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Mice21 [21]
1 year 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]1 year 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.

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29. Maxwell is trying to decide whether to accept a salary of $60,000 or a salary of $25,000 plus a bonus of 20% of net income a
Akimi4 [234]

Answer:

Maxwell world consider choice equal to $310000

Explanation:

given data

accept a salary = $60,000

salary = $25,000

bonus = 20% of net income

to find out

amount of income would be necessary so that Maxwell would consider

solution

we get here income by bonus that is express as

bonus = 2 ( income - bonus - salary )   ..............1

3500 = 2 ( income - ( 0.2 × 35000 ) - ( 0.2 × (75000 + 35000) )

solve it we get

income = $310000

so Maxwell world consider choice equal to $310000

3 0
2 years ago
On January​ 1, 2019, Plenty of​ Oil, Inc. purchased an oil field that is estimated to have 20 comma 000 comma 000 barrels of oil
AysviL [449]

Answer:

$65,200,000.

Explanation:

We know,

Depreciation expense rate under unit-of-activity method = (Total cost of the asset - Residual value) ÷ Estimated usage

Therefore, Depreciation expense rate = ($80,000,000 - 0) ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $80,000,000 ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $4 per barrel.

As the company used 1,800,000 barrels during 2019, the depreciation expense for 2019 = 1,800,000 × $4 = $72,000,000

For 2020, the depreciation expenses = 1,900,000 × $4 = $76,000,000

Therefore, accumulated depreciation after December 31, 2020 = $72,000,000 + $76,000,000 = $14,800,000.

Therefore, book value reported on the balance sheet as of December​ 31, 2020 = $80,000,000 - $14,800,000 = $65,200,000.

3 0
2 years ago
Record the issuance of additional shares for $1,469 cash; total par value was $1 and the rest was in excess of par value.
mel-nik [20]

Answer:

cash                       1,469 debit

  common stock                        1 credit

  additional paid-in             1,468 credit

--to record issuance of shares in exchange of cash--

Explanation:

We are given the fact that total par value of the shares is $1

thus, the remained will be additional paid-in excess of Common stock.

We debit the cash received as it is an asset

Then, we credit both, common stock and additional paid-in excess of Common Stock as they are equity accounts.

7 0
2 years ago
ack, the local farmer, grew various vegetables and fruit over the summer. He had a food stand that people could stop at for purc
Anna007 [38]

Answer:,S25

Explanation:

The sales agreement between Jack is and Farmer was for a consideration of S75, the consideration for the purchase of tomatoes from another farmer is S100, this invariably means Jackie has incurred an additional S25 to purchase the tomatoes than he will normally has paid for it. This sum of S25 his what she will get in a lawsuits.

5 0
2 years ago
A catering company prepared and served 250 meals at an anniversary celebration last week using 7 workers. The week before, 8 wor
Y_Kistochka [10]

Answer:

A) For which event was the labor productivity higher?

Productivity is defined as the capacity to produce with a set amount of inputs, these inputs being workers and capital. A higher productivity occurs when more output is produced with the same or less amount of inputs.

Labor productivity was higher for the the anniversary celebration last week because with 7 workers, the catering company managed to serve 250 meals. Meanwhile, the week before, with 1 more worker (8 in total), the company only served 200 meals.

B) What are some possible reasons for the productivity differences?

The reasons can be very varied. One common reason though is the law of diminishing marginal product. This economic law establishes that there is an optimal amount of workers to employ in an economic activity, and any amount above or below will be less productive.

In this case, the optimal amount may have been 7 workers, and adding the 8 worker could have created a productivity loss represented by the lesser production.

3 0
2 years ago
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