1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ann [662]
3 years ago
7

Three years ago, the City of Recker committed to build a park and music venue by the river. It was expected to cost $2.5 million

and be paid for from an additional meals tax in the community. The residents pushed back. Local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. The project has stalled, but the town council kept pushing it on. This spring, a flood devastated the venue. The town council appears to have suffered from _______ bias.
Business
1 answer:
Rufina [12.5K]3 years ago
5 0

Answer: C. escalation of commitment

Explanation:

Escalation of commitment bias refers to a situation where an entity continues to invest resources in an endevor that is not working out which means it is not contributing any value but is still being invested in.

The Town Council can see what has happened to the town and how their restaurants have suffered. The project has also stalled and yet they keep pushing it on. They are committed to an endevor that is not working out so this is an escalation of commitment bias.

You might be interested in
The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at
notsponge [240]

Answer:

B) $2,86

Explanation:

Using the high-low method we will use the highest activity level and the lowest activity level to determine the variable and fixed portion of the costs.

Highest activity - Cost $ 14182  Hours - 4200

Lowest activity - Cost $ (8748)   Hours - (2300)

Difference        -            $ 5434                 1900

Now we determine the variable portion. 5434/1900 = 2,86

Thus the answer is B.

6 0
3 years ago
The palmer acres inn is trying to determine its break-even point during its off-peak season. the inn has 50 rooms that it rents
ivanzaharov [21]
They don't hit their break even point with all of the additional costs. They are still $11060 under the break even point at the end of the month
5 0
3 years ago
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,0
atroni [7]

Answer:

The firm's tax payment is $ 102,200

Explanation:

Sales 3,600,000

Cost of goods sold. (2,300,000)

Gross profit. 1,300,000

Other operating exp. (840,000)

Depreciation expenses. (114,000)

Interest expense

625,000 × 8%. (50,000)

Gain on investment 30,000

Income before taxes. 326,000

Tax expense 31.34% × 326,000

Firm's tax payment is therefore $102,200.

6 0
3 years ago
Students for a Democratic Society (SDS) was an activist organization in the 1960s that protested the Vietnam War, racial injusti
Lorico [155]
Answer: counterculture

explanation: "subculture" is wrong, as are "ethnocentric group," "popular culture organization," and "movement for cultural diffusion"; the counterculture was a biggg force in the 60's and this was definitely an example of it
3 0
3 years ago
Read 2 more answers
Goal displacement, satisficing, and groupthink are:
Grace [21]

Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.

Read related link on:

brainly.com/question/25067788

6 0
2 years ago
Other questions:
  • Compared to the United States, unemployment rates in Western Europe tend to be: higher because of fewer labor regulations. lower
    6·1 answer
  • A small office building produces NOI of $8,995 per year. We intend to buy the property, if the price is right, and hold it for f
    15·1 answer
  • The firm's findings are best described as the
    8·1 answer
  • As workers demand higher wages to produce automobiles, how will this influence the automobile market?
    10·1 answer
  • Everglades Furniture uses a process cost system to account for its chair factory. Beginning inventory consisted of 5,000 units (
    10·1 answer
  • TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a prede
    12·1 answer
  • Timothy purchased a new computer for his consulting practice on October 15 th of the current year. The basis of the computer was
    14·1 answer
  • Suppose the risk free interest rate is 3% and the return on the market portfolio of stocks is 8%. The alpha company has beta of
    10·1 answer
  • Stephen bought 85 shares of United Rotators at $6. 34 each, 110 shares of Dowc Beverage Co. At $13. 13 apiece, and 133 shares of
    15·1 answer
  • How different nations are dependent on each other?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!