Answer:
b. each person evaluates the situation according to his/her individual self-interest.
Explanation:
This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.
Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.
Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.
Answer:
<u>Situational Influences </u>
Explanation:
Situational influences refer to those situation or state conditions which influence a buyers behavior. Physical, social and time factors or buyers own moods, affect a buyers buying habits i.e what the buyers buy and the quantity of purchases.
Physical surroundings refer to the physical situation of the buyer i.e the effect of location of the store, the design of the store etc.
Social surroundings refer to the effect of people who surround the buyer while he is considering a purchase.
Temporal effects refer to temporary or time bound situation of the buyer which relates to the time of the day a buyer visits the store.
Antecedent states refer to the pre existing state of mind of the buyer.
Collectively, these comprise situational influences in consumer buying decision process.
Answer: Allowing project managers to plan the project the way they see fit.
Explanation: Project governance may be described as collectively adopted and designated framework or structure which is employed to serve as a guide or model during the entire process of project planning and development. The project governance model is often in tandem with the organizational management framework and provides the necessary guidance and protocol for project management. Hence, it includes setting standard benchmarks, continuous monitoring of project activities and Options for standard incorporation and continuous improvement.
The date,
signature
rules.
