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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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To find the value of a property using the income approach to value, if the net operating income and the capitalization rate were
mars1129 [50]

Answer:

c. divide the net operating income by the capitalization rate.

Explanation:

Income approach assumes that the earnings would be at the capitalization rate. Now, the net operating income is a result of operations and the income would be equivalent to the capitalization rate.

Thus, the net value of the property shall be net operating income/ capitalization rate.

This will calculate the total value of operations for which the business is done.

7 0
3 years ago
Total assets are $1,450, fixed assets are $790, long-term debt is $750, and short-term debt is $300. What is the amount of curre
Bad White [126]

Answer:

A. $660  

Explanation:

Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, land, equipment, furniture & equipment, etc.

And the intangible assets are trademarks, copyrights, goodwill, and so$66 on.

The computation is shown below:

= Total assets - fixed assets

= $1,450 - $790

= $660

5 0
3 years ago
2. An A firm has sales of $10 million, variable costs of $4 million, fixed expenses of $1.5 million, interest costs of $2 millio
tankabanditka [31]

Answer:

A) DOL = 1.33 times; DFL = 1.80 times; and DCL = 2.4 times

B) Next years expected Earnings before interest and tax = $5.5 million; and Net years expected net income = $2.45 million

C) Next years expected Earnings before interest and tax = $2.5 million; and Net years expected net income = $0.35 million

Explanation:

Note: This platform did allow the explanation to be saved here as it was claiming it contains swearwords. Please, see the attached pdf file for the full answer and explanation.

Download pdf
6 0
2 years ago
Demand pull inflation can be started by A. an increase in the price of oil B. a decrease in the quantity of money. C. an increas
devlian [24]

Answer:

Option "C" is correct.

Explanation:

An increase in government expenditure causes more money inflow on demand over supply.

6 0
3 years ago
Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga
True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

                                         <u>Cougar Corp.</u>

                                    <u>Bank reconciliation</u>

                          <u>For the year ended December 31</u>

<u>Particulars                                                Amount</u>

Bank balance Dec 31                            $24,575

Add: Deposit in transit                            $2,500

Less:

Outstanding checks #302          ($180)

Outstanding checks #303          ($95)

Outstanding checks #304          ($25)     ($300)

Bank balance adjusted                             $26,775

Cash balance on 31 Dec                             $26,504

Add: EFT from customer             $1,700

Add: Interest income                   $21            $1,721

Less: Posting error

($5,400 - $4,500)                         $900

Less: NSF check                            $500     $1,400

Book balance adjusted                               $26,775

Hence, the bank balance and the book balance are matched

8 0
3 years ago
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