Answer:
a. continue with the project provided that the additional solar electricity is worth more than $10 million.
Explanation:
It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.
Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.
Therefore, such cost is ignored.
Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,
Rational choice will be for solar electricity worth $10 million.
Therefore, correct statement is
a. continue with the project provided that the additional solar electricity is worth more than $10 million.
Answer:
1. Specific Bequest
2. Residuary
3. Abatement
4. A person must have testamentary capacity and intent which means that the testator must be of a proper sound mind and legal age at the time when the will is made. The will should be in writing and duly signed by the testator.
5. Oral Will
Explanation:
1. Specific bequest is a gift of particular and specific items or assets that is named to a certain person. This is generally a gift given in a will which is mostly a personal property.
2. The remaining assets or items that is left even after all the specific gifts are given and all the due debts are paid is termed as 'Residuary' of the estate.
3. When the assets of any deceased person is not sufficient enough to pay the dues to the respective creditors and satisfy their requirements, then abatement takes place.
4. A person must have testamentary capacity and intent which means that the testator must be of a proper sound mind and legal age at the time when the will is made. The will should be in writing and duly signed by the testator.
5. Any will that has been made orally and is not written is termed as a 'Nuncupative' will.
Question:
The market for hot dogs on the streets of New York City can be considered close to a perfectly competitive market. Because there are so many individuals buying and selling hot dogs:
A) there is a shortage of hot dogs
B) there is a surplus of hot dogs
C) market forces set the price in the market
D) firms are able to make large economic profits
E) firms cannot make positive accounting profits
Answer:
The correct answer is C.
Explanation:
Perfect competition is a market/ industry situation where there are numerous companies producing similar or perfect substitute products. Also, in the same market, none of the players is large enough to single-handedly influence the market especially with respect to price.
Cheers!
Answer:
Group boycott
Explanation:
Group boycott is when competitors agree to not buy or sell to a supplier or customer or do it only under certain conditions. According to this, the answer is that the strategy is called group boycott because the CEOs of the two companies agree not to work with the manufacturer.
Explanation:
In an organization, human capital is grouped into different teams and units in order to assist in achieving organizational goals and objectives. The study of organizational behavior will assist in understanding how people of different profiles and personalities will behave according to their functions and groupings.
In a practical illustration, <u>managers can analyze the organizational structure</u> to align their decisions and increase their control. In organizations with a decentralized structure, managers can set up decision-making units to evaluate new ideas and innovative concepts.
<u>Organizational policies</u> and procedures must also be developed comprehensively, and firstly complied with by the company's leadership, so that each employee feels ethically protected and has as an example how to act and work in that organization.
It is also necessary to have a<u> well-established communication system</u>, so that there is no noise and so that the information is shared in an ideal way.
Finally, <u>integrating ethical work with technologies</u> that make work easier and faster are some techniques that can help managers to maximize business success.
