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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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True i answered this question in class
8 0
3 years ago
Davis Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The follo
evablogger [386]

Answer:

$1,800

Explanation:

Calculation to determine the variable overhead efficiency variance

Using this formula

VOH Efficiency Variance = Budgeted VOH based on Actual - Budgeted VOH/Standard Qty

Let plug in the formula

VOH Efficiency Variance = ((16,000 * $1.80/hr) - ((5,000 * 3.00hrs/unit * $1.80/hr))

VOH Efficiency Variance = $(28,800.00 - $27,000.00)

VOH Efficiency Variance = $1.800

Therefore Using the four-variance approach, what is the variable overhead efficiency variance will be $1,800

8 0
3 years ago
Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 5.90%, and a maturity risk premium of 0.
never [62]

Answer:

the rate of return that expected on one year treasury security is 9.00%

Explanation:

The computation of the rate of return that expected on one year treasury security is as followS

= Risk free rate + average expected future inflation rate + maturity risk premium

= 3.00% + 5.90% + 0.10%

= 9.00%

Hence, the rate of return that expected on one year treasury security is 9.00%

Therefore the correct option is d.

And, the rest of the options are wrong

5 0
3 years ago
3. Which of the following occupations relate to a skill category of mathematics and data? Select
AURORKA [14]

did you ever get the right answers  if not


2 is D

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4 is educator nd lawyer

7 0
4 years ago
Proficient strategy executiona. is always the product of much organizational learning.b. is achieved unevenly, coming quickly in
iVinArrow [24]

Answer:

The correct answer is e. All of these choices are correct.

Explanation:

The efficient execution of the strategy depends to a large extent on competent personnel, more adequate competencies and competitive capacities, and an effective organization. Therefore, developing a capable organization is always a priority of strategy implementation.

There are three types of organizational development that are of utmost importance.:

  1. Select capable people for key positions.
  2. Ensure that the organization possesses the core skills, competencies, administrative talents, technical knowledge, competitive capabilities, and resource strengths it needs.
  3. Organize business processes, value chain activities and decision making in a way that leads to successful execution of the strategy.
6 0
3 years ago
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