The concept of diversity<span> encompasses acceptance and respect. It means understanding that we all have differences and we're all unique. </span>
These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.
The Rational Choice Theory states:
- A person will always make decisions to favor himself or herself
- Decisions are based on rational calculations
Despite this, individuals might make irrational decisions if:
- Emotions
- External factors
In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.
Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.
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Answer: $3865.8
Explanation:
The formula to find the simple interest is given by :-
, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.
Given : P= $1700 ; r= 9.8%=0.098 ; t=13 years
Then , the simple interest earned in 13 years will be :-
Now, the combined amount = P+I =$1700+$2165.8= $3865.8
Hence, the credit union would owe Heather $3865.8 in 13 years.
Answer:
r = 10.5%
Explanation:
Using Dividend growth model, we have the following equation:
P = D(1) / r - g
P: Stock price ($40)
D(1): Year end dividend ($3)
g: Dividend growth rate (3%)
r: required rate of return (Missing value)
By inputting numbers into the equation, we have:
40 = 3 / r - 0.03
--> r = 10.5%
Answer:
If there are two lawyers with similar experience and fees, you should make a decision by asking other lawyers for recommendations.