One restaurant you know of offers a "cash discount" and another charges a "credit card fee." Even though you end up paying the same amount for your meals at both restaurants, you feel like the cash discount is a good deal and that the credit card fee is unjust. This is due to which decision making bias?A. Framing EffectsB. Base Rate BiasC. Misconceptions of chanceD. Misunderstanding Conjunctive Events

Answers

Answer 1

One restaurant you know offers a "cash rebate" and another charges a "credit card fee". I feel the credit card charges are unfair. This is due to the framing effect.

What is the framing effect?

The framing effect is a cognitive distortion in which the brain makes decisions about information depending on how it is presented. The framing effect is often used in marketing to influence decision makers and purchases.

How does the framing effect affect decision making?

When making decisions, people are influenced by different semantic descriptions of the same problem and have different risk appetites. This is called the framing effect, and refers to making decisions based on the potential value of losses and gains rather than earnings.

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Related Questions

PLEASE HELP!
Describe ways in which an individual can create opportunities that may lead to the perfect job

Answers

Answer:

Identify with Your Goals, Build a Professional Resume, Become Aware of Your Strengths, Assume Full Responsibility for Your Life, Always Raise Your Standards, Brand Yourself, and Network

Explanation:

which of the following is true about eating at work

Answers

Answer:

It can make you distracted

Explanation:

The true statement about eating at work includes:

eating Food preparation area can cause contaminationyou should never eat while at work

Why is eating prohibit at work hours?

In some firm, it is prohibited because it can causes distraction to others.

Hence, the true statement about eating at work includes eating Food preparation area can cause contamination and you should never eat while at work.

Therefore, the Option A & D is correct.

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PLEASE HELP ME I WILL GIVE BRAINLIEST

PLEASE HELP ME I WILL GIVE BRAINLIEST

Answers

Answer:

a supply chain managers. thanks

Prove you know what diminishing marginal utility is by creating an example of your own. Your example
cannot be food related.

Answers

Hi there, I'm not answering this question, sorry.

Your task clearly states you must think of your own example and prove what you know. That's why.

Please, if you're coming onto the Brainly website, at least improve your questions.

Any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description.
True
False

Answers

True. A description there is an express warranty that goods will match the description that is made a part of a basis of the bargain.

What is bargain?

Bargain is an agreement between two or more parties, who exchange goods, services, or both, for mutual benefit. It typically involves one party offering something of value to another party in exchange for something of greater value, such as a discount on a purchase or a free service. Bargaining is a common practice in most markets and can be a great way to get a good deal. Bargaining requires both parties to be willing to negotiate and compromise in order to reach an agreement that both parties find acceptable. Bargaining also involves an understanding of the other party's needs and interests, as well as a willingness to compromise and find a solution that both sides can agree on.

This means that the buyer has a legal right to expect that the goods they receive will meet the quality standards that were agreed upon in the sale contracts. If the goods fail to meet these standards then the seller may be liable for any damages resulting from the breach of warranty.

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Describe the relationship between two manufacturers in a business ecosystem that are working together to develop a new product for consumers.

Answers

There must be a cordial relationship and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

What is a Business Ecosystem?

A business ecosystem is a deliberate commercial arrangement involving two or more organizations to develop and share a common value for consumers.

Every business ecosystem contains participants, and at least one of them serves as the controller. There must be a cordial relationship and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

The primary advantage of adopting business ecosystems is to be better positioned, promote innovation, and maximize capital efficiency in order to produce customer value.

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7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.

Answers

Answer: Either a or c for me Not 100 percent sure on this one sorry

Explanation:

markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as what?

Answers

Markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as perfect market.

A perfect market is one that is planned to be entirely devoid of anomalies that could otherwise make it impossible to obtain the optimal pricing. In a perfect market system, there are no transaction costs and both producers and consumers have complete and symmetrical information.

A large number of manufacturers and customers are in rivalry with one another perfect market. Given that they all exist outside of the ideal competition model's plane, all real markets may be characterized as flawed. The current idea of imperfect versus ideal competition was first introduced by the Cambridge school of post-classical economics.

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in the indirect method of cash flows, which of the following would be added to net income?
a. a decrease in sales tax payable
b. an increase in inventory
c. a decrease in supplies
d. an increase in prepaid rent

Answers

Answer:

C. A decrease in supplies

Explanation:

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If a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877, how much was the loan amount (rounded to the nearest hundred)

Answers

Answer:

$144,200

Explanation:

Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?

