Answer:
I partially agree with the stament
Explanation:
Despite the economics establishes some theories based in people, companies and governments behavior, we can fine multiple examples where the situation is not totally adjusted to the theory. As an example, when we talk about the supply and demand theory, we suppose that if the price of a product rises, the demand is lower; even when this consumption may be true, there are people who buy this named product no matter the price rises.
We need to see the economist as a theory that defines most of the situations, in the same way it gives the general and specific lines for the development of the most efficient processes and behavior about a determined situation. We can use economics as a way to analyze a situation and take an action trying to have the best result.
Answer:
According to the data provided the opportunity costs is detailed below:
Initial Balance $20,000
Monthly interst $200
Investment $500
________________________
The Opportunity cost is $500
Explanation:
The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has three options:
1. Spending the money
2. Save the money
3. Invest the money
Once the money is spent the opportunity costs is generated and it is measured by the interest rate lost for not keeping the money in the investment that will generate an interest rate of $500 monthly.
Answer:
What I think it's C if it's not I probably think it's gonna be D
Correct/Complete Question:
When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, implements it, and then evaluates the results. This manager is acting out the ____ process.
A. decision-making
B. control
C. formal leadership
D. managing
E. alternative-generating
Answer:
A, decision-making
Explanation:
Simply put, decision-making can be defined as the process of making decisions.
These decision making processes involve identifying the problem, creating a solution, implementation and evaluation of solution. All these processes are psychological or cognitive as it helps the the individual to make a decision from a bunch of options.
As in the question, the identification of an opportunity, generation of alternatives, implementation and evaluation of the generated processes shows the manager is showing his or her decision-making qualities.
Cheers.
