Meg hired a great candidate from UCLA who has a big career ahead, and every year since Meg insists on going on a recruiting visit to that campus. Meg is convinced that hiring from UCLA in the future will produce the same level of success. This is an example of a(n)
A. heuristic bias.
B. professional effect.
C. anchoring effect.
D. availability bias.
E. representativeness bias.
E. representativeness bias.
Representativeness bias is the tendency to generalize from a small sample or a single event. The bias here is that just because something happens once, that doesn't mean it is representative, or that it will happen again or will happen to you.
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Rotan Company purchased a van on January 1, 2018, for $810,000. Estimated life of the van was five years, and its estimated residual value was $98,000. Rotan uses the straight-line method of depreciation. At the beginning of 2020, the company revised the total estimated life of the asset from five years to six years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2020.
A) $142,400 B) $131,300 C) $106,800 D) $71,200
Edward Cheezer's makes and sells frozen four-cheese pizzas, New York–style. The expected selling price is $10 per pizza. The projected variable cost per pizza is $6 . The estimated fixed costs per month are $10,000. The number of pizzas that must be sold to obtain a monthly profit of $20,000 is
a. 2,000 pizzas. b. 5,000 pizzas. c. 2,500 pizzas. d. 7,500 pizzas.
What are the advantages and disadvantages of self-produced and third-party events?
What will be an ideal response?
Assault requires physical touching by the defendant to the plaintiff
Indicate whether the statement is true or false