The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>
<h3>What are cognitive limitations?</h3>
Cognitive limitations are the human and information processing restrictions imposed on decision-making. The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions. They cause errors in decision-making.
The implication of Jill's action is that she might be making the wrong decisions.
<h3>Answer Options:</h3>
A) cognitive limitations.
B) optimal decision making.
C) the illusion of control.
D) escalating commitment.
Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.
Learn more about cognitive limitations at brainly.com/question/13649097
Answer:
Publishing a sale price for an item that is not available
Explanation:
Publishing a sale price for an item that is not available will be misleading to the market and will break the law as the company must provide promotions for products that are available only
Answer:
Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.
Explanation:
Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.
Answer:
Average Collection Period = 57.03
Explanation:
given data
Accounts Receivable beginning = $437,500
Accounts Receivable ending = $500,000
Net credit sales = $3,000,000
to find out
average collection period
solution
we get here first average account receivable that is express as
average account receivable =
average account receivable = $468750
and we consider No of Days in a year is = 365
so Average Collection Period will be
Average Collection Period = × 365
Average Collection Period = 57.03
Answer:
stimulating economic growth
Explanation:
Expansionary monetary policies are the action by the Fed that aims at stimulating economic growth. They aim at increasing the money supply in the economy. Examples of expansionary monetary policies are open market purchases, reduction of the discount rate, and reduction in the reserve requirement ratio.
Expansionary monetary policies stimulate economic growth by encouraging investments and consumption spending. When the discount rate is reduced, interest rates reduce automatically. Banks will loan out more when they a lot of money in their custody. Expansionary monetary policies are applied when there is a slowdown in economic growth.