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2 years ago

Goal displacement, satisficing, and groupthink are:

Business

1 answer:

Grace [21]2 years ago

6 0

Goal displacement, satisficing, and groupthink are the advantages of group decision-making.

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the group decision-making include goal displacement, satisficing, and groupthink.

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Read the following email,which Jim sent to his team. Then choose the answer below that best explains what is wrong with the emai

Ivenika [448]

Answer:

The answer is C.

7 0

3 years ago

The inflation tax refers to

Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

Explanation:

When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects.

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

4 0

3 years ago

Read 2 more answers

Suppose for a given consumer the marginal utility (MU) of a pizza is 100 utils and the MU of a hamburger is 80 utils, and that t

NemiM [27]

Answer:

is not , consume more of hamburgers

Explanation:

A consumer is said to have achieved equilibrium when within his budget constraint, he purchases that combination of two goods which yield maximum satisfaction to him.

The equation for consumer equilibrium for two products is given by

$\frac{MU_{x} }{P_{x} } = \frac{MU_{y} }{P_{y} }$

In the given case, $\frac{MU_{x} }{P_{x} }$ = $\frac{100}{15}$ = $\frac{20}{3}$ = 6.666

$\frac{MU_{y} }{P_{y} }$ = $\frac{80}{10}$ = 8

wherein, x= pizza

y= hamburger

As is evident, the marginal utility per dollar spent is greater in case of a hamburger, the consumer is not in a state of equilibrium.

Thus, he should consume more units of Hamburgers in order to maximize his utility.

3 0

3 years ago

Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other

Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= $\frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22$

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= $\frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279} +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}$

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

= $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0

3 years ago

JulsSmile [24]

Answer:

Managing your money behavior

Explanation:

Personal finance is the management of individual financial activities of generating income and expenditure. It involves the process of setting personal financial goals and making plans on how to achieve them. Personal finance entails developing personal budgets, savings and investment plans to achieve short term and long term financial goals.

Individuals may need to hire personal finance managers to help them manage their finances. The role of the personal-finance manager is to advise and help in the making and implementation of financial goals. Personal finance involves managing money behavior to achieve the desired results.

4 0

3 years ago