Answer:
b. anchoring and adjustment heuristic.
Explanation:
Anchoring and adjustment heuristic is a Psychological heuristic in which a person or individual influences others by suggesting a starting point. The other person will then rely on the first information offered and an anchor is then placed. The further judgment is made around that anchor which created a bias toward interpretation of information.
Janice also used a strategy of anchoring and adjustment bias by giving first offer of salary. This will be considered as anchor which is placed and all the other negotiations will be around that salary anchor which will be used as starting point.
Answer:
Final Value= $18,253.12
Explanation:
Giving the following information:
For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly.
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit= 600
n= 6*4= 24
i= 0.08/4= 0.02
FV= {600*[(1.02^24) - 1]}/ 0.02= $18,253.12
Answer:
B. Budgetary.
Explanation:
They are used to do that because the range of variance could be from -10% to +20%.
Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.
I hope this answer helps you.
Answer:
Continuous Innovation.
Explanation:
This is simply known go be continuous improvement which explained as development to produce a positive result over time.
It is an iterative process of incorporating both modest, incremental and radical revolutionary improvements in processes, product designs, services and technologies.
Continuous innovation seeks not to just fulfill expectations but also create products and services that provide only imagined functions or even entirely unexpected revolutionary changes.
