If Ty selects a smartphone solely based on its highest megapixel rating, which he deems the most critical feature, he is employing a lexicographic heuristic in his buying decision. The field of heuristics studies how individuals make choices when it is impossible to optimize. It delves into two inquiries: the first is descriptive, while the second is normative.
<span>If the FDIC possesses an insurance fund of $67.8 billion and needs to allocate 7.6% towards covering several failed banks, how much funds remain in the reserve? <span>Approximately $62.65 billion remains in the fund. </span></span>
To calculate:
Approximate remaining funds = ($67.8 billion)(0.076) = $5.15 billion
<span>Approximate remaining funds = $67.8 billion - $5.15 billion </span>
<span>Approximate remaining funds = $62.65 billion</span>
Answer:
The best approach for acquiring inputs that have clear and quantifiable quality requirements and necessitate specialized investment is through contracts.
Explanation:
The contract formalizes the arrangement between the buyer and seller, establishing legal conditions and agreed responsibilities. One of the significant benefits is that companies and buyers can concentrate on obtaining what they require as contracts apply to physical goods as well as services, minimizing opportunistic behaviors and underinvestment.
An example is CONASUPO, a Mexican government agency that entered into contracts with ranchers across Mexico to procure their milk production at reduced prices to support numerous low-income households.
d. $13.00 Explanation: The contribution margin formula is determined by subtracting variable costs from the selling price. Here, the sales price is $25 per unit while the variable costs consist of: Direct materials: $6.20, Direct labor: $2.80, variable overhead: $1.45, sales commissions: $1.00, and administrative variable expense: $0.55 totaling a variable cost of $12.00 per unit. Thus, $25 selling price per unit minus $12 variable cost per unit equals $13 contribution margin per unit, the amount each unit contributes to cover fixed costs and generate profit during the period.
Answer:
Explanation:
Maslow’s hierarchy of needs, depicted as a pyramid, illustrates various levels of human needs that individuals strive to fulfill, which serves as the foundation for human motivation. The different tiers of needs as outlined by Maslow, from the base to the apex, include: physiological, safety, love and belonging, esteem, and self-actualization.
Margot’s circumstances indicate that her “esteem” needs are not being satisfied. According to Maslow, esteem needs encompass self-respect, reputation, and respect from others, which is evident in Margot’s situation.
