People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.
Answer: the correct answer is e. Normative myopia
Explanation:
It could occur because:
1. The belief that normative values do not apply to managerial decisions
2. The belief that facts and values can be separated in decision making
3. The belief that normative values are outside the realm of business.
Business functions refers to the critical activities that are very essential for the survival of a business. A typical business is usually divided into many functions or departments.
A typical supermarket will have the following business functions or departmental units: marketing, sales, accounting, purchasing, computing, advertising, human resources, etc.<span />
C. The decisions made by producers and consumers drive all economic choices.
