--%>

Error of commission in uncertainty

Can someone help me in finding out the most precise answer from the given options. The error of commission would be: (1) Student forgets to study for the test. (2) The decision not to make a product which another company later generates successfully. (3) The company spending money on an executive vacations rather than development and research. (4) Professor not preparing his lecture notes.

   Related Questions in Microeconomics

  • Q : Define Fiscal deficit Fiscal deficit is

    Fiscal deficit is equavalent to excess of total expenditure over the sum of revenue and capital receipts excluding borrowings. That is, Fiscal deficit means borrowing of the government. Fiscal Deficit :T

  • Q : Shapes of yield curves in marketplace

    What are the three basic shapes of yield curves in the marketplace?

  • Q : Closed Shops and union members Firms

    Firms which agreed to hire only workers who were already the union members would be operating: (1) Agency shops. (2) Bilateral monopolies. (3) Monopsonistic shops. (4) Union shops. (5) Closed shops. Choose the right answer from the

  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.

  • Q : Estimate total fixed costs for

    Total fixed costs for such profit-maximizing firm equivalent: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Can't be measured in illustrated figure.

    Q : Spread of wage information The

    The Employers frequently discourage the spread of wage information since they fear that: (i) Lower salaried workers might use the information to negotiate the raises. (ii) Firms honor employee’s privacy only when secrecy is reciprocated. (iii) Unions try to orga

  • Q : Economic what is the Production

    what is the Production possibility frontier

  • Q : Question based on production

    In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.

  • Q : What is APS What is APS? APS = S/Y. It

    What is APS? APS = S/Y.It is the ratio of income to saving which is termed as APS.

  • Q : Decisions of oligopoly firm on price

    Within an oligopoly each firm: (w) ignores the pricing strategies of rival firms. (x) faces a horizontal demand curve. (y) should make decisions on price and output based on expected or actual actions of its rival. (z) has little control over the mark