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Gnoma [55]
3 years ago
13

If a business manager decides to proceed with a course of action although the manager has information that suggests the need to

rethink the decision, the manager is being influenced by:A. anchor heuristicB. confirmation biasC. sunk cost biasD. Adjustment heuristic
Business
1 answer:
CaHeK987 [17]3 years ago
5 0

Answer:

C. sunk cost bias

Explanation:

Sunk cost bias can be better explained by a regular everyday situation: probably your mother (or sister, or aunt) bought a pair of shoes that she loves because they are gorgeous and expensive. Women have a tendency to self impose torture when it comes to gorgeous and expensive shoes, since they will insist on using them even if their feet are constantly in pain. When you ask them why they do it, they will always answer that she likes them so much and they were so expensive, that she has to wear them.

This same logic applies to stubborn managers that know that they are making a bad (or not so good decision), but since they already made a bad decision before, they will stick to their prior choice no matter what.

You might be interested in
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
Elenna [48]

Answer:

These are the options for the question:

market-based

communist

command

laissez-faire

mixed

And this is the correct answer:

mixed

Explanation:

A mixed economy is an economy that either:

  • Mixes state intervention with a free-market economy.
  • Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
  • Has coexistence of public enterprises and private enterprises.

In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.

The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.

8 0
3 years ago
Broker jill has an agreement with seller alice that says jill will receive compensation if anyone except alice sells alice’s hom
Nataly [62]
This kind of agreement is called EXCLUSIVE AGENCY.
Exclusive agency is a contractual agreement under which the listing broker acts as an agent and the owner agree to pay a commission to him if the property is sold through the effort of any person with the exception of the owner of the property.
5 0
3 years ago
To be productive in a nee job, which one of the following suggestions can you safely ignore?
RUDIKE [14]

In team assignments, make sure you speak first and act on your own.

4 0
3 years ago
Taxes a distort incentives and this distortion causes markets to allocate resources inefficiently. b do not distort incentives,
RUDIKE [14]

Answer:

Letter a is correct. Distort incentives and this distortion causes markets to allocate resources inefficiently.

Explanation:

What happens is that when rates rise, it causes an imbalance in supply and demand, because at higher rates companies are forced to raise prices to offset tax costs, so the pass-through of consumer prices discourages consumption and as a consequence of less consumption, production also decreases, causing the inefficient allocation of market resources.

7 0
3 years ago
The amount of amount of deadweight loss as a result of the tax is:______
klio [65]

Answer:

D. $5,000

Explanation:

This deadweight in a lot of cases are seen to occur especially when demand and supply are not in equilibrium and in and in the above scenario, it is pegged at $5000. Therefore sometimes consumers experience shortages, and producers earn but they'd otherwise.

Taxes are also seen in the creation of deadweight loss because they prevent people from engaging in purchases they'd otherwise make because the ultimate price of the merchandise is above the equilibrium value. If taxes on an item rise, the burden is commonly split between the producer and therefore the consumer, resulting in the producer receiving less cash in on the item and therefore the customer paying the next price.

3 0
2 years ago
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