When ordering inventory, Elizabeth always remembers her first month on the job. That month, she ordered inventory based on the previous month’s sales, but then the city started a construction project in the street right in front of her store. Because it wasn’t easy for people driving by to pull into the parking lot, sales were much lower than expected, and many of the perishable items had to be thrown out. Ever since, Elizabeth has ordered less inventory than the store could sell.
1. This is an example of .
O Anchoring bias
O Seeing what you want to see
O Justifying past decisions
O Overconfidence

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Taking commercial paper means the holder acts honestly

States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will