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SpyIntel [72]
3 years ago
13

When a human resource staff at Big Bend Inc. reviewed bids for running their employee assistance program, one company stood out

with a sophisticated presentation that left everyone impressed. As they did their due diligence, the managers found that the company did not have a stellar reputation, often missed deadlines, and frequently promised more than it could deliver. Still, there was that wonderful presentation and most of the managers gave higher ratings to that company that was hired. What error have these managers made?a. Being influenced by datab. Perpetuating the status quoc. Seeking to defend prior decisionsd. Justifying past decisionse. Being influenced by initial impressions
Business
1 answer:
hodyreva [135]3 years ago
6 0

Answer:

E. Being influenced by initial impressions

Explanation:

It is well known and practically proven that initial or first impressions have long-lasting effects. This is clearly seen in the scenario presented before us. The managers at Big Bend Inc. were thoroughly impressed by the wonderful presentation of the company such that even when the company's gross incompetence was uncovered, the managers opted to still choose the aforesaid company

The managers decision was not influenced by data, because the data clearly showed the company's incompetency but yet they were chosen. Hence, <u>option A is wrong</u>

The managers decision was not perpetuating the status quo, because this company had a bad reputation but they chose them nonetheless. Hence, <u>option B is wrong</u>

The managers were not seeking to defend prior decisions, their decision was based solely on the wonderful presentation. Hence, <u>option C is wrong</u>

The managers were not justifying past decisions, their decision was based solely on the wonderful presentation. Hence, <u>option D is wrong</u>

The managers decision was based solely on the wonderful presentation. Hence, the error made by these managers is apparent. Hence, <u>option E is correct</u>

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Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up fro
Mazyrski [523]

Rule I is correct.

<u>Explanation:</u>

Year Cash flow Pv at 8% Discounted cash flow

0           100000              1         100000

1            26000              0.9259 24074.074

2            26000               0.8573 22290.809

3             26000         0.7938 20639.638

4             26000      0.7350 19110.776

5             26000       0.6806 17695.163

From the above calculation, the net present value is $203810.46

          Option 1   Option 2

NPV 203810.5 200000

Payback    5 years   0 years

IRR             No IRR No IRR

NPV (Net present value) option say that former would be selected

So, answer is Rule I only.

5 0
4 years ago
Third national bank has reserves of $20,000 and checkable deposits of $200,000. the reserve ratio is 10 percent. households depo
irga5000 [103]
Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?

Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
6 0
3 years ago
Suppose the quantity of burgers is measured on the horizontal axis and the quantity of bags of French fries is measured on the v
frosja888 [35]

Answer:

d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve

Explanation:

Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.

An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.

In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction

6 0
3 years ago
Stock may be described as:_________
nydimaria [60]

Answer:

a. an ownership interest in the corporation.

Explanation:

Stock refers to the stake of the owners of a corporation in the company.

It is sometimes referred to as shares or owner's equity and the owners of stock are called shareholders.

Stock therefore may be described as an ownership interest in the corporation represented as equity in the financial statement.

Option a is right.

5 0
4 years ago
In 2019, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The
Lady_Fox [76]

Answer:

FUTA tax due from the corporation is $108

 

Explanation:

The First and Second employee earned 7000 each

The Third employee earn earns 4000

Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972

How much FUTA tax is due from Willow Corporation for 2019?

Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:

=(6% of 18000) - $972

=1080-972

=$108

5 0
3 years ago
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