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Temka [501]
2 years ago
11

(b) Note that Schlicksup, before working at Caterpillar, was an accountant at Arthur Andersen (the auditing firm that was crimin

ally indicted in the Enron scandal and went out of business), and by 2008 he believed he was going to get fired from Caterpillar. Name at least one behavioral bias discussed in class that might explain why he was prepared to take the risk of blowing the whistle in this case. (one paragraph limit).
Business
1 answer:
prohojiy [21]2 years ago
8 0

Answer:

One behavioral bias that might explain why Schlicksup was prepared to take the risk of blowing the whistle in this case is Reducing Regrets.

Explanation:

The only sin of Schlicksup was that he "was an accountant at Arthur Andersen (he auditing firm that was criminally indicted in the Enron scandal and went out of business)."  Self-convinced that he was going to get fired from Caterpillar, he then wanted to blow the whistle by 2008, which he should have done before being employed in Caterpillar, anyway.  He is surely suffering from the bias of reducing his regrets.  This makes him to be emotionally involved and to reach wrong conclusions that might not be based on facts.  He did not even ask himself if he was involved directly in the Enron-Arthur Andersen scandal.  Even if he was directly involved, has he not expressed remorse for his former actions to enable him to move on in life?  Schlicksup is simply going to illogical lengths to avoid having to own the feeling of regret.

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Maru [420]

Answer:

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Explanation:

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2 years ago
You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month
TiliK225 [7]

Answer:20,5369%

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4 0
2 years ago
In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a
Ne4ueva [31]

Answer:

The Sarbanes-Oxley Act

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7 0
3 years ago
Calculate the values for each of the questions. Assume that in each country there are no taxes, international trade, or inflatio
Inessa [10]

Explanation:

a. The computation is shown below:

As we know that

Multiplier = 1 ÷ 1 - MPC

1.5  = 1 ÷ 1 - MPC

So, MPC is 0.3333

Now the real GDP is

= Multiplier × Government spending

= 0.3333 × $70 billion

= $105 million

So the change in real GDP is

= $105 million - $70 million

= $35 million

b. The computation is shown below:

As we know that

Multiplier = 1 ÷ 1 - MPC

Multiplier  = 1 ÷ 1 - 0.6

So, multiplier is 2.5

Now the real GDP is

= Multiplier × Government spending

= 2.5 × $16 billion

= -$40 million

c. As we know that

Real GDP = Multiplier × Government spending

$280 billion = Multiplier × $70 billion

So, the multiplier is 4

Now the MPC is

Multiplier = 1 ÷ 1 - MPC

4 = 1 ÷ 1 - MPC

So, the multiplier is 0.75

3 0
3 years ago
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kumpel [21]

Answer:

The $20 ticket to the match.

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The sunk cost would be the $20 ticket to the match.

3 0
3 years ago
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