<span>
<span>Two.
Section 8 of the Clayton act clearly states that a person will not server as
a director or officer of two competing corporations in the same industry.
This situation is also known as 'interlocking directorates'. The enforcement
of this law does not only apply to individuals but to firms as well. However,
there are two major exceptions to this law. It does not apply to Banking,
banking associations and trust companies. It also does not apply in the event
that each of the firms in question lack capital, surplus and undivided
profits of $31,841,000 (adjusted annually) or more in that fiscal year</span></span>
Questions is incomplete. It's last line is: *Jim's decided to get dinner worth that amount*
Answer:
- Alexander's Loss Aversion
- Jim's Mental accounting.
Explanation:
Loss Aversion: Some people are always frightened of losing and always try to avoid it by making irrational decisions which make their sufferings worst. <em>This</em> <em>scenario</em> is the example of loss aversion where the focus on gains is lost but all they see are failures.
- <em>It is a common decision-making mistake people go for during which they will not leave until the loss is not realized </em>
In Alexander's case: He is trying to avoid losses and hoping that his investment would be saved although, the company he has invested in will soon go bankrupt. He should realize that before it gets too late and end up his sufferings.
Mental Accounting: It refers to the spending behavior by which people categorize the money they have often without logic.
For example: A person monthly earning is $40, but suppose he gets only $30 for whatever reason, and he has to pay rent which is $35. So he is 5 dollars short but he had decided that he will eat chocolate worth $5 next month, so he will go for that chocolate even if he is short.
In Jim's case: He got $50 which he didn't have before, he could have used it for better purposes, than going to a dinner. Because he didn't have that amount before that.
Answer:
B. Sharing a personal experience
Explanation: