Bounded rationality assumes that the decision maker ________.
A) is completely rational
B) relies entirely on emotions, intuitions, and biases
C) relies on both rational and emotional thinking
D) is completely irrational
Answer : C) relies on both rational and emotional thinking
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Characteristics of a corporation include
a. shareholders who are mutual agents b. direct management by the shareholders (owners) c. its inability to own property d. shareholders who have limited liability
For a positive proof of dumping to occur in the United States, both price discrimination and injury must be demonstrated
Indicate whether the statement is true or false
The ________ copies some things from the leader but differentiates on packaging, advertising, pricing, or location
A) innovate B) adapt C) cloner D) imitator E) counterfeiter
Tanning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $300,000 and credit sales are $1,000,000. An aging of accounts receivable shows that 5% will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment?
A) Bad Debts Expense 13,000Allowance for Doubtful Accounts 13,000 B) Bad Debts Expense 15,000Allowance for Doubtful Accounts 15,000 C) Bad Debts Expense 13,000Accounts Receivable 13,000 D) Bad Debts Expense 15,000Accounts Receivable 15,000