False. I don't think that is true. If they are the ones hosting the party, and they hold the liquor, I think it's their responsibility.
~Silver
Answer:
The model defines how people should ideally make decisions.
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
The classical model of decision making is a strategic process which assumes that managers (decision makers) are well furnished with large amounts of information and as such are able to practically process the information for decision making.
When the classical model of decision making is said to be normative, this means the model defines how people should ideally make decisions.
Answer:
Option A will save her $4,500
Explanation:
Calculation to determine Which statement about the costs per year is true
First step is to calculate OPTION A cost per year
Option A Costs per Year
Work-Study $4,000
Tuition & Fees $10,000
Scholarship & Grants $7,000
Room & Board $11,500
Total $18,500
Second step is to calculate OPTION B cost per year
Option B Costs per Year
Work-study $4,000
Tuition & Fees $28,000
Scholarship & Grants $18,000
Room & Board $9,000
Total $23,000
Now let determine Which statement about the costs per year is true
Costs per year= $23,000-$18,500
Cost per year=$4,500
Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.
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Answer:
net revenue tends to increase.
Explanation:
unresponsive to changes in price of gasoline indicates that there will not be any impact on demand of gasoline whatever may be the change in the price.
Hence if gas station owner increases the price of gas, demand will remain same. Therefore, there will net rise in revenue for gas station.
Actually in such cases profit margin also increases as there is not any increase in production cost, per unit profit will increase as there is increase in per unit selling price. Hence it can be also concluded that net profit for gas station owner will also increase