Answer:
The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called Monte Carlo simulation.
The correct answer is D
Explanation:
Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.
Answer:
The correct answer to this question is A) because resources are not equally good in each production activity.
Explanation:
PPS or Production possibility frontier ( which is often as production possibility curve ) shows the possible combinations( of two products or services) with maximum outputs that can be produced in an economy when all the available resources are fully and efficiently used.
The reason why opportunity cost is increased while moving along PPS is because when we increase the output of one good , that means we are allocating more resources towards this good ,that means we will be left with the fewer resources to carry out the production of other good , so therefore the opportunity cost would increase.
Answer:
d. rational decision making.
Explanation:
Rational decision makers do not expect any boundaries and constraints as they assume the decision should be taken after having all the facts known, as these relate to taking a decision in good faith.
This is basically choosing the best with all the information and understanding.
As here Scott and his partner do not have complete knowledge and understanding of the complexity and technology.
Thus, it hinder there exercise towards making a rational decision.
Answer:
a supportive leader
Explanation:
A supportive leader is a leader who is able to identify changes and assistance that are needed to promote the well-being of his team members and timely resolve all unnecessary issues with the aim of delivering a high standard of performance.
A supportive leader is usually kind, friendly, and concerned about the personal needs and welfare of his followers. He also leaves his door open to be approached by many people for advice and help, and also inspires them perform tasks assigned to them with enthusiasm.
Therefore, Peter's behavior implies that he is most likely <u>a supportive leader</u>.
Answer:
Income statements and or Cash flow statements.
Explanation:
Income statement and Cash flow statements are required.
Income Statement will give us insight about our costs as we maybe recording sales but if the costs and expenses are too high we are unlikely to be making enough gross profits to be able to pay bills.
Cash flow statements are required as sales may be credit and thus reducing working capital for the company, although they may be making profits but if the debts are uncollected they are unlikely to have cash available to be able to make payments.
Hope that helps.
