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sergey [27]
3 years ago
5

Which of the following models is best suited to decide when given a set of destinations, what is the shortest route that allows

the salesperson to visit every destination and return to the starting place, considering that it would be too difficult and complex to get an optimal decision?a) Rational Modelb)Incremental Modelc) Satisficing Modeld) Garbage Can Model
Business
1 answer:
Vlad [161]3 years ago
5 0

Answer:

The correct answer is letter "C": Satisficing Model.

Explanation:

American economist <em>Herbet Alexander Simon's</em> Satisficing Model is an approach that focuses on making the most comfortable decision instead of the most optimal decision in order to accomplish a certain task. Besides, it aims to save the maximum amount of resources possible.

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Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w
Makovka662 [10]

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

4 0
3 years ago
What is the basic objective of monetary policy? What are the major strengths of monetary policy? Why is monetary policy easier t
Mars2501 [29]

Answer: The answers to the question are provided below.

Explanation:

The basic objective of the monetary policy is to achieve economic growth, full employment, and price stability in an economy. The major strengths of the monetary policy are its flexibility and speed when compared to fiscal policy. Monetary policy is faster to implement and brings about desired changes faster.

Monetary policy is easier to conduct than fiscal policy because:

• Monetary policy is implemented by independent monetary authorities. Therefore, unpopular decisions such as the increase of interest rates to decrease inflationary pressure can be used.

• Fiscal Policy is the use of taxation and government spending to control economic activities but it is difficult to get a department that is willing to have its spending cut in order to help the economy.

• Increasing taxes will always be unpopular among individuals and firms and increasin corporations and income tax may lead to supply side effects. For example, increasing income tax may lead to the reduction in the incentives to work.

Fiscal and monetary policies are both effective. In a deep recession and a liquidity trap, the fiscal policy can be more effective than the monetary policy because the government creates job, pays for new investment schemes, rather than relying on the use of monetary policy to indirectly motivate businesses to invest. Likewise, the monetary policy is also more flexible and faster.

4 0
4 years ago
Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:
Anika [276]

Answer:

correct option is B.$2,273

Explanation:

given data

purchased = $150,000

building = $100,000

land = $50,000

to find out

Tom's maximum depreciation for this first year

solution

we will apply here The mid month convention applies

and recovery period for Residential property =  27.5-year

maximum depreciation will be here as

maximum depreciation = $100,000 × 2.273%

maximum depreciation = $100,000 × 0.02273

maximum depreciation = $2,273

so correct option is B.$2,273

5 0
4 years ago
Which of the following people is functioning as a producer?
Natalija [7]

Answer:

D. Simon, who is baking a cake that will be sold in a bakery

Explanation:

Simon is the producer here because he is producing a product to sell on the market.

3 0
4 years ago
Xeon Inc., a maker of chocolate products, assigns its packaging and labeling to First Choice U.S.A., a firm that specializes in
Ray Of Light [21]

Answer:

c. outsourcing

Explanation:

Outsourcing -

It refers to the process of hiring another company , which is responsible for some external project or task , is referred to as outsourcing .

It can be a short term process of hiring , it may also require transferring the employees to another firm internally .

Hence , from the given scenario of the question ,

Hiring the packaging firm by another company , showcases the method of outsourcing .

5 0
3 years ago
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