Author Question: Which of the following statements demonstrates an understanding of the importance of sunk costs for ... (Read 104 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
Which of the following statements demonstrates an understanding of the importance of sunk costs for decision making?
 
  I. Even though I hate my MBA classes, I can't quit because I've spent so much money on tuition.
  II. To break into the market for soap our firm needs to spend 10M on creating an image that is unique to our new product. When deciding whether to develop the new soap, we need to take this marketing cost into account.
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II

Question 2

Refer to Table 5.4. If at Job B the 20 outcome occurs with probability .2, and the 50 outcome occurs with probability .8, then the standard deviation of payoffs at Job B is nearest which value?
 
  A) 10
  B) 12
  C) 20
  D) 35
  E) 44



quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library