BUSINESS COLLEGE

The tragedy of the commons suggests that ________.(A) an ongoing process of give and take is based on mutual trust.
(C) mutual trust is based on an ongoing process of give and take.

Answers

Answer 1
Answer:

Answer:

(A) an ongoing process of give and take is based on mutual trust.

Explanation:

Tragedy of the commons is a situation where individuals in a shared resource system act independently in their own self-interest. They behave in opposition to the common good and deplete shared resources.

In shared resource system there needs to be a collaborative approach between the parties to make sure resources are not exploited.

There needs to be an ongoing process of give and take based on mutual trust to sustain the system.

The concept of the tragedy of the commons has been used in sustainable development, economics, sociology, politics, taxation, and global warming.

Related Questions

I am having a diffiucult time figuring out the advertising expense. I have plugged in several solutions and they are all incorrect.Listed below are several transactions that took place during the second and third years of operations for RPG Company.Year 2 Year 3Amounts billed to customers for services rendered $ 320,000 $ 420,000 Cash collected from credit customers 230,000 370,000 Cash disbursements: Payment of rent 77,000 0 Salaries paid to employees for services rendered during the year 137,000 157,000 Travel and entertainment 27,000 37,000 Advertising 13,500 32,000 In addition, you learn that the company incurred advertising costs of $24,000 in year 2, owed the advertising agency $4,900 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.Required:1. Calculate accrual net income for both years.2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.
Portside Watercraft uses a job order costing system. During one month Portside purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. Portside incurred a factory payroll of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the application of factory overhead to production is:
Please discuss the impact of monetary policy tightening with regards to both unemployment and inflation with respect to both the short run and long run?
Each of the following are classified as a noncash investing or financing activity except: a. retirement of debt by issuing stock b. reissuing treasury stock c. purchase of long-term assets by issuing bonds d. purchase of noncash assets by issuing equity
On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary $7,000 Factory Utilities 2,000 Machinery Deprecation 11,000 Machinery Repairs 2,500 Factory Insurance (prepaid) 1,000 The overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,100 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entry to record the factory overhead costs. (round any final dollar answers to the nearest whole dollar):

A salesperson is trying to decide which element of the sales presentation mix to emphasize in a particular presentation. She wants to make sure her communication will resonate with the prospect. What term describes the process this salesperson is going through?

Answers

A salesperson is trying to decide which element of the sales presentation mix to emphasize in a particular presentation. She wants to make sure her communication will resonate with the prospect. The process through which the salesperson is going through is Persuasive communication process

Answer: Correct answer is Persuasive communication process

Explanation:

Persuasive communication process is one in which the salesperson will try to influence the beliefs and actions of others.She will try to convince employees  to work together in the direction that will help in achieving the goals of the company.

Persuade means to convince others.A persuasive communication focuses on the needs and desires of target audiences. The response of audience become more positive if they feel that communication is fulfilling their needs.if  we deliver a message which audience are looking forward to then they will receive that message easily otherwise they will ignore it.

Our message or the information we are delivering must be supported by statistics and examples. Also We must try to tell them about the benefits associated with the information given.Suppose we want to persuade others about a particular policy than we should tell them regarding benefits associated with that policy and it must be supported with examples.

This will make our communication more persuasive.

Karen Moore is a new employee with Cars R Us. One of her first responsibilities as the new HR Director is to create an incentive program for the organization. Cars R Us specializes in selling and leasing mid-priced vehicles across the United States. The organization has locations in each state in the four main regions of the United States. Recently, however, employee performance has been declining along with the unfortunate decline of car sales.Before Ms. Moore creates an incentive program, she knows she will need to identify what is best practice for the industry, what the organization has done to reward the employees in the past as well as know what the financial constraints are to the new incentive program. Once completed, she will be able to implement a well-constructed incentive program established with the goals of increasing employee job satisfaction and performance as well as improve the companyâs financial position.
One of the first items on Ms. Mooreâs agenda is to identify the preferred method of earning rewards. In reviewing the results of a recent survey completed by more than 60 percent of the employees, she learns that the employees are competitive and are interested in group incentives programs as well as individual rewards.
Ms. Moore recommends Cars R Us include a _______ system that will provide all employees to receive a portion of the increase in productivity and effectiveness.
A. gainsharing
B. cost
C. equity
D. reduction
E. timesharing

Answers

Answer: A. gainsharing

Explanation:

A Gainsharing system is the one that Ms. Moore recommended because it involves providing employees with a portion of the increase in gains accrued from increased productivity and effectiveness.

