Annual demand = 15000 bags Holding cost = 25 KD per bag per year Ordering Cost = 75 KD per order Number of working days per year = 300 days Lead time = 2 days Current order quantity = 600 bags/order What is the economic order quantity (EOQ) for the bags of coffee beans ? a. 100 bags/order b. 200 bags/order c. 300 bags/or d. 400 bags/order e. None of the above
Answers
The Economic Order Quantity (EOQ) of coffee bags is a term that describes the optimal order size for a business to maintain its inventory. It takes into account the annual demand, holding costs, and ordering costs, along with the number of working days per year and the lead time. The current order quantity is 600 bags per order. The EOQ for coffee bags would be 300 bags per order.
EOQ is the optimal amount of inventory to be ordered, balancing the inventory holding costs and ordering costs. It is a popular formula used in inventory management to help businesses determine the optimal order quantity of inventory to maintain. For coffee bags, the annual demand is 15000 bags, holding costs are 25 KD per bag per year, ordering costs are 75 KD per order, the number of working days per year is 300 days, the lead time is 2 days, and the current order quantity is 600 bags per order. The formula to calculate the EOQ is EOQ = sqrt((2DS/H)), where D is the annual demand, S is the ordering cost per order, and H is the holding cost per unit per year. By substituting the given values, the EOQ for the coffee bags would be EOQ = sqrt((2x15000x75)/25) = 300 bags per order. Therefore, option C, 300 bags per order, is the correct answer.
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Related Questions
URGENT!!! When payroll expenses are journalized, the payroll tax expense is entered as ___.
A. a debit
B. neither a debit nor a credit
C. a credit
D. a debit and credit
Answers
When payroll expenses are journalized, the payroll tax expense is typically entered as a debit.
Therefore, the correct answer is A. a debit.
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Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.
Answers
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
Glacial ice is A. essentially the same as snow. B. formed from continual accumulation of snow that recrystallizes under its own weight into an ice mass over a period of many years. C. made of sedimentary rock. D. generally less dense than snow and firn.
Answers
Glacial ice is formed from the continual accumulation of snow that recrystallizes under its own weight into an ice mass over a period of many years.
Glacial ice forms through a process called "firnification," where layers of snow gradually compact and undergo recrystallization. Over time, the accumulated snow undergoes further compaction, with the weight of the overlying snow causing the lower layers to recrystallize into ice. This transformation occurs over an extended period, typically many years, resulting in the formation of glacial ice.
Glacial ice is distinct from snow in that it has a denser and more compact structure due to the compaction and recrystallization processes. It differs from firn, which refers to partially compacted and granular snow. Glacial ice is a solid mass of ice that exhibits unique properties and characteristics, such as its ability to flow under pressure.
In summary, glacial ice is formed from the continual accumulation and compaction of snow over many years, resulting in the transformation of snow into dense ice masses.
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Discuss about the main types of fish available in Nepal.
Answers
Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
Individuals who have been using the Wii do not want to switch to the Move because they relate it to a superior gaming experience and also because it has been in the market for a long time. The Wii is an example of a product that has _____.
Answers
The answer to the given question is as follows:Explanation:Individuals who have been using the Wii do not want to switch to the Move because they relate it to a superior gaming experience and also because it has been in the market for a long time.
The Wii is an example of a product that has high brand equity. High brand equity refers to a product that has strong brand recognition and is generally viewed favorably by consumers.
The product enjoys high consumer loyalty and demand. This means that the Wii has a strong brand identity, which leads to customer preference and loyalty over a longer period of time.
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Which statement below best answers the economic question "How to produce"?
An artisan crafts wooden figurines, toys, and games.
An artisan sells their products at art shows, online, and by word of mouth.
An artisan uses local wood from a sustainable tree farm to make products.
An artist sells their products for prices ranging between $20 and $500.
Answers
Answer: An artisan uses local wood from a sustainable tree farm to make products.
Explanation:
Answer:
An artisan uses local wood from a sustainable tree farm to make products.
Explanation:
I took the test and got it right :)
Jesse wants to work as a public relations specialist. What academic requirements should he complete?
A.
a bachelor’s degree
B.
on-the-job training
C.
a technical program
D.
a doctorate degree
E.
high school
Answers
Answer:
A.
