Answer:
SUBSTITUTION BIAS
Explanation:
Substitution bias occurs when a customer decides to purchase a substitute of a good after the prices becomes cheaper than the goods they normally purchase. It rises as a problem in price index due to the fact that customers/buyers can decide to change or substitute goods at an instant because of changes in prices. In situations like this, customers tend to avoid the whole increase in prices by changing to cheaper substitutes. Substitution generally is a consumer changing or substituting an expensive product for a cheaper one due to changes in prices. This usually leads to inflation rate been overestimated or overstated. 
 
        
             
        
        
        
The implicit interest based on the information given is $165.
<h3>How to calculate the interest?</h3>
It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate 
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
Learn more about interest on:
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Answer:
1) completed and transferred 293,000
<u><em>Equivalent units under W/A method:</em></u>
EU materials     338,500
EU conversion  306,000
Explanation:
Beginning WIP                 33,000 
started and completed <u>260,000</u>
completed and transferred 293,000
Ending WIP                      65,000
EU under weighted-average methood:
complete and transferred plus percentage of completion ending WIP
293,000 + 65,000 x 70%  =  338,500
293,000 + 65,000 x 20%  =  306,000
 
        
             
        
        
        
Answer:
The correct option is E , laissez-faire
Explanation:
Option A,autocratic is not correct since the scenario painted an opposite scenario and autocratic approach to management means the manager tells the subordinates what to do.
Bureaucratic is when decision making is slow because many stakeholders are expected to jointly decide.
However,laissez-faire is an approach where subordinates are allowed to think out of the box and get tasks accomplished without manager's interference.