Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.
Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.
In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.
Answer:
Timidity and lack of self initiative drive
Answer:
"B"
Explanation:
Utilitarian is a group of people that belong to the school of thought that promotes happiness and a total well being of people in a society.
It believes that right actions and policy will always yield positive result while wrong actions will always yield unfavorable results
For this reason , it believes that selfish interest should not override the interest of others around as everyone must ensure that happiness reign in a society.
Answer:
The answer is: B) safety needs
Explanation:
According to Abraham Maslow safety needs include employment, health, resources, personal security, etc. Safety needs are located in the second level of Maslow's hierarchy. Safety needs are all related to security and protection, i.e. taking care of yourself.
Answer: values
Explanation:
Societal values can simply be defined as the moral principles defined by the traditions, society dynamics, and cultural beliefs.
These values impact on the behavior of the people. An example is Germans' lack of interest in using credit cards like Visa and MasterCard, because the German word for 'debt' is the same as the word guilt. This hae to do with their belief and values.