Explanation:
a bachelor's degree
Answer:
"A 4-year bachelor's degree in a PR-related area like journalism, marketing or communications is frequently required for entry-level positions."-Google
So the answer should be A.
If left uncontrolled the high blood pressure can cause 1. Kidney disease 2. Heart failure 3. Stroke 4. All of above
Answers
If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.
What is high blood pressure?High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.
Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.
If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.
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Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe? The program is one of the more common ways to get college credi you must take at the end of the course. Reset
Answers
Answer:
scholarship
i wanna say its that but
can we see the drop down menu?
Explanation:
Answer:
can we see what's in the drop down menu
But I'm pretty sure its a scholarship
Explanation:
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 7.3 percent paid annually.If the yield to maturity is 8.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Current price �
Answers
Answer:
892.69
Explanation:
Given the following :
Par value of bond (FV) = 1000
Period (n) = 15 years
Coupon rate (r) = 7.3% annually
Yield to maturity (r) = 8.6% = 0.086
The coupon price = 7.3% of par value
Coupon price (C) = 0.073 * 1000 = 73
Current price of bond can be computed using the relation:
= C * [1 - 1 / (1 + r)^n] / r + (FV / (1 + r)^n)
73 * [1 - 1/(1+0.086)^15]/0.086 + 1000/(1 + 0.086)^15
73*(1 - 1/3.44704)/0.086 + (1000/(1.086)^15)
= 73*8.2546131 + 290.10326
= 602.5867563 + 290.10326
= 892.69
A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment
Answers
A record of income and expenditures for a given period of time is called a BUDGET.
How do I earn money the quickest way?
Answers
2. Make deliveries for Amazon or Uber Eats
3. Become a pet sitter or dog walker
4. Get a babysitting gig
5. Install Christmas lights for the holidays
6. Become a home organizer
7. Help with home gardening
8. Assist with deliveries or moving
i hope this helps (:
How responsible should sport/event organizations, celebrities, and athletes be for keeping their various publics happy? We know that good publicity boosts goodwill and profits. But, should individuals have to keep their personal beliefs private so they won’t offend anyone? For example, some musicians may highlight their political views on stage at their concerts. Or, an athlete may make comments in an interview that could offend certain groups. Perhaps he’s an avid hunter, a hobby that some animal rights activists would certainly not support. What do you think? Where should celebrities and athletes draw the line between building fan support and being true to themselves?
Answers
Answer:
I dont really know
Explanation:
What does a mission statement typically describe?
A mission statement typically describes
A. An employees concerns
B. A company’s values
Answers
Answer:
b
Explanation:
Answer:
B. A company’s values
Explanation:
On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answers
Answer:
On April 30,
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
On May 12,
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
Explanation:
Okay here the attorney fee is the legal fee expense that was accrued in April and must accounted for as accrued expense. The accounting entry would be increase in payables (Credit) and expense (Debit) as well.
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
Now on May 12, the company paid the expense which means that the legal fee payable was reduced to zero (Reduction in liabilities is always debited) and the cash is also reduced by $3500 (Asset reduction is always credited).
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.
Answers
A limited partnership loses its protection regarding the liability limits when it fails to substantially comply with all of the provisions of the state statute governing limited partnerships. They are thereby subject to limitless responsibility.
A limited partnership is what?
A limited partnership is composed of two or more parties, comprising a general partner and at least one limited partner. Up to the extent of their investment, limited partners are exclusively responsible for the partnership's debts.
The general partner usually manages the limited partnership; the limited partner frequently has little knowledge of or involvement in the partnership's activities.
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What affects your credit score most?
Answers
Your payment history is one of the most important credit scoring factors and can have the biggest impact on your scores. Having a long history of on-time payments is best for your credit scores.
How long does late payments stay on credit report?Your credit report may contain late payments for up to seven years. They have the potential to lower your credit score, but the impact wears off over time.
However, not all late payments are recorded in your payment history.
The credit card company may charge you a late fee if you pay a bill with a credit card after the due date rather than on time, but your credit won't be harmed.
If the payment is more than 30 days overdue, the circumstance is different.
The impact on your credit ratings in this situation is determined by how long your account was past due before you made a payment. Thus, a payment that is 60 days overdue will do additional damage.