Answers

Pros: Helps hotel to achieve 100% occupancy, Maximize expected venue, Long term revenue and profit increase, low risk method to increase profitability and Compensation are cheaper than leaving a room empty
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,

The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.

What is one of the scrum master's responsibility during innovation and planning iteration?

Answers

The scrum master's responsibility during innovation and planning iteration  is chargeable for growing and onboarding venture groups.

The Scrum grasp is chargeable for growing and onboarding venture groups, integrating them into the agency and providing a clear imaginative and prescient of the product. The Scrum grasp additionally enables conversation and records alternate between external organizations and the project team.

Scrum grasp is the person that is answerable for facilitating/coaching the improvement group and the Product owner to work on the day after day development sports. he is the only who ensures that the group knows the Scrum Values and concepts and is capable of practice the

The Scrum grasp must spend time making ready the retrospective, because it's a number one vehicle for development. recognition on gadgets the crew can cope with, not on how others can enhance. The Scrum grasp is responsible to educate and educate crew individuals in a proactive way, and persuade them to do the right factor.

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Felicity earns $39.990 per year in take-home pay. What is the most money a
housing expert would advise her to spend on a monthly mortgage payment?

A. $987.24
B. $3990.00
C. $833.13
D. $666.50

Answers

Answer:

C. $833.13

Explanation:

Home experts advocate for the 28/36 rule. As per this rule, total household expenditure on debts,  including mortgages, should not exceed 36 % of monthly gross income. Monthly spending on mortgages should not exceed 28% of monthly income.

Felicity annual income = $39,990

Monthly income = $39,990/12

monthly income =$3,332.50

The maximum amount to be spent on mortgages

= 28% of $3,332.50

=28/100 x 3,332.50

=$933.1

Felicity should not spend more than $933.1 on the mortgage alone

From the options provided, $833.13 should be the recommended amount

explain the reason why socio economic issues pose challenge to business​

Answers

Answer: Gambling iis an issue here are some reasons why

Explanation:

Gambling means to bet on something of which the outcome is not sure.

It can take on form of playing games in the hope that some money could be won.

Although gambling is legal, it gives false hope.

What is one major drawback of globalization?
O A. Poor workers in developing countries may not share in economic
gains.
O B. Environmental regulations have gotten in the way of economic
growth.
C. Businesses have access to fewer markets when selling their
products.
D. Inflation rates have declined significantly because of increased
global trade.

Answers

Answer:

A

Explanation:

All of the other options are incorrect

Poor workers in developing countries may not share in economic gains is one major drawback of globalization. Therefore, option A is correct.

What are the drawbacks of globalization?

Globalization has several drawbacks, including:

Widening income inequality: Globalization has led to increased trade and economic growth, but it has also contributed to widening income inequality, especially in developing countries.

Job losses: Globalization can lead to the loss of traditional jobs and industries, especially in developed countries. This is because companies may move their production facilities to countries with lower labor costs, leaving many workers unemployed.

Environmental degradation: Increased trade and economic growth can also lead to environmental degradation, as companies may prioritize profit over environmental sustainability. This can result in pollution, deforestation, and other forms of environmental damage.

Cultural homogenization: Globalization can also lead to the homogenization of cultures, as people become exposed to similar products, services, and ways of life. This can lead to the erosion of traditional cultural practices and values.

Dependency: Some developing countries become too dependent on foreign investment and trade, which can make them vulnerable to economic shocks and downturns.

Unequal distribution of benefits: Globalization can benefit some groups more than others, leading to unequal distribution of benefits.

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In order to leverage social media ads, where you choose to advertise your product/service should also be based on your target audience and what is __________ amongst that audience.

Answers

In order to leverage social media ads, where you choose to advertise your product/service should also be based on your target audience and what is relevant and engaging to them.

By analyzing their demographics, interests, and online behaviors, you can identify the social media platforms or channels that align with their preferences. This ensures that your ads are seen by the right people, in the right context, maximizing their relevance and impact.

Additionally, staying attuned to trending topics, popular hashtags, and viral content within your target audience's online communities allows you to tap into what is currently captivating their attention.

By combining audience insights with relevant content, you can create compelling ad campaigns that drive engagement, increase brand visibility, and ultimately yield positive results.

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The easiest way for startups to determine their company's potential is to ______.
A) check out how similar companies in the same industry are being valued
B) determine the economic health of the market area
C) look at the track record of the cofounding team
D) analyze the company's financial forecast

Answers

The easiest way for startups to determine their company's potential is to check how similar companies in the same industry are being valued(a).

By evaluating how similar companies in the same industry are being valued, startups can gain insights into market expectations and potential investor interest. This analysis helps them gauge the market size, growth potential, and competitiveness of their own venture.

