Joseph King Has Ambitions to Be Mayor of Williston,North Dakota

question 2

Essay

Joseph King has ambitions to be mayor of Williston,North Dakota.Joe has determined the breakdown of the steps to the nomination and has estimated normal and crash costs and times for the campaign as follows (times are in weeks).
Joe King is not a wealthy man and would like to organize a 16-week campaign at minimum cost.Write and solve a linear program to accomplish this task.

Differentiate between System-1 and System-2 thinking in terms of their processes and applications.

Identify and describe various cognitive heuristics such as anchoring with adjustment, stereotyping, availability, simulation, affect, and satisficing.

Recognize the influence of cognitive biases on judgment and decision-making, including hindsight bias and the misapplication of heuristics.

Appreciate the importance of critical thinking as a reflective and methodical approach to problem-solving and decision-making.

---

Definitions:

NSF Check

An NSF check or Non-Sufficient Funds check is a check that cannot be processed due to insufficient funds in the account it's drawn on, leading to a bounced check.

Bank Statement Adjustment

The process of modifying the balance in a company's accounting records for a bank account to match the balance shown on the bank statement, accounting for transactions not yet recorded in the company’s books.

Company Books Adjustment

involves modifying entries in a company's accounting records to correct discrepancies or allocate expenses and revenues to the correct period.

Debit Memos

Notices sent to account holders indicating a decrease in their account balance, typically due to corrections or adjustments for services or goods.