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what is the differende between wants and needs?
Answers
Explanation:
Want — have a desire to possess or do (something); wish for. Need — require (something) because it is essential or very important rather than just desirable.
A “need” is something that is essential to your survival, and you wouldn’t be able to survive with this. Examples of needs include oxygen, water, food, housing, and clothes. You need oxygen to be able to breathe, and you can’t survive long without food or water. Having clothes is also essential, and having a basic unit of housing provides safety to you.
Hope this helps :)
Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to contribute to his annual college expenses?
$11,425
$11,465
$12,425
$12,465
Answers
Answer:
$12,425
Explanation:
Richard we will contribute the difference between the expected annual expenses and the grant.
Expected expenses = $17,745
Grants, $5,320
Richard Contribution :
=$17,745 - $5,320
=$12,425
Answer:
the answer is C. 12,425
Explanation:
^^ The relative risk of having an unfavorable opinion when comparing employees with high job stress to those with low job stress is
Answers
The relative risk of having an unfavorable opinion is the ratio of the probability of having an unfavorable opinion in the high job stress group to the probability of having an unfavorable opinion in the low job stress group. In other words, it measures the extent to which job stress affects employees' opinions.
To calculate the relative risk, we need to know the number of employees in each group and the proportion of employees in each group with an unfavorable opinion. We can then divide the proportion of employees with an unfavorable opinion in the high job stress group by the proportion in the low job stress group.
For example, if there are 100 employees in each group and 20% of employees in the high job stress group have an unfavorable opinion compared to 10% in the low job stress group, the relative risk would be 2. This means that employees with high job stress are twice as likely to have an unfavorable opinion compared to those with low job stress.
However, it is important to note that relative risk alone does not provide information on the overall prevalence of unfavorable opinions in the population or the strength of the association between job stress and opinions. Other measures, such as absolute risk and odds ratio, should also be considered in conjunction with relative risk to provide a more comprehensive understanding of the relationship between job stress and opinions.
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The sales contract between buyer Milton and seller Tom has been signed. Whose responsibility is it to keep track of all of the buyer contingency deadlines
Answers
The sales contract between buyer Milton and seller Tom has been signed. Milton and his agent's responsibility is to keep track of all of the buyer contingency deadlines.
If there is a breach of the majority of contracts, we seek to award "expectation" damages.
This indicates that we want to grant the harmed party damages that would put them in the same situation as if the contract had been successfully carried out. However, in real estate contract situations, this is typically not feasible.Money damages are not regarded as sufficient if the seller breaches, that is if the seller refuses to close.
The buyer can only genuinely get the "advantage of his bargain" if the buyer is granted the property because each parcel of real estate is unique due to its location.Hence, the answer is Milton and his agent.
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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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A General Ledger uses transactions
from
to get its
information.
A. Receipts
B. A Balance Sheet
C. Journal Entries
D. Other Ledgers
Answers
A General Ledger uses Option C. Journal Entries to get its information.
Journal entries are the primary inputs of financial transactions in accounting systems. They record transactions in the chronological order in which they occur. These entries provide an audit trail that can be used to trace the financial transactions of an organization back to its source. The general ledger (GL) is the principal accounting ledger in which transactions are recorded for the purpose of producing financial statements.
A GL is a financial statement that contains all the accounts for an entity's assets, liabilities, equity, revenue, and expenses. The balances in these accounts form the basis for the entity's financial statements. The general ledger serves as the foundation for recording financial transactions. It summarizes all the financial transactions of an organization and provides a centralized view of the organization's financial position.
The general ledger is populated with transaction data from a variety of sources, including journal entries, subsidiary ledgers, bank statements, and other financial records. These records provide the data needed to create financial statements, such as income statements, balance sheets, and cash flow statements.
In conclusion, journal entries are the primary source of information for the general ledger, which is used to produce financial statements. The general ledger is the foundation of the accounting system, and it provides a centralized view of an organization's financial position. Therefore, the correct option is C.
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Emily has $62,000 accumulated in her RRSP already and plans to retire in 29 years. If she continues to save $900 each month, and gets an annual real rate of return of 3%, how much will she have at her planned retirement (in today’s dollars)? Input your answer (number only) to the nearest dollar.
