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Sunny_sXe [5.5K]
4 years ago
12

In the context of behavioral economics, the belief that outcomes that have not occurred in the recent past are more likely to oc

cur soon, and that recent outcomes are unlikely to be repeated in the near future is best referred to as the ________ fallacy.
Business
1 answer:
Step2247 [10]4 years ago
3 0

Answer:

Gamblers.

Explanation:

This is a belief by a certain people from a school of thought that something is likely to or not occur and this is seen to happen within a period of time. This belief carriers the said person to keep in line or stop within this period in his endeavours towards a particular goal or work. This is seen in human which try their chances a lot in gambling in the likes of casinos etc and also human to human risk. This fallacy can be seen when a team has won the coin toss for the last three games. So, they are definitely going to lose the coin toss tonight. Also the last time they spun the wheel, it landed on 12. So, it won't land on 12 this time.

You might be interested in
The practice of comparing a company with its prior performance or with best practices from other companies is called A. benchmar
KatRina [158]

Answer:

A. benchmarking

Explanation:

In companies; benchmarking is the good practice as it compares the company's business processes and performance metrics to industry. There are four types of benchmarking which are internal, competitive, functional and generic. Benchmarking always facilitate to seek the best practices of your competitor and learn it to implement or take strategic decisions. Based on the data and information which is derived from benchmarking; company can modified its strategies towards the achievement of objective to excel among competitors.

3 0
3 years ago
Why is a rigorous performance appraisal program a key part of the Teach for America<br> program?
Naddika [18.5K]

Answer: Please refer to Explanation

Explanation:

Teach for America is a Non-profit Organization founded in 1989 that aims to place teachers in schools that need it the most especially in low income areas.

The very rigorous performance appraisal program is done to ensure that the children being taught are benefitted in the most effective way.

Teach for America hopes to impart on the lives of the children, long lasting benefits that will take them very far in life. For thus reason they train recruits as much as possible to ensure that they are well armed to deal with any kind of situation that may arise while they are on duty. It is important to realize that a lot of TFA programs deal with kids from minority or lower income backgrounds and it is important to know how to relate with them and part of this training is for that. Children learn in numerous ways. The training therefore enables the recruits to know how to employ different educational methods to reach their to even the toughest of students and educate them.

4 0
3 years ago
Landis Company is preparing its financial statements. Gross margin is normally 40% of sales. Information taken from the company'
tatiyna

Answer:

$5,000= ending inventory

Explanation:

Giving the following information:

Gross margin is normally 40% of sales.

Sales= $25,000

beginning inventory= $2,500

purchases= $17,500

First, we need to determine the cost of goods sold:

COGS= 25,000*0.6= 15,000

Now, using the following formula, we can calculate the ending inventory:

COGS= beginning inventory + cost of goods purchased - ending inventory

15,000= 2,500 + 17,500 - ending inventory

5,000= ending inventory

5 0
3 years ago
On January 1, the Matthews Band pays $67,600 for sound equipment. The band estimates it will use this equipment for four years a
meriva

Answer: $14,985

Explanation:

Using the Units-of-Production method means that the asset is depreciated based on how many times it is used.

The formula is;

= ( Cost - Salvage Value)/Total Usage

= (67,600 - 1,000) / 200

= $333 per concert

Equipment depreciates by $333 per concert.

First year has 45 concerts;

= 333 * 45

= $14,985

8 0
3 years ago
A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is
Dafna1 [17]

Answer: A. a downward-sloping labor demand curve.

Explanation:

The labor demand curve is plotted with the quantity of labor demanded vs the real wages paid to labor. In a firm that is producing in a market with a diminishing marginal product of labor, the demand curve will be downward sloping to reflect that the more labor that a company has, the less it pays them.

This is because the extra labor is bringing in less additional revenue and so will need to be paid accordingly to reflect that as more labor is hired, the output decreases.  

8 0
3 years ago
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