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Mice21 [21]
3 years ago
12

A shopper infers that a product must be of high quality because the manufacturer has been in business a long time. Which heurist

ic is this an example of
Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

The Compromise effect

Explanation:

Heuristic is a  modelling that explains the two fundamental ways of processing information while making up an opinion.

Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.

However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.

One of the effect as seen in the question is bias attitudes or the compromise effect.

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Tiny Corporation shows a balance in the unearned revenue account of $1,200 at the end of the month. It is determined that $500 o
Thepotemich [5.8K]

Answer: The adjusting entry is to DR Unearned Revenue Account with $700 and CR Earned Revenue Account with $700.

Explanation:

A reduction in the unearned revenue account implies that a portion of the unearned revenue has been earned.

Unearned revenue account is a liability account that warehouses revenue paid for but yet to be earned. A reduction in the liability means an income has been earned and recognised.

3 0
3 years ago
If the state of Washington's government collects $75 billion in tax revenues and total spending in the same year is $74.8 billio
d1i1m1o1n [39]

Answer:

b. budget surplus. 

Explanation:

A budget surplus is when income from taxes exceeds government spending .

The budget surplus = $75 billion - $74.8 billion = $0.2 billion

A budget deifict is when government spending exceeds income from taxes.

I hope my answer helps you.

7 0
3 years ago
If a game is not sold out, the marginal costs to a team accommodating one more fan is(a) Almost infinite.(b) Half the average ti
rosijanka [135]

Answer:

(c) Essentially zero.

Explanation:

The cost of accomodating one more fan in a stadium that is not at full capacity (the game is not sold out) is almost zero because the stadium has the infraestructure to accomodate hundreds or thousands of fans.

The only cost is probably cleaning after the fan in case he or she throws away something in in or around his or her seat.

4 0
3 years ago
Common forms of _____ used by consumers are car loans, home mortgage loans, and credit cards.
Lostsunrise [7]
ANSWER: CREDIT ACCOUNTS
5 0
3 years ago
Read 2 more answers
9) what is one downside of using a savings account instead of a checking 1pc
White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

<h3>What is meant by checking account?</h3>

Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.

Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

brainly.com/question/22857190

#SPJ1

4 0
2 years ago
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