Rationalization interferes with good decisions when the decision maker focuses more on weighing alternatives against previously defined criteria than on justifying an alternative.
Answer the following statement true (T) or false (F)
False
Rationalization interferes with good decisions when the decision maker focuses more on justifying an alternative than on weighing alternatives against previously defined criteria.
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An owner of a stable of racehorses has been earning below-average returns for more than 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of:
A. high barriers to exit. B. high switching costs. C. high fixed costs. D. low levels of competitive rivalry.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the units-of-production method.
A. $17,400. B. $18,379. C. $16,000. D. $20,880. E. $16,900.
Equity financing does not require:
A. Collateral B. Interest payment C. Equity give-up D. Both A + B
In both supply chains and channels of distribution, the primary aim should be for each firm to keep its own costs as low as possible.
Answer the following statement true (T) or false (F)