answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
2 years ago
12

A shopper infers that a product must be of high quality because the manufacturer has been in business a long time. Which heurist

ic is this an example of
Business
1 answer:
Rzqust [24]2 years ago
6 0

Answer:

The Compromise effect

Explanation:

Heuristic is a  modelling that explains the two fundamental ways of processing information while making up an opinion.

Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.

However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.

One of the effect as seen in the question is bias attitudes or the compromise effect.

You might be interested in
Omega Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare th
BARSIC [14]

Answer: Decrease by $9,800

Explanation:

It is shown that fees of $9,800 were earned during the month from clients who had paid in advance. Unearned fees are liabilities because they represent revenue that a company made for services it has not delivered yet.

When the company delivers the service like these ones just did, they will reduce this liability because they have now earned this revenue by delivering the service.

Omega will therefore reduce their unearned fees account by $9,800.  

7 0
2 years ago
A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in b
UkoKoshka [18]

Answer:

equivalent cost per unit for labor: $4.1982

Explanation:

complete and transferred    165,000

work on ending WIP               16,500  //   22,000 x 75%

previous work on beginning (8,000) //  20,000 x 40%

Equivalent units                   173,500

labor cost added during the period 726,825

equivalent cost 726,825/173,500 = 4.198193084

equivalent cost per unit for labor: $4.1982

7 0
2 years ago
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
charle [14.2K]

When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability

3 0
2 years ago
A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses
forsale [732]

Answer:

<u>$25,000 </u>

Explanation:

Now, to get the amount of farmer's sale of that which will be included as apples in GDP.

The farmer’s sales of worth $25,000 will be included as apples in GDP, as the farmer sells the apples to individuals who take them to eat.

<u><em>GDP is abbreviated as gross domestic product.</em></u>

<em>GDP represents the goods and services produced within the country over a particular time. The economists used it to determine whether the country is facing recession or having a growth.</em>

<u><em>As, the $25,000 worth of apples of the farmer's sale is the monetary value of the apples produced  by the farmer in the country to sell to individuals for their consumption in their home. As private consumption is one of largest part of GDP.</em></u>

Thus, the farmer's sales that will be included as apples in GDP is <u>$25,000</u> worth of apples, as the farmers sells these apples to individuals who take them home to eat.

8 0
2 years ago
Earl Miller, owner of a Papa Gino's franchise, wants to buy a new delivery truck in 6 years. He estimates the truck will cost $3
Studentka2010 [4]

Answer:

  • <u><em>No, he will not have enough money to buy his delivery truck at the end of 6 years.</em></u>

Explanation:

To find how much<em> money Earl Mille</em>r, <em>owner of Papa Gino's franchise</em>, will have in <em>6 years</em>, you must calculate the value of the <em>$20,000</em> that he <em>invests</em> at the <em>5% compounded semiannually:</em>

  • Semianual compounded interest: 5% / 2 = 0.05/2 = 0.025

Equation:

  • Value=Investment\times (1+r/n)^{(n\times t)}

Where r/n was already calculated: r/n = 0.05/2 = 0.025; and t is the number of years: 6.

        Value=\$20,000\times (1+0.025)^{(2\times 6)}\\\\Value=\$26,899.78

Hence the value of the money invested is less than the value of the truck, and <em>he will not have enough money to buy his delivery truck at the end of 6 years.</em>

3 0
2 years ago
Other questions:
  • A teacher sets up a machine that beeps at random intervals; research has demonstrated that, if students check "yes" or "no" in a
    15·1 answer
  • Which of the following is a microeconomic topic?
    10·1 answer
  • Swifty Corporation had net sales of $2,419,200 and interest revenue of $39,300 during 2020. Expenses for 2020 were cost of goods
    12·1 answer
  • Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
    12·1 answer
  • On January 1, Pacer Corporation issued $2,000,000, 13%, 5-year bonds with interest payable on July 1 and January 1. The bonds so
    12·1 answer
  • The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
    8·1 answer
  • Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capita
    5·1 answer
  • Acme Sales calls its customers after they purchase an automobile from the dealership. In addition, every year customers are aske
    13·1 answer
  • December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory origina
    13·1 answer
  • Carla Vista Co. had the following assets on January 1, 2017. Item Cost Purchase Date Useful Life (in years) Salvage Value Machin
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!