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77julia77 [94]
3 years ago
6

Whereas decision-making is perceived as ______ within the finding approach, decision-making is thought to be ______ in the build

ing approach.
Business
1 answer:
ipn [44]3 years ago
5 0

Answer: Risky; Uncertain

Explanation:

In making decisions, we are often faced with a lack of certainty which can be categorized into risk and uncertainty.

Risk occurs when an individual  in trying to make a decision subjectively judges a task or decision based on incomplete knowledge and information about the  task or decision and still able to carry such task by weighing probabilities that may result from the possible outcome of such task  

Uncertainty on the other hand is a state in which the individual making a decision does not have the right  information to enable him  make reasonable  and logical approach to probability assessments

Decision-making is perceived as risky within the finding approach, decision-making is thought to be uncertain in the building approach.

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Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $3,000. For each of the next 5 y
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Answer:

Mark Johnson

At the end of six years, Mark will have:

= $26,945.

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a) Data and Calculations:

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Interest rate = 9%

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                    Year 1       Year 2      Year 3     Year 4      Year 5     Year 6

Savings      $3,000       $3,120     $3,245    $3,375     $3,510     $3,650

FV factor      1.677           1.539        1.412        1.295       1.188         1.090

FV =            $5,031       $4,802    $4,592    $4,371       $4,170     $3,979

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Total principal contribution = $19,900

Total interest = $7,045

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