Clancy has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Erin, whom Clancy has wanted to date for a long time, asks him to a party. Clancy would prefer to go to the party with Erin and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket.1. Incorrectly allowed a sunk cost to influence his decision
2. Made a choice that was not optimal
3 Correctly ignored a sunk cost

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d