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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.

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Suppose that an economy's labor productivity fell by 3 percent and its total worker-hours remained constant between year 1 and y
11111nata11111 [884]

Answer: 1. real GDP declined.

Explanation:

If labor productivity fell yet the workforce did not increase, that means that for Years 1 and 2, workers were producing less than they were producing before because the same number of people were producing.

This means that the amount of goods produced in the country would reduce and therefore GDP would reduce as well as GDP is the amount of goods and services produced in a country. If labor productivity had fallen yet the work-hours had increased, the increase in worker hours would have made up for the loss of labor productivity.

6 0
3 years ago
An increase in the supply of a product would most likey be caused by
11Alexandr11 [23.1K]

An increase in demand.

8 0
3 years ago
Read 2 more answers
A document that authorizes a supplier to deliver a product or service is known as.
Alecsey [184]

Answer:

purchase order

Explanation:

a document that authorizes a supplier to deliver a product or service is known as a purchase order is the purchased cost of goods from outside suppliers cost of goods sold is used when requirements are well understood and there is common agreement between supply chain partners about what certain terms mean

6 0
2 years ago
Read 2 more answers
On January 1, 2019, in a merger transaction, Maxi Company paid $371,000 in cash for 100% of the outstanding common stock of Mini
boyakko [2]

Answer:

$224,000

Explanation:

Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000

The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.

8 0
3 years ago
Determine whether or not the Populist Movement was a success. Explain your reasoning.
Yanka [14]

The Populist Movement was a <u>total success</u>.

<h3>What was the Populist Movement?</h3>

The Populist Movement was an agrarian-based movement that championed the cause of the people versus the elite.

Based on what they were initially able to achieve, the Populist Movement was successful to a large extent as it created the opportunity to end the oppression of farmers and other agrarian workers, contributing to democratic norms.

Thus, the Populist Movement was a <u>total success</u>.

Learn more about the populist movement at brainly.com/question/1619680 and brainly.com/question/14560942

4 0
2 years ago
Read 2 more answers
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