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Bess [88]
3 years ago
8

Whenever anyone praises Mark for his good performance, he has the tendency to attribute his success to his personal qualities su

ch as his ability to thrive under pressure and his eye for detail. However, any negative performance feedback is always met with excuses such as unsupportive team members or insufficient time. This is an example of the ________.
Business
1 answer:
Nat2105 [25]3 years ago
8 0

Answer: Self serving bias

Explanation: In simple words, it refers to the attribute of an individual to take the credit of every positive event themselves, whereas in case of negative events such individuals tends to blame external factors.

In the given case, Mark attributes his success as the outcome of his personality and blames his team or other such factors in case of negative results.

Hence from the above we can conclude that the given case illustrate self serving bias.

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In order to ensure success, what are the five rules you need to follow before going into business for yourself?
Licemer1 [7]

Answer:

Promote your service

Know what to charge

Follow up your work

Be professional in your approach

Know the law

On edge 100% exact wording from the source

Explanation:

6 0
3 years ago
Read 2 more answers
Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequ
Ahat [919]

Answer:

If the ending inventory was understated, that means that the cost of goods sold will be overstated. If the cost of goods sold was overstated, then net profits were understated.

Explanation:

Imagine a company that sells shoes:

It bought 100 shoes at $100 each during the whole year and their ending inventory was 10 units. This means that cost of goods sold was (100 - 10) x $100 = $9,000. But someone discovered 5 pairs in some shelf that were not included in the ending inventory, then the real ending inventory was 15 units = $1,500 and not $1,000. That also means that the cost of goods sold was $8,500, not $9,000. Lower costs = higher profits.

6 0
3 years ago
Use the following scenario to answer the following questions: Natasha can produce either 5,000 pounds of cheese or 20 houses per
Savatey [412]

If Natasha can produce either 5,000 pounds of cheese or 20 houses per year and Jameson can produce either 5,000 pounds of cheese or 10 houses per year then,

  • Natasha has a comparative advantage in the production of cheese.
  • Jameson has a comparative advantage in the production of cheese.
<h3>What is comparative advantage?</h3>

The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.

The example of comparative advantage is-

  • For instance, if a nation excels in producing both cheese and chocolate, they can choose to allocate the appropriate amount of labour to each product.
  • This nation has a comparative advantage in producing chocolate if it takes one hour of labour to make 10 units of cheese and one hour of labour to produce 20 units of chocolate.

The importance of comparative advantage are-

  • Ability to create a good or service for a lower opportunity cost is a benefit of comparative advantage.
  • Companies with a comparative advantage are able to sell their products and services for less than their rivals do, resulting in higher profit margins and stronger sales margins.

To know more about lower opportunity cost, here

brainly.com/question/481029

#SPJ4

3 0
2 years ago
Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy’
Schach [20]

Answer:

Executive and shareholder

Explanation:

Since in the question it is mentioned that Sandy supervises the regional managers also she directed them. Moreover, it is entitled her for the ownership of stock in the company

She is not a director so she is an executive also she has the stock ownership so she is also a shareholder

So the sandy position in the company is of executive and the shareholder

8 0
3 years ago
A regression line is the line that best fits the data, but this does not mean that the fit is good. In other words, there can st
horsena [70]

Answer:

Larger-sq and small Se.

Explanation:

Regression line is a line that clearly describes the behavior of a given set of data.

Regression lines are very essential for forecasting processes. The importance of the line is to describe the interrelation of a dependent variable (Y variable) with one or many independent variables (X variable).

An analyst can forecast future behaviors of the dependent variable by making use of the equation gotten the regression line. This is done by inputting different values for the independent ones. Regression lines are frequently employed in the financial sector.

Financial analysts make use of linear regressions to forecast stock prices, commodity prices and also to carry out valuations for many different securities. Companies use regressions for the purpose of forecasting sales, inventories and a lot of other variables that are needed for strategy and planning. The regression line formula is represented below:

(Y = a + bX + u)

6 0
3 years ago
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