Were you better off by making the heuristic decision

Assignment Help HR Management
Reference no: EM132493403

Question 1: Douglas's marginal rate of substitution is six slices of bread for two Pepsis at the present combination of Pepsi and bread he is consuming. If the price of each Pepsi is $2.00 and the price of a slice of bread is $3.00, is Mr. Douglas maximizing his utility? If not, how should he change his consumption? Briefly explain your response.

Question 2: Airlines give away millions of tickets each year through their frequent flyer programs, with the typical airline awarding a free ticket for each 25,000 miles flown on the airline. The average airline ticket costs $500 and is for a 2,500-mile round trip. Given this information, evaluate the following statement: Airlines could have the same effect on demand by eliminating their frequent flyer programs and simply lowering the average ticket price by 10 percent.

Question 3: Please identify a heuristic (quick rule of thumb) that you have employed when making a decision, whether in business or as a consumer. Were you better off by making the heuristic decision, or would it have been better to follow a longer decision process? Explain briefly.

Reference no: EM132493403

Questions Cloud

What biggest security implication facing mhealth technology : In your own words (from reading the assigned material) what is the biggest security/privacy implication facing mHealth technologies.
What is the amount of her child tax credit : Sophia is a single mom with a 17 year old daughter whom she claims as a dependent on her tax return. What is the amount of her child tax credit
Description of the policy or procedure to be implemented : Assume you are the internal controls expert for your company. A detailed description of the policy or procedure to be implemented
How should he change his consumption : Mr. Douglas's marginal rate of substitution is six slices of bread for two Pepsis at the present combination of Pepsi and bread he is consuming.
Were you better off by making the heuristic decision : Please identify a heuristic (quick rule of thumb) that you have employed when making a decision, whether in business or as a consumer. Were you better off by.
What is the amount of Bobs excess SST : He paid Social Security taxes of $7,492.70 from his primary job and $1,178.00 from his second job. What is the amount, if any, of Bob's excess SST
What is the transaction price : What is the transaction price that Cement Masters should compute for this agreement with Meadow Golf Club with a revised probability of 90%
Record adjusting entry to accrue salaries : Best Buy recorded a December 31 adjusting entry debiting Salaries and Wages Expense. Record adjusting entry to accrue salaries
What kinds of influences affected decision : Were the major influences psychological, personal, social, or cultural?Evaluate the own purchase decision process:

Reviews

Write a Review

HR Management Questions & Answers

  Data shows dramatic decreases in organizational stock

Research shows that downsizing has negative impacts on employee morale and health, workgroup creativity and communication, and workforce quality.

  Functions of the foreign-exchange market

What are the primary functions of the foreign-exchange market? Who are the participants in the market? How do global companies use the foreign-exchange market to hedge against foreign-exchange risks?

  A list of questions you will be using for your interviews

A list of Questions you will be using for your interviews, and which Option you have chosen, and the Names and Affiliations of potential individuals.

  Develop strategy for integrating self-managing teams

For the Module 2 Milestone assignment, you will develop strategy for integrating self-managing teams (SMTs) with HR processes as part of a greater strategic.

  Compare china and the us with five dimensions of culture

Compare China and the united states with five dimensions of culture: This refers to the degree of inequality that exists - and is accepted - among people with and without power.

  Change management and resistance to change

Purpose for this survey is to diagnose the level of resistance within the company and identify areas that employees are not supporting.

  Description of the competitive advantages

description of the competitive advantages

  Discuss the effect on managers and hr professionals

Prior to beginning work on this discussion, read Chapter 10 from the course text and the report Future Insights: Top Trends Affecting the Workplace and the HR.

  Discretionary and contingent assessment methods

The UGESP addresses the need to determine if a selection procedure is causing adverse impact, and if so, the validation requirements for the procedure

  Research business leader that you believe be ethical leader

Examine the key traits and actions that the selected leader demonstrates in order to influence a positive ethical culture in the organization

  Succession planning tools

As an HR manager, you have been asked to sit on the committee to identify which selection tests, HRIS, and succession planning tools should be considered. Your task is to identify specific criteria for the selection process of each tool.

  Nuturing an ethical and diverse workplace - mbusaplease

nuturing an ethical and diverse workplace - mbusaplease help with the following questions in two to three pages in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd