AP = actual productivity

PP = potential productivity

S = synergy

T = performance threats

How to achieve improved outcomes for groups that have specific set of objectives focusing on how the concepts can be used to make a difference across the group

  • making each member of the group understand each other emotionally and their ways of performing tasks
  • making each member of the group understand their importance in the entire production process
  • making the group members aware about the importance of optimum utilization of resources and avoid wasting resources  while working
  • making the group understand the possibility of achieving good performance by eliminating work threats
  • making the group understand the organization's structure therefore it makes the group culturally intelligent

How you can improve positive influences and especially preempt or limit negative sentiments

  • increasing the dependency culture among each other so they learn to work with each other in harmony.
  • creating friendly relationships between employees and also between employees and employer
  • making the employees understand and practice proper organizational culture so that they can work judiciously following the organizational structure
5 0
3 years ago
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