By examining the valuation metrics, such as price-to-earnings ratio, price-to-sales ratio, or market capitalization, startups can assess their own potential relative to their peers.

This approach provides a practical and accessible method for startups to understand their company's prospects and make informed decisions regarding funding, growth strategies, and market positioning.

So Correct option is A) check out how similar companies in the same industry are being valued.

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I NEED HELP PLEAASEEE

I NEED HELP PLEAASEEE

Answers

I think it is coupons. You are right

Yes definitely coupons

Answer Questions 1-4 any help needed

Answer Questions 1-4 any help needed

Answers

The credit card offer has the lowest annual fees- Offer 1

The credit card offer has the best introductory rate- Offer 2

What is the purpose of a credit card?

You can use the available credit on a credit card to make purchases, debt transfers, and/or cash advances, but you eventually have to pay back the loan's principal. On the billing statement, you can see that a credit balance for a sum that the card issuer owes you. Credits are hence added to your account with each payment you make. A credit could be added when you return anything you bought using a credit card. Using credit has a lot of disadvantages as well. Credit almost always comes with fees.

The credit card offer has the lowest interest rate - Offer 1

The credit card offer would be best for someone who carries a balance from month to month- Offer 1

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what is the definition of It spectrum​

Answers

Definition of spectrum

1a : a continuum of color formed when a beam of white light is dispersed (as by passage through a prism) so that its component wavelengths are arranged in order

2a: any of various continua that resemble a color spectrum in consisting of an ordered arrangement by a particular characteristic (such as frequency or energy): such as

In 3-5 sentences, what aspects of economic growth may not be reflected in the GDP of a country?

Answers

Answer:

iwndwhaidnaifbqibdqibdqibdna


Complete the lines describing essentials tips while drafting a cover letter.
A cover letter should have no
. Also, the sentences used in the cover letter should be

Answers

A cover letter should have no errors. Also, the sentences used in the cover letter should be precise.

The cover letter is commonly the first item an enterprise reads from you. Your letter must right now imply what function you're applying for and then supply data that demonstrates why you must be considered for the placement. Do no longer repeat all the statistics contained in your resume.

A cover letter, overlaying letter, motivation letter, motivational letter, or letter of motivation is a letter of introduction attached to or accompanying another file inclusive of a résumé or a curriculum vitae.

Things to keep away from while writing a cover letter

Not following instructions.The usage of the incorrect format.Discussing why you are searching out a brand new position.Using the equal cover letter for each software.Writing without first studying the organization and role.Discussing beside the point paintings experience or a loss of revel in.

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if the mean is 32 and the median is 40 what would be value of mode

Answers

Answer:

Step-by-step po:

3 Median = Mode + 2 Mean

Given: Mean = 30  / Mode = 40

Now: 3 Median = Mode + 2 Mean

=> 3 Median = 40 + 2 (30)

=> 3 Median = 40 + 60

=> 3 Median = 100

=> Median = 100/3

=> Median = 33.3

Explanation:

If the money supply is 500 and velocity is 6, then nominal
GDP:
Group of answer choices is
A. 83.33
B. 500.
C. 3000
D. cannot be determined.

Answers

If the money supply is 500 and velocity is 6, then nominal GDP is 3000.

The equation for calculating nominal GDP is given by the equation: Nominal GDP = Money Supply * Velocity of Money.

Given that the money supply is 500 and the velocity is 6, we can substitute these values into the equation:

Nominal GDP = 500 * 6 = 3000.

Therefore, the nominal GDP would be 3000. This calculation assumes that the velocity of money remains constant and that there are no other factors affecting nominal GDP. It is important to note that this calculation only provides an estimate of the nominal GDP based on the given variables, and it does not take into account other factors such as changes in prices, production levels, or other economic variables.

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Substitution and income effects of a change in price of a good may be used to explain the
direct relationship between price and quantity purchased.
O inverse relationship between price and quantity demanded.
direct relationship between price and quantity supplied.
direct relationship between income and demand.

Answers

Substitution and income effects of a change in price of a good may be used to explain the inverse relationship between price and quantity demanded.

What is the income and substitution effect?

The substitution effect looks at the change in price of a good relative to other goods. If the price of a good falls, it becomes cheaper relative to other goods. As a result, consumers buy more of the good relative to other goods.

The income effect looks at how a change in price affects real disposable income. When the price of a good decreases, real disposable income increases. As a result, consumers can afford to buy more of the good as the consumers purchasing power has increased, holding money income constant.