Answers
Emily will have at her planned retirement $1,266,064.
Emily plans to retire in 29 years and currently has $62,000 accumulated in her RRSP. She saves $900 each month and expects an annual real rate of return of 3%. To calculate how much she will have at retirement, we can use the future value of an annuity formula.
First, we need to convert the annual real rate of return to a monthly real rate of return. Since there are 12 months in a year, the monthly real rate of return would be (1 + 0.03)^(1/12) - 1, which equals approximately 0.00249.
Using the future value of an annuity formula, we can calculate the accumulated amount at retirement. Plugging in the values, we have:
PMT = $900 (monthly savings)
n = 29 years × 12 months/year = 348 months
r = 0.00249 (monthly real rate of return)
FV = PMT × [(1 + r)^n - 1] / r = $900 × [(1 + 0.00249)^348 - 1] / 0.00249.
Calculating this equation, Emily would have approximately $1,266,064 at her planned retirement in today's dollars.
Therefore, the answer is $1,266,064 (rounded to the nearest dollar).
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Cycle time for an operation is 5.1 minutes. Following time used by each work station is given below. What is the % idle time. Work Station 1 2 3 4 Work Station Time Used 4.2 4.7 4.4 4.8
Answers
The % idle time is 11.27%. Cycle time for an operation is 5.1 minutes.
To determine the % idle time, you need to calculate the total processing time of all workstations. Afterward, subtract it from the total time available.
Then divide this number by the total time available and multiply it by 100 to get the percentage of idle time. Here are the steps to calculate the idle time.
Step 1: Add all the time taken by each workstation.4.2 + 4.7 + 4.4 + 4.8 = 18.1
Step 2: Calculate the total time available using the cycle time.Cycle time = 5.1 minutesTotal time available = Cycle time × Number of workstations= 5.1 × 4= 20.4 minutes
Step 3: Subtract the total processing time from the total time available.Total idle time = Total time available – Total processing time= 20.4 – 18.1= 2.3Step 4: Calculate the % idle time by dividing the total idle time by the total time available and multiplying by 100.% Idle time = (Total idle time / Total time available) × 100% Idle time = (2.3 / 20.4) × 100% Idle time = 11.27%
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Answers
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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which of the following is a reason why managers working abroad in multinational firms may behave in a manner that is unethical?
Answers
One reason why managers working abroad in multinational firms may behave unethically is due to cultural differences and unfamiliarity with local norms and values.
Managers working abroad in multinational firms may find themselves in unfamiliar cultural contexts where the local norms and values differ from those in their home country or the company's headquarters. This cultural disconnect can lead to misunderstandings or misinterpretations of ethical standards, potentially resulting in unethical behavior.
When managers are not fully aware of the local cultural nuances, they may unintentionally engage in actions that are considered unethical in the host country. For example, offering bribes or engaging in corrupt practices might be seen as acceptable in some cultures but are considered unethical or even illegal in others. Without a clear understanding of these cultural variations, managers may unknowingly violate ethical boundaries.
Moreover, managers working abroad might face intense pressure to achieve business targets and meet performance goals. This pressure, combined with the challenges of navigating a new cultural environment, can create ethical dilemmas. In some cases, managers may succumb to the temptation of taking shortcuts or compromising their ethical principles to attain desired outcomes quickly.
To address these issues, multinational firms should provide comprehensive cultural training to their managers before they embark on international assignments. This training should include an understanding of local ethical standards, cultural norms, and potential pitfalls. Regular communication, ethical guidelines, and robust monitoring systems can also help ensure that managers working abroad behave ethically and align their actions with the company's values, regardless of the cultural context they operate in.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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The next time you need to make a choice, your brain will use what what method?
Answers
Answer:
Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?
Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.
Some people are naturally inclined to take more chances, while others prefer to hold on to what they know best. Yet being curious and explorative is fundamental for humans and animals to find out how best to harvest resources such as water, food or money. While looking at the Belém Tower – a symbol of Portugal’s great maritime discoveries – from my office window, I often wonder what drives people to explore the unknown and what goes on in their brains when weighing pros and cons for trying something new. To answer these questions, together with Dr. Zachary Mainen and his team of neuroscientists, we investigate how the brain deals with uncertainty when making decisions.
Explanation:
It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.