Which bias is the decision to continue an unwise investment based on past investments of time, effort, and/or money?
What will be an ideal response?
Sunk cost bias
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Which type of organizational structure has drawbacks, including the reality that the business owner may become overloaded with work or may be reluctant to delegate when necessary, which could slow down the progress of the organization?
a. Divisional b. Functional c. Matrix d. Simple
Depletion is the process of allocating the cost of natural resources to periods when they are consumed.
Answer the following statement true (T) or false (F)
Myron had two children, Cheryl and Pete, who predeceased him. Cheryl had three children and Pete had one child. Myron had a will. Which of the following is true?
A) If Myron's will indicates that the issue are to inherit per stirpes, Pete's child will receive one half of Myron's estate. B) If Myron's will indicates that the issue are to inherit per stirpes, Pete's child will receive one fourth of Myron's estate. C) If Myron's will indicates that the issue are to inherit per capita, Pete's child will receive one half of Myron's estate. D) If Myron's will indicates the issue are to inherit per capita, each of Cheryl's children will receive one sixth of Myron's estate.
Donald Trump offers to give you a partnership share in his casinos if the price of his shares drops below a certain level. He charges a nominal fee for this right. What is he offering you and is he wise?
What will be an ideal response?