Answer:
b.it is best to ignore sunk costs and keep the bed & breakfast operating.
Explanation:
The owner of the store will face the mortgage cost wether the bed and breakfast is open or closed therefore it should be ignore in the short-term for the decision wether or not to keep the business open.
The business revenues are 6,000 while their cost 4,000 thie means there is a contribution of 2,000 then we subtract the mortage to get a loss 1,000
If closed the losses will increase to 3,000 asthe mortage expense would not disappear.
We should keep it open and look for ways to either sale or rent the space for a better gain than 2,000
Answer:Extend dates of employment to cover up periods of unemployment.
Explanation: Unethical practices are practices which are not confirming with moral Behaviors,they include shady practices to cover up certain conditions or abnormally which they feel will hinder them from achieving certain goals or targets.
Most Unethical candidates will go as far as extending their employment history to cover up for periods of unemployment,just for the selfish gains of getting employed.
Answer: 1. statement d
2. statement d
Explanation: This can be explained as follows :-
1.Government intervention should be done on those sectors that results in maximization of wealth. Private sector is the back bone of every economy's free market, thus, protecting private property is the correct option.
.
2. Issuing patent right to the inventor will result in monopoly by that particular producer and that too of a necessary commodity hence option d is correct.
Answer:
Your friend is not reasoning correctly
Explanation:
I'd say, since he admit to putting so much time and effort into psychology, there's simply no need to drop the course. So therefore, your friend is incorrectly reasoning.
Answer: A. Utility Patent
Explanation:
Generally speaking there are 3 types of patents including Utility, Design and Plant Patents.
The relevant patent here however is the Utility Patent.
Utility Patents enable the protection of a NEW and USEFUL process, product or machine. It is essentially meant to protect inventors and their invention from others who may seek to use the invention in any way without permission.
Algorithms fall under this patent as well and as such it is best that Monty uses it.
