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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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Answer:

It hopes to reduce the amount of money available for lending.

Explanation:

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3 years ago
You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $
stealth61 [152]

Answer:

$37,680.95

Explanation:

The maximum i would be willing to pay is the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $12,500

Cash flow in year 2 = $10,000

Cash flow in year 3 = $7,500

Cash flow in year 4 = $5,000

Cash flow in year 5 = $2,500

Cash flow in year 6 = 0

Cash flow in year 7   $12,500

I = 9%

PV = $37,680.95

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

3 0
3 years ago
Tom strongly believes that raising tax rates for the rich is the only way to steer the economy out of a recession because it is
BabaBlast [244]

The answer to the blank space is a contrast effect. A contrast effect is defined as a psychological bias where individuals are prone to evaluating that a stimulus is more positive because a similar stimulus was previously perceived as negative.

This is what is going on with Tom; despite having been presented information by Sam regarding how low taxes in general creates higher tax revenue, Tom still believes that taxing the rich would generate greater tax revenue to reduce the effect of recession.

4 0
3 years ago
Normally, mortgage brokers have nothing to lose by encouraging you to get a bigger loan than you may be able to afford.
jasenka [17]
The answer is true because
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2 years ago
Todd wants to be sure everyone gets the message about a special speaker coming to their next meeting, so he should use a lot of
Zepler [3.9K]

Answer:

True.

Explanation:

Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.

Formatting is a feature found in a lot of word processing software applications such as Microsoft Word, Notepad, etc., which is designed to avail end users the ability to apply specific formatting options such as cut, bold, italics, underline, etc., to texts based on certain defined criteria.

Basically, it is used for highlighting, emphasize, comparing or differentiating between data (information) stored in a text document.

In this scenario, Todd wants to be sure that the message about a special speaker attending their next meeting is conveyed to the members.

Therefore, he should use a lot of unique formatting such as italics or underlining in the newsletter to be sent out, so as to get their attention.

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