Answer:
The correct answer is letter "B": anchoring.
Explanation:
Anchoring bias or focalism takes place when individuals make decisions driven by the first impression obtained on a certain matter. Under this situation, those individuals do not take well-educated decisions since there has not been an analysis of the pros and contras of picking that choice over others.
He knew the purchase will prevent him from using the money and better ways
Answer:
a. product differentiation
Explanation:
Product differentiation is the process whereby a product or service is distinguished from others. This is to make it more attractive to a particular segment of the market which is quite different from the general market.
For Huy Fong trying to introducing a new milder version of its renowned Sriracha hot chili, it would represent product differentiation.
Answer:
Journal entries for the Completion of Job 113
Debit Finished Good/Inventory Account $ 7500
Credit WIP JOB 113 Account $ 7500
(In words we will debit finished good account by shifting work in process related to the job 113 in it)
Journal entries for the Completion and sale of Job 85
Debit Finished Good/Inventory Account $ 2300
Credit WIP JOB 113 Account $ 2300
For sales following two entries will be passed.
Debit Cost of Good Sold Account $ 2300
Credit Finished Good/Inventory Account $ 2300
Debit Cash (or Receivable if credit sale) $ 4500
Credit Sales Account $ 4500