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kipiarov [429]
3 years ago
5

Which of the following statements is a valid critique of rational choice theory?A. People will rarely choose the acceptable opti

on when they can choose an optimal option.B. People do not like to act predictably, even with perfect information.
C. Individual rationality is limited by the ability to conduct analysis.D. All of the above.
Business
1 answer:
ohaa [14]3 years ago
4 0

Answer:

B. People do not like to act predictably, even with perfect information.

Explanation:

Rational choice theory states that people tend to make logical calculations when they are trying to make choices. This is aimed at making sure that choices made are in line with their objectives.

The expectation is to provide the individual with greatest satisfaction.

Therefore people choose the optimal solution and not just the acceptable one.

The individual's ability to conduct analysis can limit their rationality.

However the statement that people do not act rationally even with perfect information is in conflict with the rational choice theory

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Read 2 more answers
Nichols Enterprises has an investment in 26,000 bonds of Elliott Electronics that Nichols accounts for as a security available f
Crazy boy [7]

Answer:

$ 364,000

Explanation:

Given;

The number of bonds in which investment is made = 26000

Quote price of the bond = $ 14 per bond

Actual price of the bond = $ 24

Now,

the investment amount is carried out using the quote price of the bonds in the balance sheet

therefore,

Nichols should carry the Elliott investment on its balance sheet as :

= number of bonds invested × quote price of the bond

or

= 26000 × $ 14

or

= $ 364,000

4 0
3 years ago
3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be pro
stepladder [879]

Answer:

True

Explanation:

In this case, the advancement payment can help with the payment of the money owned by the taxpayer over a definite period of time. This enables a step-wise payment of the monies that will be owed over a flexible time period, in this case, the period of 36 months that translates to the three-year period. In this period, the tax can be paid in small amounts with an increment in the interest as applicable.

4 0
2 years ago
The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:
Nataly [62]

Answer:

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

Explanation:

At the end of each accounting period, the elements of the income statements which are the revenues earned and the expenses incurred are usually closed to the income summary account.

The revenue earned which is normally a credit balance is closed by debiting the account and crediting the income summary. The expenses are closed by crediting the account and debiting the income summary.

Hence if Fees Earned, $750, and Rent Revenue, $175,

Total revenue = $750 + $175

= $925

6 0
3 years ago
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