Question 1:

Shirley, a recent college graduate, excitedly described to her older sister the $1920 sofa, chair, and tables she found today. However, when asked, she could not tell her sister which interest calculation method was to be used on her credit-based purchase. Calculate the monthly payments and total cost for a bank loan assuming a 1-year repayment period and 14.5 percent interest____?. Now, assume the store uses the add-on method of interest calculation. Calculate the monthly payment and total cost with a 1-year repayment period and 12.5 percent interest____? if shirley pays back the loan after six months, she will save $___ ? if shirley pays back the add on interest loan after six months, she will save $___ ?Explain why the bank payment and total cost are lower even though the stated interest rate is higher ?

Question 2:

Determine the category of financial benefits or costs for each scenario given in the following table. The category available: tangible benefit, intangible benefit. one-time-cost, and recurring cost. Reminder: Please separate each answer into a different line and include relevant label in front of your answer Example: a. Intangible benefit b. Intangible benefit C. Intangible benefit d. Intangible benefit No. Scenario Category Example Increased organizational flexibility Intangible benefit A. New hardware and software purchases b. Application software maintenance C. Cost and error reduction d. Faster decision makingUtilitarianism is: A theory from moral philosophy that argues that an act is right if it serves to maximize the attainment of human satisfaction. OA theory from moral philosophy that argues that profit and financial well-being are important parts of evaluating an ethical situation and should not be ignored or dismissed. A theory from moral philosophy that argues that we should always choose the action that will best benefit us as individuals Question 4 2.5 pts The author, Kelman, analyzes cost-benefit analysis through the lens of ethical theory. He argues for three conclusions. Which of the following IS NOT one of Kelman's conclusions? O In areas of environmental, safety. and health regulation, there may be many instances where a certain decision might be right even though its benefits do not outweigh its costs. Of Given the reasons why it is problematic to monetize non-marketed benefits or costs that is a prerequisite for cost-benefit analysis, it is not justifiable to devote major resources to the generation of data for cost-benefit calculations or to undertake efforts to further promote cost-benefit analysis. Getting decision-makers to make more use of cost-benght techniques is important enough to warrant both the expense required to gather the data for improved cost-benefit estimation and the political efforts needed to give the activity higher priority compared to other activities, (): There are good reasons to oppose efforts to put dollar values on on-marketed benefits and costs,A Moving to another question will save this response. Question 3 The term differential cost refers to: A cost which continues to be incurred even though there is no activity. A cost which does not involve any dollar outlay but which is relevant to the decision-making process. A difference in cost which results from selecting one alternative instead of another. The benefit forgone by selecting one alternative instead of another. 1 Moving to another question will save this response.QUESTION 12 Ordering decision making process for managers - T Follow up Identify problem Analyze the allomativos Implement the decision Determine alternative courses of action Select the best alternative QUESTION 13 What is correct explanation about first step for analzing the alternatives in decision making process? 8. Select an appropriate, measurable criterion O b. Carry out the chosen analysis * Select a method of analysis " Determine alternative courses of action