While common sense is helpful in explaining certain events, unfortunately, it does not help us: predict the future. Option C is correct. This is further explained below.
<h3>What is common sense?</h3>
Generally, A fundamental capacity to see, comprehend, and evaluate in a way that is shared by the vast majority of individuals is what we mean when we talk about common sense. Common sense is a judgment that is sensible and applicable to daily situations. The intellectual roots of the daily concept of common sense may be traced back to a historical conversation that included many European languages.
In conclusion, While common sense may shed light on a number of occurrences, it can not aid us in the following ways: Speculate about the future
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Answer:
C. When excess capacity exists, cost can increase
Explanation:
The only False statement in all the given four statement is option C that is When excess capacity exists, cost can increase.
Clearly, the above statement is false because when by the principle of economies of scale at higher capacity, the overall cost of production decreases. ( in simple terms, higher the supply, lesser will be the demand.)
Answer:
No
Explanation:
From the managerial view, they would have to relate it to figures to see if it would be a viable venture or not.
For example: an electricity bill of $100, get a discount of $1 if they pay within 10days.
If you project this further, the discount rate is too small to provide that encouragement for customers to pay within the 10days period that the company proposed.