True, it may be searched for keywords
Joint costs are irrelevant in decisions regarding what to do with a product after split-off.
The reason for this answer is because they are not relevant for the decision to either sell or to process further.
The costs are the same. It does not matter if you are to sell at a split off or not. We can then regard it as either a past or sunk cost. In summary it means that they have being paid off already.
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Answer: Ford has many production processes.
Explanation:
The production process for Ford is concerned with the transformation of its range of inputs into a wide variety of vehicles for individuals, firms, governments, schools etc etc that are wanted by the market.
The vision of Ford Production System is a flexible, disciplined and lean production system which involves a set of processes and principles, that employs groups of people capable and empowered to working together and learning for the achievement of the organizational goals.
Any production process consists of a series of links that are in a production chain. Since Ford has a very broad variety of vehicles, the company has many production processes.
Answer:
Framing effects.
Explanation:
Framing effect in psychology is the cognitive bias whereby an individual makes decisions based more on the information presented than on one's own choice. In other words, when someone makes a decision that is influenced more by the effects of the information on others than on one's own opinions.
In the given scenario, Josh's decision to have tiramisu only when others are having dessert and not if he would be the only one having dessert is affected by the framing effect. This is because his decision is influenced by the way others behave rather than his desire to eat even his favorite dessert.
Thus, the correct answer is the framing effect.
