A sunk cost, sometimes called a retrospective cost, refers to an investment already incurred that can't be recovered.
Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or facilities expenses.
Imagine that you bought a concert ticket a few weeks ago for $50. On the day of the concert, you feel sick and it’s raining outside. You know that traffic will be worse because of the rain and that you risk getting sicker by going to the concert. Although it seems as though the current drawbacks outweigh the benefits, why are you still likely to choose to go to the concert?
This is known as the sunk cost fallacy. We are likely to continue an endeavor if we have already invested in it, whether it be a monetary investment or the effort that we put into the decision. That often means we go against evidence that shows it is no longer the best decision, such as sickness or weather affecting the event
Being adaptable means being flexible and willing to change. Describe a time in your life or a situation when you had to be adaptable. How might the situation have been different if you were not adaptable? (THIS IS CRITICAL THINKING!!!)
Unit 2 described several different types of communication. Which do you feel is the most important to being a good leader? Explain why. (THIS IS CAREER EXPLORATION!!!)
Answer: 2
Explanation:
Unit 2 described several different types of communication. Which do you feel is the most important to being a good leader? Explain why. (THIS IS CAREER EXPLORATION!!!)
Answer: If you are talking about leadership style by communication, I might have just the answer.
01. Democratic leadership style- this style will help the employer to have good employee relationships. When asked about their viewpoints, employees will feel valued and do their job more efficiently.
Democratic leadership, also known as participative leadership or shared leadership, is a leadership style in which group members participate in the decision-making process. This type of leadership can apply to any organization, from private businesses to schools to the government.
02. Laissez-faire - this type of leadership style makes employees feel more valued and trusted as the employer will hand over the work to his/her employees to do as they want, hence efficiency and productivity in the business will increase as employee motivation increases.
The term Laissez-faire is of French origin and translates to “letting people do as they choose.” This leadership style is the complete opposite of micromanaging. Laissez-faire leaders allow their followers to have the autonomy to make their own decisions and manage their own desks
* Finally, according to me I think that the Democratic leadership style is the best leadership style to be used by a leader.*
...Hope this helps...
Many people incorrectly use the phrase “begging the question” to mean that an argument raises a question. Provide an example of begging the question and explain in your own words what the phrase really means. (THIS IS CRITICAL THINKING!!!!)
An example of begging the question is the statement: "The Bible is true because it says so in the Bible." This statement is circular reasoning because it uses the Bible as evidence for itself, rather than providing independent evidence to support its truth.
The phrase "begging the question" actually refers to a type of logical fallacy in which an argument assumes the truth of its own conclusion, rather than providing evidence to support it. It is also known as petitio principii, which means "assuming the initial point." This type of reasoning is problematic because it fails to prove the conclusion and instead relies on the assumption that the conclusion is already true.
Answer:
The phrase "begging the question" actually refers to a type of logical fallacy in which an argument assumes the truth of its own conclusion, rather than providing evidence to support it.
Explanation:
