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Marizza181 [45]
3 years ago
15

Myopic behavior occurs when a manager takes actions that improve budgetary performance in the short run but bring long-run harm

to the firm. Which of the following items is NOT a possible example of myopic behavior? Multiple Choice
Promotion of deserving employees
Reducing expenditures on preventive maintenance.
Cutting back on new product development
Buying cheaper lower quality materials so that the company does not exceed the materials purchases budget.
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

The correct answer is letter "A": Promotion of deserving employees.

Explanation:

Myopic behavior is the result of top executives being under the pressure of meeting performance objectives in the short-run. Managers tend to cut expenses in an attempt of increasing earnings but this usually by shortening operations of the business.

<em>Avoiding to promote employees who deserve it is an example of myopic behavior practices. Increasing workers' salaries is not convenient for entities that want to achieve their performance goals.</em>

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Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 mill
SVETLANKA909090 [29]

Answer:

d. 1.0.

Explanation:

Four-firm concentration ratio is the ratio of the sales of the four largest firms in the industry relative to total industry sales. In industry B total sales is of $10 million and the top four combined have total sales of $10 million

Therefore, the four firm concentration ratio = $10 million/ $10 million = 1

Therefore correct answer is option B i.e. 1.0

7 0
3 years ago
A clothing manufacturing firm is deciding whether or not to invest in new machinery. The machinery costs $45,000 and is expected
Nostrana [21]

The present value of the cash flows is 51020.41

<h3>What is Compound Interest?</h3>

Compound interest, often known as interest on principal and interest, is the adding of interest to the loan or deposit principal. It occurs when interest is reinvested, added to the lent capital instead of being paid out, or the borrower is required to pay it, resulting in the next period's interest being generated on the principal amount plus any accumulated interest.

In the question it is given that:

Equipment cost $45,000.

first year's cash flow was $25,000

second-year cash flow $30000

5% interest is charged.

We are aware that the following relationship can be used to calculate the present value.

PV = FV X (1+r)^{n}

PV stands for present value, Future Value is FV, and the rate of interest is r.

Consequently, the present value is calculated as

PV = 25000 X (1+0.05)^{-1}  + 30000 X (1+0.05)^{-2}

⇒ PV = 51020.41

To learn more about compound interest visit:

brainly.com/question/13481659

#SPJ4

4 0
2 years ago
Mark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with
nevsk [136]

Answer:

$24,000

Explanation:

Calculation to determine How much taxable gain will Mark recognize from the sale

Mark allocated precontribution gain $20,000

($40,000-$60,000)

Add Post contribution gain $4,000

($60,000-$76,000*25%]

Taxable gain $24,000

($20,000+$4,000)

Therefore How much taxable gain will Mark recognize from the sale is $24,000

7 0
3 years ago
At Park Incorporated, employees are allowed one-hour lunches, but it has become common that most stroll back fifteen minutes lat
julia-pushkina [17]

Answer:

b. social

Explanation:

5 0
3 years ago
Raymond Vernon noticed that in the 1960s, the wealth and size of the U.S. market was a natural incentive to develop new consumer
Ksivusya [100]

Answer:

The correct answer is d) product life-cycle.

Explanation:

The life cycle of a product is the evolution of sales of that product during its permanence in a given market. Depending on the product and the sector, its useful life may be greater or lesser. In addition, other factors also influence such as the administration's policies in the area where the product is marketed.

A product since it appears in the market does not always maintain the same sales trend. There are fluctuations that have to do with demand but can also influence other issues such as those related to legislation.

With regard to demand, it can happen, for example, that a product goes out of style or is replaced by a new one that meets the needs of the former. E.g. Think of the music player market, how many have we met? From the walkman, through the discman, then the Mp3, Mp4, Ipod, and even the mobile phone as a player. We can say that the discman, for example, had a fairly short life cycle.

In this regard in Economics there is a theory that explains the stages through which a product passes with respect to its production and sales, it is known as the theory of the life cycle of a product. It was defined by the American economist Raymond Vernon who assured that every product or service undergoes a similar market evolution.

3 0
3 years ago
Read 2 more answers
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