So, when price falls, there is an increase in the quantity demanded. This is an inverse relationship.

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At January 1, 2021, Canaday Corporation had outstanding the following securities: 720 million common shares 45 million 8% cumulative preferred shares, $50 par 6. 4% convertible bonds, $4,500 million face amount, convertible into 90 million common shares The following additional information is available: • On September 1, 2021, Canaday sold 81 million additional shares of common stock. • Incentive stock options to purchase 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $20 per share during 2021. • Canaday's net income for the year ended December 31, 2021, was $1,524 million. The effective income tax rate was 25%. Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i. E. , 10,000,000 should be entered as 10). ) Answer is not complete. Denominator Earnings per share Numerator 1,344 , 1 Basic $ 747 = 1. 80 Diluted

Answers

To calculate the basic and diluted earnings per common share for the year ended December 31, 2021, we need the following information:

Net income: $1,524 million
Number of common shares outstanding: 801 million (720 million + 81 million)
Number of incentive stock options outstanding: 40 million
Average market price of common stock: $20 per share
Convertible bonds: $4,500 million face amount, convertible into 90 million common shares
Basic earnings per share:

Net income minus preferred dividends (if any) is divided by the weighted average number of common shares outstanding during the year.

Net income: $1,524 million
Weighted average number of common shares outstanding:
(720 million x 12 months) + (81 million x 4 months) = 8,352 million
Basic earnings per share = ($1,524 million - 0) / 8,352 million = $0.1825 per share

Diluted earnings per share:

To calculate diluted earnings per share, we need to include the dilutive effects of convertible securities and stock options.

First, we calculate the dilutive effect of the convertible bonds using the "if-converted" method:

Convertible bonds: $4,500 million face amount, convertible into 90 million common shares
If converted, the bonds would add 90 million common shares to the denominator of the EPS calculation.
Therefore, the diluted weighted average number of common shares outstanding is 8,352 million + 90 million = 8,442 million.

Next, we calculate the dilutive effect of the stock options using the treasury stock method:

Incentive stock options: 40 million options to purchase common shares at $14 per share
Since the average market price of Canaday's common stock was $20 per share during 2021, the options are considered dilutive.
The number of additional shares that could be purchased if all options were exercised is 40 million.


The average market price of the stock ($20) is greater than the option exercise price ($14), so we assume that the proceeds from exercising the options will be used to buy back common shares in the open market at the average market price.
The number of additional shares that could be purchased with the proceeds from exercising the options is 40 million x ($20 - $14) / $20 = 24 million.


Therefore, the dilutive effect of the stock options is 24 million additional shares.
The diluted weighted average number of common shares outstanding is 8,442 million + 24 million = 8,466 million.

Diluted earnings per share = ($1,524 million - 0) / 8,466 million = $0.1801 per share


Therefore, the basic earnings per share for the year ended December 31, 2021, is $0.1825 per share, and the diluted earnings per share is $0.1801 per share.

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economic systems from the most government involvement in the economy to least government involvement.

Answers

Explanation:

In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.

the cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial accounting information should always be provided.T/F

Answers

False. The cost constraint suggests that the cost of providing accounting information should not exceed the benefit it provides.

What is accounting ?

Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial information. It is also used to measure the performance of an organization and to prepare financial statements for external users. Accounting involves tracking income and expenses, preparing financial statements, preparing tax returns, and providing advice on financial matters

If the cost of providing accounting information exceeds its benefit, then financial accounting information should not be provided.

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this problem asks you to analyze the capital structure o fhca, inc., the largest private operator of health care facilities in teh world. in 2006, a syndicate of private equity firms acquired the firm for

Answers

The capital structure of FHCA, Inc., the largest private operator of healthcare facilities in the world, was analyzed following its acquisition by a syndicate of private equity firms in 2006.

What does the analysis of FHCA, Inc.'s capital structure entail?

Analyzing the capital structure of FHCA, Inc. involves assessing the composition of its financing, specifically the mix of debt and equity used to fund the company's operations and growth. This examination provides insights into the firm's financial risk, profitability, and overall financial health.

The analysis typically involves evaluating key financial indicators, such as the debt-to-equity ratio, interest coverage ratio, and weighted average cost of capital (WACC). The debt-to-equity ratio indicates the proportion of debt and equity in the company's capital structure, reflecting the level of financial leverage employed. The interest coverage ratio measures the company's ability to meet interest payments on its debt obligations. The WACC represents the average cost of capital for the company, considering the cost of both debt and equity financing.

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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?

Answers

I don’t know Iam adult but I don’t know
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