Answer:
.D.complementary products
Explanation:
A complementary good is a product whose usage is dependent on the availability of another. Complementary goods are, therefore, goods that are used together. For example, A and B will be complimentary goods if the use of A will require the use of B.
Yachts and docks are complementary products because a yacht will require a dock as the base of its operation. Without a dock, yacht operations will be almost impossible. Bill is not making good sales on big yachts because potential customers cannot find sufficient docking space. Other examples of complementary goods are car and petrol, printers and ink cartridges, guns and bullets, and DVD players and DVD disks.
Answer:
Explanation:
The adjusting entries are shown below:
1. Supplies Expense A/c Dr $3,000 ($2,000 + $4,500 - $3,500)
To Supplies A/c $3,000
(Being supplies purchased)
2. Insurance Expense A/c Dr $2,000
To Prepaid Insurance A/c $2,000
(Being prepaid insurance adjusted)
3. Salary expense A/c Dr $16,000
To salary payable A/c $16,000
(Being salary adjusted)
4. Unearned revenue A/c Dr $1,500
To Service revenue A/c $1,500
(Being unearned revenue adjusted)
A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B
Answer:
The question is incomplete, The complete question with options should be;
When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met before a payment would be released. Sebastian was trying to avoid ________bias.
A. overconfidence
B. escalation of commitment
C. sunk-cost
D. framing
E. hindsight
The answer is
B. Escalation of commitment
Explanation:
Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment regardless continues the behavior instead of changing the course.
It simply means the irrational behaviour of investing additional resources to a project that is failing.
These resources could be time, energy and money that an individual continue to invest into a falling and sinking venture or business
So, in this situation, before releasing the payment, Sebastian ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias of him continuing to release or invest money into an already failing contract.
