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3 years ago

An unconscious reference to one’s own culterual values, experiences, and knowledge as a basis for decisions.

Business

1 answer:

Andru [333]3 years ago

5 0

Answer:

(A) Self-Reference Criterion

Explanation:

Self-Reference Criterion refers to a situation where a person refers to his own <u>past experiences, knowledge, culture and values, without meaning to do so</u>, while trying to make a decision or choose a course of action.

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The following statement was made by the vice president of finance of The Electric Company: "The managers of a company should use

RideAnS [48]

Answer:

Check the following explanation.

Explanation:

The goals of managers and shareholders are not always aligned. Agency theory suggests this misalignment creates the need for costly monitoring through compensation contracts.

To align the goals of the two parties,compensation contracts should be designed to motivate the executive to make decisions that will not only increase his or her wealth, but will also increase shareholder wealth. Steps taken to increase shareholder wealth should be reflected in improved firm performance.Including both components in the contracts helps ensure the decisions of the executive are linked to various time horizons.

Shortterm components motivate the executive to make decisions that have an immediate affect on the firm. Long-term components are necessary to lengthen the decision horizon of the executive and enhance the likelihood of continued improvement in firm value. The long-term incentives in these contracts can be based on improved shareholder wealth as well as improved firm performance.

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3 years ago

Firms that are ________ recognize that including a strong social orientation in business is a sound strategy that is in the best

kifflom [539]

Answer:

Socially Responsible

Explanation:

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2 years ago

How can you improve your credit score?

BARSIC [14]

Answer:

Explanation:

According to Forbes, some ways to raise a credit score quickly include raising credit limits, keeping accounts open and paying bills on time

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6 0

2 years ago

A graduate student wants to examine the effect of print media versus televised media on individuals' position on several social

Phoenix [80]

<span>The student's IRB should reject the project because the student is treating the prisoners as subjects and conveniences. The student is only concerned about her research and is not really worrying about the prisoners, which could be viewed as inhumane. Even if the project were approved, the student would be put into a dangerous environment which would not be wise.</span>

6 0

3 years ago

At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fix

malfutka [58]

Answer:

$378,000

Explanation:

First, we need to find the variable cost per hour:

(Direct Material + Direct Labor)/Number of hours of production

= $(170,000+110,000)/8,000

= $35

Since, the department took more hours for production, therefore,

Additional budgeted costs = (10,000 - 8,000) x $35 = $70,000

Total appropriate budget for the department using flexible budgeting:

Prime cost + Factory overhead (Fixed) + Additional hourly (budgeted) costs

= (Direct labor + Direct Material) + Factory overhead (Fixed) + Additional hourly (budgeted) costs

= $(110,000 + 170,000)+$28,000+$70,000

= $378,000

6 0

3 years ago