Gainsharing ensures that employees are motivated to work harder for the company because they get a share if the company improves its productivity so they will have a vested interest in ensuring that the company becomes better.

Workers and management agree on a contract that gives a 5% wage increase for each of the next three years. Everyone expected 3% inflation but inflation turned out to be 5% per year. Then at the end of three years... a. real wages will be higher than was expected.

b. real wages will have fallen

c. nominal and real wages will have changed by the same percentage.

d. real wages will be lower than was expected.

Answers

Answer:

The correct option is (d)

Explanation:

Real wages are nominal wages less inflation. Nominal wage is not adjusted for inflation. Everyone had expected an inflation of 3% per year while increase in wages per year is 5%. This implied that they will expect real wage of 2% (5% - 3%) per year.

However, it turned out that inflation was 5% per year. This means that real wages were actually 0% (5% - 5%). There was no increase in real wages at all. So, they received lower real wage (actually nil) as against expected real wage of 3% per year.

The money lost by not working is called

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it's called bankrupt

Implications of game theory

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Answer:

Game Theory is a general mathematical analysis to investigate the strategic interactions among players. Game theorists attempt to provide precise descriptions of situations of conflicting interests in order to study the behavior that such a conflict would (or, in some cases, should) elicit from rational agents. Players are assumed to consider the position and perceptions of other players while forming their strategies. In our examples, we will assume that there are two players, and that each has two choices and the fact that the players are selfish (operate in their own best interests) and rational .

Limitations of Game Theory :

The biggest issue with game theory is that, like most other economic models, it relies on the assumption that people are rational actors that are self-interested and utility-maximizing. Of course, we are social beings who do cooperate and do care about the welfare of others, often at our own expense. Game theory cannot account for the fact that in some situations we may fall into a Nash equilibrium, and other times not, depending on the social context and who the players are.

Which of the following is a function of a human resources department? O planning for materials needs O setting strategic policies O administering compensation interpreting the legality of accounting practices​

Answers

Answer:

O administering compensation

Explanation:

The human resources department or the HR is the department responsible for employees' management in an organization.  Employees are the human resources in the organization. The HR's main task is to attract, train, and retain the best employees for the company.

Other functions of the Human resources department include

  • Recruiting and placing the right person for the right position.
  • Managing the employee compensation scheme
  • Ensure compliance with labor laws
  • Training and building employee's capacity
  • Creating and maintaining a good employer-employee relationship.
Other Questions
The demand rate for raw material A is normally distributed with an average of 300 pints per day. The standard deviation of daily demand is 15 pints. If the lead time for this material is 4 days, what is the standard deviation of demand during the 4-day lead time
To judge whether a particular diversification move has good potential for building added shareholder value, the move should pass the following tests:___________. A) the attractiveness test, the barrier-to-entry test, and the growth test. B) the strategic fit test, the resource fit test, and the profitability test. C) the barrier-to-entry test, the growth test, and the shareholder value test. D) the attractiveness test, the cost-of-entry test, and the better-off test. E) the resource fit test, the strategic fit test, the profitability test, and the shareholder value test.
Cash 5,345 Accounts Receivable 2,662 Prepaid Expenses 725 Equipment 14,421 Accumulated Depreciation 6,970 Accounts Payable 1,643 Notes Payable 5,223 Common Stock 1,000 Retained Earnings 6,003 Dividends 664 Fees Earned 7,033 Wages Expense 2,463 Rent Expense 804 Utilities Expense 441 Depreciation Expense 234 Miscellaneous Expense 113 Totals 27,872 27,872 Determine the net income (loss) for the period.
A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $3500 in 2 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 2%. How much can you lend her today