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Phoenix [80]
3 years ago
8

Gregory was talking with tom, his assistant manager, saying, "when i make a decision on which employee to pick to do a project,

i use three simple factors, which i call my decision making "rules of thumb." i consider their attitude and knowledge, and how hard they work." gregory's rules of thumb, which he uses in decision making, are known as _____.
Business
1 answer:
ivanzaharov [21]3 years ago
8 0
The answer to the question above is "heuristic" which is the rule of thumb used by Gregory in decision making. The heuristic is a simple rule of individual's mental processes through the development and learning. Gregory considers employees' attitude, knowledge, and hard work for the basis of his decision making. These are the developments and learnings of the employee which are the heuristic aspects<span>.</span>
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One policy response to the u.s. economic slowdown of 2001 was tax cuts. this policy response can be represented in the is–lm mod
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Policy response can be signified in the IS-LM model by instable the IS curve to the right. The IS-LM model is a viewpoint for a macroeconomic ideal that displays how the market for economic goods interrelates with the loanable assets market or money market and it is signified as a chart in which the IS and LM curve interconnect to display the short-run.
6 0
4 years ago
Greg eats pizza every day of the week. The marginal utility of pizza will most likely ________ by the end of the week, and all e
KatRina [158]

Answer:

decline and diminishing marginal utility

Explanation:

According to the law of diminishing marginal utility,  when a person consumes more and more units, the marginal utility arises from each additional unit goes reduced as marginal utility is an additional unit derived.

According to the given situation, grey eats pizza every day so the marginal utility goes decline that indicates the law of diminishing marginal utility

8 0
4 years ago
The ________________ effect holds that as the price level increases, the buying power of wealth that people have stored up in ba
MrRissso [65]

Answer:

The Wealth effect...........

5 0
3 years ago
Read 2 more answers
Shelhorse Corporation produces and sells a single product. Data concerning that product appear below:
zloy xaker [14]

Answer:

See explanation section.

Explanation:

Requirement 1

At first we have to find the original net income.

                              Shelhorse Corporation

              Contribution format income statement

              For the year ended, December 31, 20YY

Sales Revenue (6,100 × $260) = $1,586,000

Less: Variable expense (6,100 × $91) = $555,100

Contribution Margin = $1,030,900

Less: Fixed Expense  $366,000

Net Operating Income = $664,900

Requirement 2

As the marketing manager believes that a $23,000 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales, the new sales volume = 6,100 + 150 = 6,250 and new fixed expense = $366,000 + $23,000 = $389,000

                          Shelhorse Corporation

              Contribution format income statement

              For the year ended, December 31, 20YY

Sales Revenue (6,250 × $260) = $1,625,000

Less: Variable expense (6,250 × $91) = $568,750

Contribution Margin = $1,056,250

Less: Fixed Expense  = $389,000

Net Operating Income = $667,250

The effect on the company's monthly net operating income of this change =  $667,250 - $664,900 = $2,350

5 0
4 years ago
To derive a market demand curve from individual demand curves, it would be necessary to:
lbvjy [14]
<span>To derive a market demand curve from individual demand curves, it would be necessary to sum the curves horizotally ,adding quantity demanded at each price.the market demand is the sum of the individual quantities demand at each price</span>
3 0
3 years ago
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